NewzOn Thursday, Venezuela granted licenses to three foreign companies, including BP, to explore and produce natural gas. The agreements represent a significant opening of the country's energy sector.
According to the provided reports, the move occurs under intense United States pressure. The texts specifically note that the policy shift follows the US capture of Nicolas Maduro in January, after which interim leader Delcy Rodriguez yielded to US President Donald Trump.
Venezuela holds the world's largest proven reserves of oil alongside substantial deposits of natural gas. These newly signed gas deals mark a notable development in the management and foreign participation within the nation's hydrocarbon industries amid these geopolitical shifts.
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