Venezuela authorizes Shell gas extraction
Venezuela granted Shell licenses to exploit natural gas, marking an important step toward strengthening the country's position as a major gas producer. This move will enable Venezuela to develop its gas fields, particularly the Loran field, which contains seven reservoirs along the maritime border with Trinidad and Tobago. It will also enhance its export capabilities and stimulate its oil sector. This step is part of the government's efforts to open up foreign investment and realize the country's rich potential in gas and oil resources.
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