U.S. Energy Secretary Chris Wright met Wednesday in Venezuela with acting President Delcy Rodriguez during a visit aimed at implementing an agreement that gives the Pentagon and U.S. energy companies access to about one-fifth of the South American country’s vast oil reserves. (AP Video shot by Brayan Antequero and Juan Arraez)
\n\nA woman walks near of a oil storage tank of Venezuela’s state-run oil company, PDVSA in Cabimas, Venezuela, Tuesday, Sep. 1, 2026. (AP Photo/Ariana Cubillos)
\n\nA fisherman steers his boat on Lake Maracaibo in the oil-producing region of Cabimas, Venezuela, Tuesday, Sept. 1, 2026. (AP Photo/Ariana Cubillos)
\n\nA woman covering a child from the rain walks along the shore of Lake Maracaibo in the oil-producing region of Cabimas, Venezuela, Tuesday, Sept. 1, 2026. (AP Photo/Ariana Cubillos)
\n\nOil giant Chevron confirmed that it will expand operations in Venezuela after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits.
\n\nChevron, the only U.S. oil company with a major presence in Venezuela, said Wednesday that it has been assigned additional acreage in the Orinoco Belt, where it has active operations. The company plans to invest more than $7 billion…
Original source: https://apnews.com/business