Energy and oilUpdated 1h ago

UCC negotiates to develop two Venezuelan fields.

UCC is negotiating to develop two onshore oil and gas fields in Venezuela, potentially widening the Qatar-based company’s presence there. The proposal is about more than adding fields: it also includes plans for substantial investment in infrastructure. The talks come as foreign investors compete for oil acreage in the country, putting UCC’s possible expansion into a wider contest for projects. The move on the table comes with a sizable infrastructure plan, not just two fields.

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