Tag Archives: Venezuela

Venezuela’s Oil Exports Plunge by 38% from Three-Year High

Venezuela’s oil shipments plummeted in August by 38% compared to the three-year high reached in July as state oil firm PDVSA was unable to maintain production at the upgraders that convert the extra heavy oil into grades suitable for shipping, Reuters reported on Monday, quoting PDVSA internal documents and tanker-tracking …

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Iranian Oil Tanker Reportedly Arrives in Venezuela

Media sources on Tuesday reported that an Iranian tanker carrying about 2 million barrels of ultra-light oil arrived this week in Venezuelan waters. Venezuela and Iran, both under United States sanctions, have recently expanded cooperation mainly through a swap that provides Venezuela’s state-run oil company PDVSA with light oil for …

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