According to industry sources, US oil giant Chevron and UK energy company Shell are close to finalizing the first major oil production agreements since the US imposed sanctions on Venezuelan President Maduro.
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This move marks the latest development by international energy companies in Venezuela's oil industry. If finalized, it will be one of the key advances in the country's energy sector in recent years. The related negotiations have entered the final stages, and the details are closely watched by the market. The conclusion of the agreement could potentially impact the global oil supply landscape.
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