US Energy Secretary Chris Wright has arrived in Venezuela for talks focused on a bilateral oil arrangement designed to strengthen Chevron’s activities there, according to Mexican newspaper La Jornada.
Chevron is one of the few American oil companies that has maintained a presence in Venezuela despite years of US sanctions targeting the South American nation’s government and its state oil company, PDVSA. Washington has periodically granted the Texas-based firm limited licenses to keep operating and exporting Venezuelan crude, moves that have been closely watched given the broader sanctions regime and the tense diplomatic relationship between the two countries.
Wright’s visit signals a potential shift in how the current US administration approaches energy cooperation with Caracas, at a moment when global oil markets remain sensitive to supply disruptions and geopolitical friction. Expanding Chevron’s footprint could have implications for Venezuela’s struggling oil sector, which has seen production plummet over the past decade due to underinvestment, sanctions, and economic crisis.
Details on the specific terms of the deal under discussion, as well as any commitments from either government, were not immediately available. The trip comes amid ongoing scrutiny of US energy policy toward sanctioned oil-producing nations.
For the full report, read the original story at jornada.com.mx.
Source: Secretario de Energía de EU llega a Venezuela para abordar acuerdo petrolero e impulsar operaciones de Chevron (jornada.com.mx). English version produced with AI assistance.
Image: tkksummers, BY-SA 2.0 (via Openverse).