BP Answers Trump Call With Plans for Venezuela Gasfield

BP has answered Donald Trump’s call for oil companies to help rebuild Venezuela’s fossil fuel industry with new plans to develop a large offshore gasfield. The move will be one of the first large-scale foreign investments in the country since the US ousted its leader Nicolás Maduro in January. BP will partner with two oil firms with close links to the Trump administration to develop the second phase of the Loran gasfield. The London-listed oil company holds a licence to develop the field alongside a Qatari company owned by the Al-Khayyat brothers, the Syrian-born billionaires working with Ivanka Trump, the US president’s daughter, and her husband, Jared Kushner, to build a controversial multibillion-dollar resort in Albania.