Venezuela inks deals with IOCs, Chevron eyes $7bn+ investment

HOUSTON, TEXAS (By Ofelia Paredes, Energy Analytics Institute, 2.Sep.2026, Words: 267) — Venezuela began signing new energy agreements with international oil companies (IOCs) during a visit from US energy secretary Chris Wright.

The negotiations include companies such as Chevron, ENI, GeoPark, GE Vernova, Aspect, KEO Capital, and Primavera, and aim to expand existing projects and revitalize the country’s energy industry.