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Venezuela’s Assembly Approves PDVSA-Chevron Venture to 2047

OIL

The National Assembly approved extending the contract for the Petropiar joint venture between state-owned PSVSA and Chevron until 2047, according to Bloomberg.

  • The venture currently produces 82k b/d and aims to raise output to 150k b/d in 2029, lawmaker Omar Farias said, cited by Bloomberg.

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