Commodities
BP and Venezuela Sign Pact to Explore for Offshore Gas
Rigs on Lake Maracaibo in Cabimas, Zulia state, Venezuela.
Source: Bloomberg
BP Plc and Venezuela agreed on a deal to explore for natural gas offshore as the South American country’s energy revival gathers pace following the US capture of Nicolas Maduro.
“This is the return of BP to Venezuela,” the nation’s Acting President Delcy Rodríguez said during the signing event Wednesday inside the Miraflores Palace in Caracas.