Tag Archives: Venezuela

The US government may soon reduce sanctions on Venezuela, allowing Chevron and other oil companies to resume oil drilling there. This comes just hours after OPEC+ countries announced a cut in oil supply by two million barrels per day (bpd). A report by the Wall Street Journal (WSJ) said that …

Earlier this year there were high hopes around the U.S. lifting its sanctions on Venezuela in the face of oil shortages and rising prices, due to the Russian invasion of Ukraine, allowing black gold to once again flow out of the South American oil giant. But this has not yet …

Venezuela’s President Nicolas Maduro says the country has received an advanced oil tanker from Iran as part of a contract between Tehran and Caracas based on which the Islamic Republic has so far delivered three advanced vessels to the South American country. “We have just received a ship with the …

A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The US State Department sent letters to Eni and Spain’s Repsol in May authorizing them …

Iranian flag oil tanker carrying about one million barrels of crude oil entered Venezuelan waters, Reuters reported. The Reuters news agency reported based on a shipping document on Monday that the third oil cargo from Naftiran Intertrade Company limited (NICO) is being delivered to Petróleos de Venezuela, S.A. (PDVSA), a …

Iran has delivered an Iranian-made ‘Aframax’ oil tanker to Venezuela, which has been built at the order of Venezuela, Trend reports citing the government’s official website (dolat.ir). In this regard, an event was held in Tehran with the participation of Iranian President Ebrahim Raisi and Venezuelan President Nicolas Maduro. An …

An oil tanker chartered by Italian oil company Eni SpA to carry 650,000 barrels of diluted crude oil supplied by Venezuelan state-run PDVSA arrived on Friday in Venezuelan waters, according to a document from the state-run firm. The crude cargo will be the first for Eni following an authorization issued …

Two oil companies could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The volume of oil that Italian oil company Eni SpA and Spain’s Repsol Sare expected …

An expert on energy has said that Iran can participate in Venezuela’s oil exploration and extraction projects to the best of its ability and this is in the interest of both countries and it is a win-win game. Ali Asghar Zargar said in remarks to ILNA that “Both Iran and …

Venezuela has begun importing Iranian heavy crude to feed its domestic refineries, Venezuelan oil company PDVSA announced. Iran and Venezuela last year initially agreed to a swap deal, with PDVSA importing Iranian condensate to dilute and process its extra-heavy oil for export, Reuters reported. In return, Venezuelan crude is being …