Efforts to boost oil production are underway. Companies like Chevron and Eni are involved in these plans. A recent agreement has paved the way for the US to access Venezuelan oil.

The goal is to significantly increase production. According to a spokesperson, the expected outcome is a more than doubling of oil production within a relatively short timeframe.

Further information on these developments can be found through the Department of Energy, which is involved in the agreements being made between the US and Venezuela.