Chevron is forecasting daily oil production of 420,000 barrels in Venezuela by 2028. This projection follows the recent, albeit brief, period of Nicolás Maduro’s arrest during a U.S. military intervention on January 3rd. Prior to this event, Chevron had hesitated to invest further capital into Venezuela. The company’s investment is contingent on reductions to taxes and royalties applied to oil production within the country. The provided text suggests a link between Maduro’s detainment and Chevron’s future investment plans. Further details regarding the specific conditions for investment or the broader political context remain limited within this excerpt. The original reporting originates from TalCual.