CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 13.Aug.2026, Words: 289) — International oil companies (IOCs) from BP, XRG, and UCC Holding signed agreements with the Venezuelan government for activities related to Phase II of the Lorán field on the Deltana Platform.
After 23 years, non-associated gas production is being accelerated to supply national industry, boost the petrochemical sector, and position the Caribbean country again as an energy exporter.