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Venezuela plans to grant Repsol and Chevron more oil exploration and production blocks

Summary by The Corner
The Corner Link Securities | Venezuela plans to grant more oil exploration and production blocks to Repsol (REP) and Chevron (CVX-US), in a move that is part of the pressure from the Donald Trump administration for private companies to rebuild the country’s energy sector, according to Bloomberg and Bolsamanía. According to the US media outlet, officials in Caracas are ready to award the new blocks as early as this week. The aim...
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The Corner broke the news in on Monday, February 16, 2026.
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