Chevron, Eni commit to expand oil projects in Venezuela under US eye

U.S.' Chevron, Italy's Eni and other foreign energy producers committed on Wednesday to major project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President ​Delcy Rodriguez and ‌U.S. Energy Secretary Chris Wright. FRANCE 24's Maya Yataghene reports.

US officials denied accusations that the deal was holding Venezuela for ransom, stressing that it is mutually beneficial deal for all, developing an unutilised underground asset.

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