Tag Archives: Venezuela

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 …

Venezuelan President Nicolas Maduro said Wednesday that licenses and authorizations granted so far by the US to ease sanctions it imposed on Venezuela are “headed in the right direction” but are “not enough.” The easing of the oil embargo by the US government “undoubtedly goes in the right direction, although …

The United States on Saturday allowed the country’s oil giant Chevron Corp. to resume “limited” extraction of natural resources in Venezuela and to export Venezuelan oil, after the Venezuelan government and the opposition alliance reached a deal to break the political stalemate. Chevron received a six-month license that authorizes the …

US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to the shipment of military technologies bought from US manufacturers by Russian buyers, some of which have ended up on the battlefield in Ukraine. Federal prosecutors in Brooklyn say the electronic components purchased by Russian …

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 …