Blackout Halts 955,000 Bpd Refining Complex In Venezuela
Venezuela’s largest refinery center stopped all operations on Tuesday following a fire and a blackout at the site. A small fire erupted at a vacuum tower at the Amuay oil Continue Reading
Chevron’s Venezuela Operations Hinge On Unlikely Election Talks
Chevron’s hope for expanding its operations in Venezuela hinge on election talks taking place between disputed Venezuelan President Nicolás Maduro and his opposition, Juan Guaido, according to anonymous Reuters sources Continue Reading
Iran Is Sending Crude Oil To Venezuela For Refining
Iran has started refining its crude oil in Venezuela, Iranian media have reported , citing oil minister Javad Owji. Iranian crude is being processed at a rate of 100,000 bpd Continue Reading
U.S. Looks to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil
The Biden administration is preparing to scale down sanctions on Venezuela’s authoritarian regime to allow Chevron Corp. CVX 0.57%▲ to resume pumping oil there , paving the way for a Continue Reading
Venezuela Releases Jailed U.S. Citizens in Prisoner Swap
Venezuela on Saturday released six U.S. citizens and one U.S. legal resident, who Washington said had been wrongfully detained in the South American country, as part of a major prisoner Continue Reading
Maduro: Venezuela Is Ready To Send Its Oil To The World
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. Venezuela is ready to ramp up Continue Reading
Venezuela’s Refinery Crisis Is Far From Over
Decades of corruption, mismanagement, and poor maintenance have led to a huge drop in Venezuela’s refining capacity. Iran has helped Venezuela to ease its still ongoing fuel crisis. Venezuela needs Continue Reading
Chevron applies for Venezuela license renewal, proposes wider business
Chevron Corp has asked the U.S. government to expand its license to operate in Venezuela after the oil major agreed with state-run PDVSA to revamp joint ventures in the sanctioned Continue Reading
Venezuelan Bolivar’s Crash Breaks Rare Stretch of Stability
The bolivar is plummeting, breaking a rare stretch of stability for Venezuela’s battered currency. It has lost a third of its value so far this month, hitting 9.33 bolivars per Continue Reading
Venezuela Halts Oil Shipments To Europe, Demands New Concessions
Europe is quickly running out of Russian energy alternatives. Venezuela has just halted oil shipments to Europe, saying it is done with oil-for-debt deals. Venezuela is now looking for refined Continue Reading