ReferIndia News UPDATE 3-Shell signs oil and gas, exploration agreements with Venezuela

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UPDATE 3-Shell signs oil and gas, exploration agreements with Venezuela

Published on: March 6, 2026, 3:28 a.m. | Source: Devdiscourse

"We are very pleased to reach these agreements with Shell in the areas of gas ⁠and ​oil, and to already ⁠be giving life to and implementing the new hydrocarbons law with new business models," Rodriguez said alongside Burgum at a facility belonging ⁠to state oil company PDVSA, referring to a sweeping oil reform bill passed in January. "I am also very pleased ​to have witnessed, together with you, the signing between Shell and a private Venezuelan company, the synergies ⁠that Venezuela can have with other countries around the world, for the benefit of the country and its people," Rodriguez added.

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