Chemron, ONGC, and GE Vernova are preparing to sign final energy agreements in Venezuela, bringing new foreign investment into the country's oilfields and power infrastructure.
Venezuela has spent the past six months rewriting its oil contracts under a new law, allowing foreign companies more operational flexibility.
Chevron's agreements are expected to be 'of significant size,' while ONGC is preparing to invest about $200 million in the San Cristobal field.
