Shell, BP Seek Return To Venezuela Following Maduro’s Abduction: Report
US and international energy firms are set to profit from exploiting Venezuela’s oil reserves, which are considered the largest in the world
British energy giant Shell could earn billions of dollars in profits from new Venezuelan gas projects following US President Donald Trump’s abduction of Venezuela’s President Nicolas Maduro, the Telegraph reported on 5 January.
Shell plans to exploit the massive Dragon natural gas field lying between Venezuela and the maritime border of Trinidad and Tobago.
The project to develop the field, which holds an estimated 120 billion cubic meters of gas, is expected to generate $500 million in annual revenue for up to three decades, potentially yielding billions in profit.
Shell and National Gas Company of Trinidad and Tobago (NGC) received rights to develop the field and potential export routes after signing a production-sharing contract with Venezuela’s government in late 2023.
However, the project stalled due to US sanctions on Venezuela imposed by Washington in an effort to depose President Maduro.
🔗SOURCE ➡️ The Cradle
Related: 1/7 — Just In – Trump: “Venezuela Is Committing To Doing Business With The United States Of America As Their Principal Partner.”
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11/25/25 — “Wait – Destabalizing And Targeting Venezuela Is About The Oil?”
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READ FULL ARTICLE: This article originally appeared on The Cradle
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