Qatar wants to take over Venezuela's oil fields.
Qatar Oil and Gas Holding USC is negotiating to take over the onshore fields of "Hazam and Huspin" in the state of Monaghans, Venezuela.
The head of Venezuela's National Oil Company has announced a partnership with UCC in El Fiorial and the Qatari party's large investment in its infrastructure, but UCC has yet to respond.
El Puriel is one of Venezuela's most valuable conventional oil reserves, but increasing its harvest requires expensive rehabilitation of wells, infrastructure, and water and gas injection systems.
UCC, which previously announced its partnership in the "Lauren" gas field, is looking for additional opportunities and being the main operator.
These negotiations are being conducted at the same time as competition from foreign companies to enter Venezuela's oil industry and expand the presence of investors in the Persian Gulf.
Doha also has significant political influence with its history of mediating between Washington and Caracas and close relations with Delsea Rodriguez and the Trump administration.
UCC plans also include investment in infrastructure, agriculture, health and gold mines.
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The official channel of Donya Akhtaz newspaper.