The U.S. Supreme Court justices declined on Monday to review a federal court’s ruling that had allowed Canadian miner Crystallex to take over shares of U.S. refiner Citgo in compensation for US$1.4 billion for the expropriation of assets in Venezuela. U.S. refiner Citgo is the crown jewel in the holdings …
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Iranian Foreign Ministry Spokesman Abbas Mousavi condemned the US’ threats against free trade, warning that any seizure of Iranian tankers will be retaliated. “Free trade between independent states is legitimate, and what is illegal is interference in these relations and the US is standing at the forefront of that. Trump’s …
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Iran’s fourth oil tanker named Faxon which carries the country’s oil products has passed through the Gibraltar Strait as western media reports claim that they are destined for Latin America, more specifically Venezuela. Faxon is the fourth Iranian tanker after Forest, Petunia and Fortune which have traversed the Mediterranean and …
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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.
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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 …
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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 …
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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 …
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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, …
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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 …
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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 …
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