Abu Dhabi’s Adnoc Is Said to Mull Investing in Venezuela Gas (1)

The United Arab Emirates’ state oil giant is evaluating options for a potential entry into Venezuela’s energy industry as the Middle Eastern country seeks to build out its international natural gas business, according to people with knowledge of the situation.

Abu Dhabi National Oil Co. is watching developments in Venezuela with interest in partnering with another international producer on gas projects, according to the people, who asked not to be identified discussing confidential plans. Discussions are preliminary and would depend on clear legal and financial structures for investment, the people said.

Entering Venezuela would require political coordination with the US ...