Tag Archives: Venezuela

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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Chevron to Take over Venezuelan Oil Project this Week

Chevron will officially assume control of an oil project in Venezuela this week, Bloomberg has reported, citing unnamed sources. The supermajor will process heavy crude at the Petropiar facility, called an upgrader, and then export it to refiners on the U.S. Gulf Coast after the Treasury Department granted Chevron an …

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