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Shell boosts Venezuela investments via Trinidad
Venezuela and Trinidad and Tobago announced the signing of an agreement to develop and operate the Loran natural gas field. Under this agreement, Venezuela will allow the British company Shell to export the entire production of the field's first phase, which contains 48.14 billion cubic meters of gas, to Trinidad and Tobago for processing and re-export. This agreement comes within the framework of Venezuela's efforts to attract foreign investments and develop the natural gas sector, and it enhances Trinidad and Tobago's position as a regional hub for energy processing and export.
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