US defends Venezuela deal as Chevron prepares to expand operations

The US government is defending its deal with Venezuela as Chevron prepares to expand its operations. The Trump administration justifies this agreement as a strategic move to remove Chinese and Russian adversaries from oilfields within the Western hemisphere. While the US official confirms the expected expansion by the oil giant, some industry analysts suggest that reviving the nation's oil production will be a long process taking several years to fully achieve.