Tag Archives: Central America

The Trump administration recently imposed sanctions on a subsidiary of Russia’s Rosneft.

U.S. sanctions on Rosneft Trading SA threaten Venezuela’s ability to export oil. but pose only a limited threat to the Russian energy giant’s wider business.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

Maduro has characterized the situation in the country as an attempted coup prompted by the United States.

Mexico’s government hedged oil exports for this year at an average $49 a barrel. locking in protection against low crude prices.

Russia is waiting for Venezuela’s opposition leader to leave office before despatching economic advisers to help its ally.

Maduro announced the launch of the national petro cryptocurrency in October 2017.

Rosneft is one of the major investors in Venezuela. implementing several projects on oil exploration and development with Venezuela’s PDVSA.

The sale would include all available unleased areas in federal waters of the Gulf of Mexico that are not subject to Congressional moratorium.

Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.