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Qatari firm UCC in talks over El Furrial and Jusepín: What does it mean for the dollar and P2P?Qatari oil company UCC Oil and Gas Holding LL is in talks to take over operations at two onshore fields in northern Monagas: El Furrial and Jusepín. The information, attributed to sources close to the process and reported by Bloomberg, points to a partnership with PDVSA at El Furrial, with a commitment to make a “significant investment” in infrastructure. For the average Venezuelan, the news may seem far removed; for anyone who buys and sells USDT every day, it’s another piece of the puzzle that shapes the dollar’s price in the country.
Qatari firm UCC in talks over El Furrial and Jusepín: What does it mean for the dollar and P2P?
Qatari oil company UCC Oil and Gas Holding LL is in talks to take over operations at two onshore fields in northern Monagas: El Furrial and Jusepín. The information, attributed to sources close to the process and reported by Bloomberg, points to a partnership with PDVSA at El Furrial, with a commitment to make a “significant investment” in infrastructure. For the average Venezuelan, the news may seem far removed; for anyone who buys and sells USDT every day, it’s another piece of the puzzle that shapes the dollar’s price in the country.
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