Chevron Corporation (CVX) has submitted an updated development plan to the government of Cyprus for the Aphrodite gas field located in the Mediterranean Sea. The company had initially submitted the details of the plan in July 2022. A few months later, it planned to proceed with an investment of $192 million to cover the project’s expenses. In May 2023, CVX had submitted an updated development plan, which was rejected by the government in August 2023.Details of CVX’s Revised Development PlanThe company has s ...