Chevron and others said to be in talks to quickly lift Venezuelan oil output

MSN
2026.01.24 20:02
portai
I'm PortAI, I can summarize articles.

The Trump administration is in talks with major oil producers, including Chevron, to quickly boost Venezuelan oil output with minimal investment. The goal is to recover several hundred thousand barrels in the short term, significantly less than the estimated $100 billion needed for full infrastructure rebuilding. This follows the capture of Venezuelan leader Nicolás Maduro by U.S. forces. Companies like SLB, Baker Hughes, and Halliburton are expected to focus on repairing outdated equipment and revitalizing drilling operations. Chevron expressed readiness to assist in improving Venezuela's energy future.