BP to develop offshore gasfield in Venezuela with firms linked to Trump administration
BP has announced plans to develop an offshore gasfield in Venezuela in partnership with firms linked to the Trump administration. This move marks one of the first major foreign investments in the country since the ousting of Nicolás Maduro.
Why it matters
The deal highlights the intersection of international energy policy, shifting geopolitical alliances in Venezuela, and the influence of the Trump administration on global corporate investment.
BP’s decision comes after Donald Trump called for foreign oil companies to invest ‘at least $100bn’ to help rebuild and tap Venezuela’s resources. BP’s decision comes after Donald Trump called for foreign oil companies to invest ‘at least $100bn’ to help rebuild and tap Venezuela’s resources. BP BP to develop offshore gasfield in Venezuela with firms linked to Trump administration Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January
Prefer the Guardian on Google BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield.
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