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XRG expands global gas presence in Venezuela
XRJ Company, the investment arm of ADNOC in the energy sector, announced its entry into the Venezuelan market through a stake in the offshore Laurent Field license, following approval from regulatory authorities. This license grants access to resources exceeding 4 trillion cubic feet of gas and aims to strengthen the company's position as a major gas supplier in Latin America. The investment focuses on developing gas resources responsibly and sustainably, in compliance with regulatory requirements, supporting both regional and global energy demand, and promoting Venezuela's economic growth.
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