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    Shell CEO sees competitive advantage in Venezuela gas versus heavy oil

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    06/10/2026 10:13
    Shell CEO sees competitive advantage in Venezuela gas versus heavy oil
    LONDON, Oct 6 (Reuters) - Shell SHEL.L CEO Wael Sawan said on Tuesday he sees the British oil major's competitive advantage in Venezuela in gas rather than in heavy oil, and the company will continue to look at other opportunities in the country. 
    Venezuela in June signed five agreements with ‌Shell to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field. 

     (Reporting by Stephanie Kelly, Shadia Nasralla and Robert Harvey, Editing by Louise Heavens)
     ((Stephanie.Kelly@tr.com))

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