BP suspends talks with Venezuela on Manakin-Cocuina gas project due to US license expiration.

BP has temporarily suspended talks with Venezuela on the development of a shared gas project on the maritime border with Trinidad and Tobago due to the expiration of a US license to Venezuela in April. The project, Manakin-Cocuina field, with an estimated 1 trillion cubic feet of natural gas, is located on the border shared between Venezuela and Trinidad and Tobago. BP intends to resume talks with Venezuela once it is legally permitted to do so.

May 22, 2024
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