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Chevron Corp. is set to expand its oil footprint in Venezuela.
Chevron will be awarded two additional oil fields in Western Venezuela imminently.
KEY POINTS
- US restrictions on investment and crude purchases from Venezuela have been lifted since Maduro's capture.
- Chevron agreed to return an offshore gas field to Venezuela as part of the new deal.
- Shell is close to signing an agreement to operate the Loran offshore gas field with Venezuela.
COMPANIES
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