Current location:health >>
Billionaire Texas oilman inks deal with Venezuela's state
health9People 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/tag/ari
Related articles
Queen Letizia of Spain shines in a smart tweed dress as she joins King Felipe in Madrid
healthQueen Letizia of Spain looked stunning in a smart tweed dress on Tuesday morning as she joined her h ...
【health】
Read moreMedal hero keeping the kung fu spirit alive
healthChina's Cao Maoyuan competes in wushu's nanquancompetition, where he scored 9.770 points to pocket t ...
【health】
Read moreDecade after divorce, woman finds new life on two wheels
healthLi Dongju poses with four cyclists on a cycling trip to Australia in February 2020. CHINA DAILYCycli ...
【health】
Read more
Popular articles
- Real Housewives of New Jersey's Dolores Catania attends bridal shower for ex
- Trusting the process
- Top Leaders Attend Congress of Returned Overseas Chinese
- Xi Arrives in South Africa for 15th BRICS Summit, State Visit
- Caitlin Clark 'to sign an eight
- National Games witnesses development of China's sports map
Latest articles
Olympic tennis champion Belinda Bencic announces the birth of her daughter
Xi Awarded Order of South Africa
Xi Says Chinese Modernization to Bring New Opportunities to China
Counting down to Chengdu Universiade: venues with Sichuan flavor
Why AP called the Pennsylvania 12th District primary for Summer Lee
Cai still reaching for the sky
LINKS
- McDonald's is dishing out Chicken McNuggets at a discounted price
- Hannah Elizabeth puts on a busty display in an off
- New Yorker gives hilarious reaction to being underwhelmed by solar eclipse
- Woman's rare disease causes 20
- UFO spotted shooting through clouds over Texas during the solar eclipse... do YOU know what it is?
- Sweet or savory? This is what your taste in snacks says about you, according to science
- McDonald's praised for innovative ad that smells exactly like classic item on their menu
- Aldi is offering customers FREE beauty products before they even hit shelves
- Seabed mining critics furious after company pulls out of hearings
- France to FINE patients who miss GP appointments £4.30 in bid to free up millions of slots