Venezuela’s oil company says Chevron Corp. plans to invest $2 billion in Boscan oil field
Source: Associated Press
Venezuela’s oil company says Chevron Corp. plans to invest $2 billion in Boscan oil field
By Associated Press, Updated: Wednesday, July 18, 7:56 PM
CARACAS, Venezuela — Venezuela’s state oil company says U.S. oil giant Chevron Corp. plans to invest $2 billion to boost petroleum production at a Venezuelan oil field.
The state-run PDVSA says Chevron is seeking to increase output from the Boscan oil field in the western state of Zulia.
San Ramon, California-based Chevron is a minority shareholder in Petroboscan, a joint venture with PDVSA that produces 115,000 barrels of oil a day.
PDVSA announced Chevron’s investment plan Wednesday.
Read more: http://www.washingtonpost.com/business/industries/venezuelas-oil-company-says-chevron-corp-plans-to-invest-2-billion-in-boscan-oil-field/2012/07/18/gJQAD2wduW_story.html
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