Chevron withdraws funding for Guyana deep-water port engineering

Chevron has declined to fund the engineering and design phase of a proposed US$1-2 billion deep-water port in Guyana, following its acquisition of Hess's shares. Bechtel, the project's engineering partner, confirmed the withdrawal, leaving the port's development uncertain. This shift in corporate backing could delay a key infrastructure project in Guyana's expanding oil economy.

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