The company plans to invest more than $7 billion over the next five years, with the goal of more than doubling its current production to about 600,000 barrels a day.

U.S. oil company North American Blue Energy ⁠Partners ⁠will take over some oilfields previously controlled by several ⁠Chinese companies and a Russian firm, two U.S. officials told Reuters on Monday.

Chevron, the only U.S. oil company operating in Venezuela, said it has received additional land in the Orinoco Belt region and plans to double its oil production.

Venezuela's acting President Delcy Rodríguez signed an agreement granting U.S. companies majority control over 65 billion barrels of crude oil.

The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.

Chevron says it will expand its operations in Venezuela, following the Trump administration’s move for a Pentagon-backed plan to develop the country’s oil reserves.

The principle that sitting heads of state are immune from prosecution abroad is a longstanding tenet of international law seen as fundamental to diplomacy. Maduro's push to ​persuade Manhattan-based U.S. District Judge Alvin Hellerstein to dismiss the case will test U.S. courts' ⁠general ⁠reluctance to apply international law ⁠in criminal ​cases.