00:00Chevron is expanding its operations in Venezuela after President Trump announced a sweeping deal
00:05aimed at developing the country's enormous oil reserves.
00:09The company plans to invest more than $7 billion in the region
00:13and eventually double production to roughly 600 barrels a day.
00:17The agreement also gives the Pentagon a stake in the profits
00:20as the Trump administration seeks greater U.S. involvement in Venezuela's energy sector.
00:25Critics questioned the deal's legal standing and warned that Venezuela's badly damaged infrastructure
00:31could take years to rebuild.
00:33But Chevron says it sees long-term potential in the country.
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