Venezuela approves gas exploration licenses
The article discusses the license granted by the Venezuelan system to three foreign companies, including the Abu Dhabi-based British Petroleum and Qatari companies, to explore and produce natural gas in the "Loran" field. This comes as part of the government's efforts to open up the energy sector in the country after operations were suspended due to the two devastating earthquakes, with a focus on boosting natural gas resource development to strengthen the economy. The article also highlights the alignment with the lifting of U.S. sanctions following the arrest of President Nicolás Maduro and confirms that Venezuela possesses the largest proven oil reserves in the world and enormous gas resources.
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