Baker Hughes Signs Framework Deal to Expand Venezuela Gas Infrastructure
Baker Hughes signed an alliance with PDVSA, Lindsayca and Fulcrum LNG to expand Venezuela’s natural-gas infrastructure, and a separate memorandum with New Stratus Energy to support future oil and gas development. The agreements establish a framework for potential projects—not finalized commitments—and any work will require further approvals, including applicable U.S. sanctions authorizations.
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About PDVSA
Petróleos de Venezuela, S.A. is the state-owned oil and gas company of Venezuela. It has activities in exploration, production, refining and exporting of oil, as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the petroleum industry of Venezuela, one of the world's largest oil exporters.
Everything about PDVSA →- Country
- Venezuela
- Headquarters
- Caracas
- Inception
- August 30, 1975
- Website
- http://www.pdvsa.com