The Qatari company together with an Emirati subsidiary, ADNOC, will have a stake in the license granted to the energy company BP (British Petroleum) to develop gas projects in the Loran field.
The CEO of Exploration and Production (Upstream) at Qatari company UCC Oil and Gas Holding, Erik Keskula, said that the company is negotiating its possible entry into new areas of Venezuela.
As Reuters reported, the statements were made after the partnership established last month by the Qatari energy firm with BP and an ADNOC subsidiary for the large gas project in the Loran field, located in Venezuelan waters.