British oil company BP and Venezuela sign an agreement to explore gas in the Loran area near Trinidad and Tobago
The oil company BP and Venezuela signed a memorandum of understanding for the company to explore gas in the offshore Loran area, an executive from the company and interim president Delcy Rodríguez reported on Wednesday. Venezuela has recently signed exploration agreements and other conventions with several international companies, including the Italian Eni [...]
TL;DR
- BP and Venezuela have signed a memorandum of understanding.
- The agreement is for BP to explore for gas in the offshore Loran area.
- The announcement was made by a BP executive and interim president Delcy Rodríguez.
- Venezuela has recently signed similar agreements with other international companies.