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BP Enters Venezuelan Oil Market to Compete with Trafigura and Vitol
BP has entered the Venezuelan oil trade, aiming to compete with major players Trafigura and Vitol, signaling a shift in the global oil landscape.
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BP has entered the Venezuelan oil trade, aiming to compete with major players Trafigura and Vitol, signaling a shift in the global oil landscape.
BP Plc has started trading Venezuelan oil, joining Trafigura and Vitol in the market after the US lifted restrictions on the country's oil exports.
BP has obtained an offshore license in Venezuela, marking a significant return for Big Oil to the region less than nine months after the fall of Maduro.