- Chevron, GE Vernova, ONGC, Eni and GeoPark are on track to sign final agreements for energy projects in Venezuela, according to five sources familiar with the preparations.
- The agreements largely complete a six-month migration of oil contracts to an amended hydrocarbon law that gives foreign firms greater flexibility to expand and operate oilfields and export production.
Quotes
“U.S. companies Chevron”
“are on track to sign final agreements in Venezuela after months of negotiations to firm up energy projects”