# BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

https://mins.news/en/item/22227

- The Guardian, 2026-08-14 14:04 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/aug/14/bp-offshore-gasfield-venezuela-donald-trump

> BP plans to develop the second phase of Venezuela’s Loran offshore gasfield with two oil companies closely linked to the Trump administration. The move follows Donald Trump’s call for foreign oil firms to help rebuild the country’s fossil fuel industry and would be among the first large-scale foreign investments since the US ousted Nicolás Maduro in January.

## Related coverage

- [Venezuela’s oil industry struggles to attract US investment after Maduro’s removal](https://mins.news/en/video/22331) — Al Jazeera English, 2026-08-14