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International Business Times
International Business Times
Politics

U.S. Is Taking a Large Stake in Venezuela's Oil Revival. The Goal Is 2 Million Barrels a Day.

CNBC, which traveled to Caracas with U.S. Energy Secretary Chris Wright, reported that one of the biggest takeaways is that there is no single "Venezuela oil deal," but that several agreements are taking shape simultaneously. (Credit: Getty Images)

Venezuela's latest oil agreements with U.S. and European companies are seemingly more complex than a simple return of Western energy investment to the turbulent country, with multiple agreements being forged at the same time.

According to a CNBC report from Caracas, the emerging framework includes separate deals involving Chevron, private oil operators and, most unusually, a direct U.S. government investment in a Venezuelan-focused energy company.

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