The Venezuelan Minister of Petroleum announced that the country has formally signed relevant agreements with BP, the UAE’s XRG, and Qatar’s UCC on the joint development of Venezuela's Lorán gas field. This collaborative effort is seen as a major advance in Venezuela's energy sector international cooperation and is expected to accelerate the commercialization of local natural gas resources, providing new momentum for regional energy supply.

The Venezuelan Minister of Petroleum announced that the country has formally signed relevant agreements with BP, the UAE’s XRG, and Qatar’s UCC on the joint development of Venezuela's Lorán gas field. This collaborative effort is seen as a major advance in Venezuela's energy sector international cooperation and is expected to accelerate the commercialization of local natural gas resources, providing new momentum for regional energy supply.

智通财经2026/08/13 18:16

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The Venezuelan Minister of Petroleum stated that the country has officially signed relevant agreements with BP, the UAE-based XRG Enterprise, and Qatar's UCC Company regarding the collaborative development of the Loran gas field in Venezuela. This multi-party cooperation on the development of the Loran gas field is regarded by observers as a major advancement in Venezuela's energy sector's foreign cooperation. It is expected to drive the commercialization of local natural gas resources and provide new support for regional energy supply.

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