Venezuela hopes 100 Million Investment Will Boost Sluggish Petroleum Sector
With the Venezuelan oil sector in protracted decline Royal Dutch Shell, in cooperation with the Governments of Venezuela,Trinidad and Tobago, is considering building a 17 km pipeline from Venezuela's Dragon gas field to the Hibiscus platform off the north coast of Trinidad.
Venezuela's State-owned oil and gas company Petroleos de Venezuela (PdV) President Eulogio del Pino said at the press conference: "We've signed an agreement to supply gas to Trinidad through the National Gas Company of T&T (NGC) and Shell, and also to build a gas pipeline between Venezuela and Trinidad."
The project will require an estimated $100 million investment.
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