After the US capture of Nicolas Maduro in January, interim leader Delcy Rodriguez yielded to President Donald Trump’s administration and reformed Venezuela’s energy law so the US and other foreign companies can benefit from its vast oil reserves and other natural resources, The Straits Times reported.
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Since then, Venezuela has signed several agreements with foreign companies to look for, produce and export oil and gas.
But the devastating June 24 earthquakes, which killed more than 6,300 people, prompted a halt in the granting of these licenses.
The process resumed Thursday as permits went to British Petroleum, XRG of the United Arab Emirates and UCC, a company based in Qatar.
The three companies will work to develop a natural gas field called Loran.
Venezuela has the world’s largest proven reserves of oil and also boasts large deposits of natural gas.
