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BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
Business•August 14, 2026 at 3:04 PMNational

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

By Jillian Ambrose Energy correspondent•The Guardian - UK News

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in JanuaryBP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield.BP will partner with two oil firms with close links to the Trump administration to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in Venezuela since the US ousted its leader Nicolás Maduro in January. Continue reading...

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January

BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield.

BP will partner with two oil firms with close links to the Trump administration to develop the second phase of the Loran gasfield, in one of the first large-scale foreign investments in Venezuela since the US ousted its leader Nicolás Maduro in January.

Continue reading...

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