Your current location:HOME >opinions >Billionaire Texas oilman inks deal with Venezuela's state 正文
TIME:2024-04-25 14:28:01 Source: Internet compilationEdit:opinions
MIAMI (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.
Man United beats Sheffield United 42024-04-25 14:22
Summer travel booms in country2024-04-25 14:10
Rural living gains popularity among Chinese urbanites2024-04-25 13:47
Migrating grey cranes fly to national wetland park in SW China's Yunnan to overwinter2024-04-25 12:56
Authorities in Togo are cracking down on media and the opposition, report says ahead of election2024-04-25 12:48
Oscar salvages point for Cangzhou against Shenzhen in CSL2024-04-25 12:28
South China tourist city all set for art festival2024-04-25 12:12
Countries welcome Chinese tourists2024-04-25 12:11
Missouri House backs legal shield for weedkiller maker facing thousands of cancer2024-04-25 12:06
Xi's Vision Injects Confidence, Wisdom into Forging Closer China2024-04-25 12:06
Vermont House passes measure meant to crack down on so2024-04-25 14:02
Spring flowers enchant people across China2024-04-25 13:31
Scenery of Dushanzi2024-04-25 13:20
Migrating grey cranes fly to national wetland park in SW China's Yunnan to overwinter2024-04-25 13:12
Maine sheriff's fate rests with governor after commissioners call for his firing2024-04-25 13:00
Xi Focus: Xi Chairs Milestone Summit, Hails New Era of China2024-04-25 12:53
District in Guiyang of SW China eyes rural vitalization with agritourism2024-04-25 12:33
Xi Meets Russian PM2024-04-25 12:07
China's envoy in Washington urges U.S. to avoid Thucydides Trap in bilateral ties2024-04-25 12:02
Camping tourism rebounds as pandemic eases and spring comes2024-04-25 11:43