Shell CEO Favors Venezuela Gas Over Heavy Oil
Shell CEO Wael Sawan stated that the energy major holds a competitive advantage in Venezuelan gas rather than heavy oil. The company continues to evaluate regional opportunities following recent project agreements.
Insights:
Shell CEO Wael Sawan said on Tuesday morning that the company sees its primary competitive edge in Venezuela within the gas sector rather than heavy oil. The Anglo-Dutch energy major continues to evaluate further opportunities across the United Kingdom firm's Latin American operations. This strategic pivot highlights evolving priorities for international energy houses operating in sanctioned hydrocarbon markets.
