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Gazprom, Chevron To Operate In Venezuela

Venezuela's government assigned two natural gas blocks to Russia's gas monopoly Gazprom and one to the US oil giant Chevron

Gazprom, Chevron To Operate In Venezuela

Venezuela's government assigned two natural gas blocks to Russia?s gas monopoly Gazprom and one to the US oil giant Chevron in a long-awaited bidding round for an offshore gas project.

Gazprom paid $15.2 million for one block and $24.8 million for another, Oil Minister Rafael Ramirez said.

Chevron paid $5.6 million for its block, the Oil Ministry said.

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