Shell, BP Seek Return To Venezuela Following Maduro’s Abduction
British energy giant Shell could earn billions of dollars in profits from new Venezuelan gas projects following US President Donald Trump's abduction of Venezuela's President Nicolas Maduro, the Telegraph reported on 5 January.
Shell plans to exploit the massive Dragon natural gas field lying between Venezuela and the maritime border of Trinidad and Tobago.
The project to develop the field, which holds an estimated 120 billion cubic meters of gas, is expected to generate $500 million in annual revenue for up to three decades, potentially yielding billions in profit.