The financial mechanism between Iran and Europe may be launched on January 31 or February 12.

The European transactions channel for Iran will be called INSTEX (Instrument in Support of Trade Exchanges).

The US has sanctioned Nicaragua’s Albanisa company. which exports and sells Venezuelan oil products.

Oil Rises amid US Lower Imports. Venezuela Sanctions.

The exhibition will be open to the public until February 11.

The sanctions aim to freeze sale proceeds from PDVSA’s exports of roughly 500.000 barrels per day (bpd) of crude oil to the United States.

In late 2017. the kingdom announced plans to build the US$500 billion NEOM mega city in the northern Red Sea.

Maduro and the Venezuelan people are resisting this coup attempt by the interventionist North American country.

China is among the world'.s largest emitters of methane.

US crude oil imports averaged 7.1 million b d. down from the previous week.