Maduro Says Venezuela, Trinidad Sign Deal to Share Gas Profits
- Deal could see increased global exports from the Caribbean
- Both countries seek to revive plan halted on US sanctions
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President Nicolás Maduro said Venezuela and Trinidad and Tobago have signed a profit-sharing agreement to export gas from the PDVSA-owned Dragon offshore project.
The project, which was halted in 2020 due to US sanctions, entails using a field in Venezuelan waters to produce natural gas, which would be imported by the West Indies nation to be processed for export.