Tag Archives: Venezuela

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 …

India is pinning hope on the resumption of crude oil supplies from Venezuela and Iran. India, the world’s third-largest energy-consuming and importing nation, is pinning hope on resumption of crude oil supplies from Venezuela and Iran as well as higher production from OPEC+ nations to help cool international oil prices …

The U.S. Administration is currently reviewing a request from Chevron to potentially allow the U.S. oil giant to take and trade crude from Venezuela as a form of payment for the millions of dollars the South American producer owes Chevron for its joint ventures there, Reuters reported on Monday, quoting …

Venezuela appears to be following in Iran’s footsteps by starting to ignore U.S. sanctions on its oil industry to once again develop its substantial crude reserves. After years of stalling and losing out on international investment as well as vital revenues, Venezuela looks to be set to increase its oil …

The Islamic Republic of Iran delivered the fourth shipment of its gas condensate to Venezuela in line with concluding a contract with Venezuela for exporting gas condensate and importing crude oil in return. Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this …

Iran and Venezuela have inked an oil contract to counter the sanctions the United States has imposed on both nations’ oil exports, Trend reports citing Mehr. Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of …

Nicolas Maduro speculated that Venezuela could pay for coronavirus vaccines with oil. “Venezuela has oil tankers, it has clients who buy its oil. Our country will allocate a portion of our produce to ensure the shipment of the required vaccines. Oil for vaccines,” the head of state said on TV …

Venezuelan President Nicolas Maduro on Saturday expressed willingness to “turn the page” with the U.S., following the presidency change, especially to revive the sanctions-hit oil industry. Maduro’s desire is that the two nations can reach a “new path” after years of tension between the Maduro government and the Trump administration. …

Little-known shipping companies registered in the United Arab Emirates (UAE) have been shipping Venezuelan crude oil in breach of the U.S. sanctions on Nicolas Maduro’s regime, Reuters says in a special report on Tuesday. The companies Muhit Maritime, Issa Shipping FZE, and Asia Charm Ltd, all registered in two free …

India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said on Wednesday. “As a buyer I would like to have more buying places. I should have more destinations to go …