Venezuelan oil investment
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Chevron taps Venezuelan oil: 150,000 BARRELS PER DAY
Youtube· 2026-02-12 14:45
Group 1 - Chevron's flagship refinery in Mississippi is processing its first shipment of Venezuelan oil since the recent political changes in Venezuela [1] - The refinery is one of six ports on the US Gulf Coast capable of processing heavy Venezuelan crude, specifically designed for this type of oil [2] - Currently, the refinery is processing 50,000 barrels of Venezuelan crude oil per day, with plans to triple that to 150,000 barrels next month [3][4] Group 2 - Chevron's CEO, Mike Worth, indicated that the company is increasing production in Venezuela, having grown from 50,000 barrels per day to 250,000 barrels over the last couple of years [5] - The White House is encouraging more investment in Venezuela, aiming to increase production from 950,000 barrels per day to 3 million barrels, which would require an investment of $180 billion and could take up to 14 years [6]