Tag Archives: Venezuela

U.S. sanctions on Rosneft Trading SA threaten Venezuela’s ability to export oil. but pose only a limited threat to the Russian energy giant’s wider business.

Venezuelan President has proposed giving majority shares and control of its oil industry to big international corporations. a move that would forsake decades of state monopoly.

Maduro has characterized the situation in the country as an attempted coup prompted by the United States.

Russia is waiting for Venezuela’s opposition leader to leave office before despatching economic advisers to help its ally.

Maduro announced the launch of the national petro cryptocurrency in October 2017.

Rosneft is one of the major investors in Venezuela. implementing several projects on oil exploration and development with Venezuela’s PDVSA.

Rosneft has responded to the US statement about possible sanctions due to oil purchases from Venezuela.

A shutdown in the rigs will put pressure on Nicolas Maduro’s administration.

CNPC will wait for more guidelines from the U.S. Treasury before further moves in dealing with Venezuelan oil.

China has imported 339.000 barrels a day of Venezuelan oil this year.