ADNOC eyes Venezuela as strategic rapprochement accelerates between the United Arab Emirates and the new power in Caracas
Abu Dhabi’s state oil company, ADNOC, is evaluating a potential entry into Venezuela’s energy industry at a moment of profound political and economic reconfiguration in the country. The interest, revealed by Bloomberg News, coincides with an intense series of high-level diplomatic contacts between the United Arab Emirates (UAE) and Venezuela, as well as with the first announcements by the interim government regarding exports of liquefied petroleum gas (LPG). The move is unfolding under the close scrutiny of the United States, a key actor in any future architecture for energy investment in Venezuela.