Venezuela signs offshore gas deal with BP to boost energy sector revival: Video
Acting President Delcy Rodríguez on Wednesday, April 29 presided over the signing of a memorandum of understanding between Venezuela and energy giant British Petroleum, marking a fresh step in the country’s efforts to revive its oil and gas sector.
The agreement was signed in Caracas by Hydrocarbons Minister Paula Henao and BP representative David Campbell, according to state media reports.
It focuses on offshore gas exploration, particularly in the Deltana Platform and the Loran gas field, key areas in Venezuela’s northeastern energy reserves.
Speaking at the ceremony, Rodríguez described BP’s return as a signal of the kind of international partnerships Venezuela aims to rebuild. She said the government is pursuing “relations of respect” and cooperation based on shared benefits, adding that the deal forms part of a broader energy agenda designed to support economic recovery and job creation.
This story is written and edited by the Global South World team, you can contact us here.
