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U.C.C. in Talks for Venezuela Oil
UCC Qatar announced that it is in talks to enter new areas within the oil and gas sector in Venezuela. This follows a long-term license recently obtained in partnership with BP and ADNOC's XR G unit to develop the Laurent gas project, which is estimated to hold around 7.3 trillion cubic feet of reserves and includes rights to produce up to 4 trillion cubic feet of gas. This move reflects Qatar's efforts to strengthen its presence in the international oil and gas markets and demonstrates the company's interest in exploring new opportunities in the sector. It also highlights ongoing cooperation with the Venezuelan government and discussions with senior officials regarding future collaborations.
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