Economy
Representatives of Chevron said on Tuesday that the US oil company will need to conduct a thorough assessment before investing again in Venezuela, Reuters reported.

The oil corporation submitted on Tuesday in New York and San Francisco a management balance. CEO David O'Reilly noted that in view of falling oil prices, oil producers are most willing to execute prospecting and development agreements with foreign companies, as stated by Bloomberg.

Countries, such as Venezuela, are requesting investments from the companies, after preventing some years ago a number of operations with foreign companies in the face of rising oil prices.

O´Really said that there were growing chances of prospecting in order to enlarge the oil production without the need for procurement or losing money in agreements.

He added that international companies are interested again due to low prices and multiple opportunities.