

Power Beyond the Market
Eight months after American forces captured Nicolás Maduro in Caracas, Chevron announced plans to invest more than $7 billion in Venezuela. The American oil company intends to more than double its production in the country over five years. Venezuela has the world’s largest proven oil reserves but produces only around 1.25 million barrels a day. Its petroleum industry has been devastated by mismanagement, corruption, underinvestment, the loss of technical expertise and America
Arda Tunca
5 hours ago4 min read









