Ex-Executives and Companies Eye Venezuelan Oil and Gas Opportunities
Shell is considering re-entering Venezuela's gas sector, particularly the Dragon gas field, which could generate billions in revenue, following the political change in the US that may ease sanctions and accelerate development. The project holds vast reserves, but previous delays were due to licensing issues and US restrictions. US companies like Chevron are expected to lead investments, with European firms potentially joining through joint ventures. The move could significantly impact global oil markets, especially OPEC.