BP Signs MoU with Venezuela for Cocuina-Manakin Gas Project
BP has signed a memorandum of understanding with the Venezuelan government to develop the Cocuina-Manakin offshore gas field, which lies on the maritime border between Venezuela and Trinidad and Tobago. The agreement also includes potential collaboration in the Loran offshore gas field. This marks Venezuela's efforts to re-engage foreign energy investors following recent political changes.
Topics: BP energy gas development international relations Venezuela