U.S. oil giant Chevron is set to expand oil extraction operations in Venezuela after signing two massive deals with the Venezuelan interim government led by Delcy Rodríguez. Rodríguez spoke Monday from Caracas after meeting with corporate executives and a U.S. Energy Department official.

President Delcy Rodríguez: “It will allow us to make significant progress in production. And the revenue generated from that production will go directly to the benefit of the Venezuelan people, and it will be a shared benefit, good for the people of the United States and Venezuela.”

The agreements are expected to boost U.S. crude extraction in Venezuela’s vast Orinoco Belt oil-producing region, and come in the aftermath of a U.S. military strike on Caracas and the abduction of Nicolás Maduro and his wife Cilia Flores in January. Delcy Rodríguez’s interim government has since opened some of Venezuela’s key resources to foreign exploitation.