Tag Archives: Venezuela

Iranian Government Spokesman Ali Rabiei said that trade volume exchange between Islamic Republic of Iran and Venezuela, as two independent countries in the world, has nothing to do with anyone else, and the Islamic Republic of Iran will not hesitate to sell its oil.

Iran’s government spokesman Ali Rabiei says the country’s trade ties with Venezuela have nothing to do with any other country. In comments on Saturday, Rabiei said “Venezuela and Iran are both independent states that have had and will continue to have trade relations with each other.” “We sell goods and …

Amid the global COVID-19 pandemic and volatility in the oil market, Venezuela has also experienced an over 60 percent fall in oil production. Venezuelan President Nicolas Maduro has appointed new heads of the oil ministry and PDSVA, the state oil company, according to the decrees published in Gaceta Oficial. Tareck …

The price of Venezuelan oil has fallen to its lowest level in more than two decades to just $9.90 a barrel, the oil ministry said on Friday. The ministry said the price between Monday and Friday was 70.62 Chinese yuan, a level that has not been seen since 1998 when …

Earlier on Monday, the Kremlin’s press service reported that Putin and Maduro had a phone conversation discussing the situation on the world oil market MOSCOW, April 20. /TASS/. Venezuelan President Nicolas Maduro proposed holding a meeting of the committee to monitor the implementation of the OPEC+ agreement on May 10, …

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is engaged in an “active deliberation” of the Russian oil company Rosneft’s decision to sell its assets in Venezuela, OFAC Director Andrea Gacki said on Friday. “These reports on Rosneft’s acquisition or deal with PDVSA as well as …

Chairman of the Russian Peace Foundation Leonid Slutsky has called on the US, UK and the European Union (EU) to leave policy on unilateral sanctions as the bans have created obstacles to dispatch medical aid to Venezuela and Iran which is fighting the deadly coronavirus. Slutsky made the remarks in …

Venezuelan President Nicolas Maduro said he was optimistic about the upcoming OPEC+ meeting, at which solutions could be found to stabilise the oil market. On Thursday, an OPEC+ video conference will be held on the possibility of a new cut in oil production to stabilise the market, to be followed …

A company owned by the Russian government has acquired Rosneft’s assets in Venezuela, the cabinet’s press office told TASS on Saturday. “The government of the Russian Federation has acquired assets in Venezuela from Rosneft. A company 100% owned by the Russian Federation has become the owner,” the press service said. …

The Trump administration recently imposed sanctions on a subsidiary of Russia’s Rosneft.