Venezuela’s Executive Vice President Delcy Rodríguez has officially signed a significant gas exploration and production agreement with British energy giant BP.
The deal focuses on the Cocuina field, a massive offshore gas deposit located in the maritime border area between Venezuela and Trinidad and Tobago. This agreement marks a critical shift in Venezuela’s energy strategy as the country attempts to revitalize its economy and leverage its vast, yet largely untapped, natural gas reserves, News.Az reports, citing Sky News.