Current location:politics >>
Billionaire Texas oilman inks deal with Venezuela's state
politics9People have gathered around
IntroductionMIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezue ...
MIAMI (AP) — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election.
LNG Energy Group is a publicly traded company listed in Canada that produces natural gas in Colombia. It was created last year as a result of a merger with a company owned by Rod Lewis, a legendary Texas wildcatter who Forbes Magazine once called the “only gringo allowed to drill in Mexico.”
As part of the deal announced Wednesday, LNG was awarded contracts by state-run PDVSA to take over production and develop two oil fields in eastern Venezuela that currently produce about 3,000 barrels of crude per day.
LNG said the deal was executed within the framework of sanctions relief announced by the U.S. government last year in support of an agreement between President Nicolas Maduro and his opponents to hold a competitive presidential election this year. Last week, the Biden administration reimposed sanctions as hopes for a democratic opening in Venezuela fade.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Sphere news portal”。http://www.havadist.com/ameliyathane-teknikerinden-ilginc-video-h15745
Related articles
Vermont House passes measure meant to crack down on so
politicsThe Vermont House approved a bill Wednesday that would require firearms that are privately made from ...
【politics】
Read moreXi Sends Congratulatory Letter to 2023 Pujiang Innovation Forum
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read moreExports of Taiwan liquor from mainland thrive
politicsExports of Taiwan kaoliang liquor from the Chinese mainland boomed last year, with experts attributi ...
【politics】
Read more
Popular articles
- Grant Shapps swerves questions on whether Britain could follow the US by banning Chinese
- Southgate slams hapless Maguire's treatment as 'joke'
- Xi, Maduro Announce Elevation of China
- Xi Sends Congratulatory Letter to 2023 Beijing Culture Forum
- Dairy cattle must be tested for bird flu before moving between states, agriculture officials say
- Invincible Qin keeps the medals flowing
Latest articles
Artist who covered sports car with an ornamental doily is shortlisted for £25,000 Turner Prize
Xi Focus: Xi Stresses Striving for Full Revitalization of Northeast China
China holds majority of world's 'lighthouse factories'
China's car production, sales hit a record high
Sobbing brides
Zhang Weili defends UFC strawweight title against Brazil's Amanda Lemos
LINKS
- Oil consumption back to 2019 levels
- Rockies rally for 2 runs in 10th to beat Mariners 2
- Zendaya reveals how icon Serena Williams reacted to seeing her new tennis
- How Phish is using the Las Vegas Sphere's technology
- Hands, Face, Prays! Football
- Local election workers fear threats to their safety as November nears
- Five rockets are fired from Iraq towards US military base in Syria
- China's civil aviation sector posts record Q1 numbers
- Dick Van Dyke earns Daytime Emmy nomination at 98
- Rachel Brosnahan is leggy in a clinging merlot