(US Department of Treasury, 24.Sep.2020) — The state department updates on Iran-related and Venezuela-related designations in today’s press release. SPECIALLY DESIGNATED NATIONALS LIST UPDATE The following individuals have been added...
(US Department of State, 16.Sep.2020) — Special teleconference briefing with special representative for Iran and Venezuela Elliott Abrams on developments in Iran and Venezuela. MS ORTAGUS: Thank you so much...
(Reuters, 15.Sep.2020) — Venezuela’s state-run PDVSA is preparing to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region,...
(Bloomberg, 13.Sep.2020) — An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship, identified as Honey, turned off its satellite...
(Bloomberg, 11.Sep.2020) — Venezuela’s capacity to produce some much-needed gasoline and diesel of its own hinges on a single oil play. To tap it, the Nicolas Maduro regime is willing...
(Wbur, 9.Sep.2020) — The economic hardship in Venezuela has been a huge burden for neighboring Colombia. Finally, a silver lining: the collapse of Venezuela's oil industry has stopped gas smuggling...
(Argus, 9.Sep.2020) — The chairman of the Venezuelan opposition's "ad hoc" board of national oil company PdV has joined a flight of exiled technocrats from the ranks of a struggling...
(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela's oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked by an oil strike and...
(Javier Corrales, 7.Sep.2020) — The largest oil reserves and one of the world’s most incompetent governments have brought authoritarianism, economic collapse and environmental disaster to the country. It has been...
(Dryad Global, 7.Sep.2020) — Reporting from TankerTrackers.com indicates that three Iranian tankers have departed Iran, with a suggested routing to Venezuela, via the Suez Canal. The three vessels in question...
(Energy Analytics Institute, 5.Sep.2020) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) says the Nabarima floating crude storage unit located off the country's Gulf of Paria doesn’t “constitute in...
(Energy Analytics Institute, 3.Sep.2020) — Venezuela’s President Nicolas Maduro announced three areas of focus for petroleum sector workers as well as others working directly within the state oil giant Petroleos...
(Reuters, 2.Sep.2020) — Venezuelan state oil company PDVSA and Italy's Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has...
(Wall Street Journal, 2.Sep.2020) — A prominent Venezuelan opposition figure on Wednesday said he is supporting congressional elections in December that Juan Guaidó, the opposition leader backed by the U.S.,...
(Oilprice.com, 1.Sep.2020) — Venezuela once considered one of Latin America’s prosperous countries has plunged into the abyss. Years of economic mismanagement, cronyism and corruption have sparked a monumental economic collapse...
(Reuters, 31.Aug.2020) — The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially...
(Bloomberg, 31.Aug.2020) — Venezuela’s President Nicolas Maduro issued a surprise decree pardoning more than 100 of his opponents as a concession ahead of upcoming congressional elections. Former National Assembly Vice...
(Al-Monitor, 31.Aug.2020) — The seizure follows the US interception of fuel tankers from Iran en route to Venezuela this month amid increased US pressure on both countries. The US government...
(AP, 26.Aug.2020) — A Houston energy firm has dropped a lawsuit against Venezuela’s former oil czar, who it had accused of orchestrating demands for a $10 million bribe to approve...
(Argus, 26.Aug.2020) — An estimated 25,000 bl of oil spilled along western Venezuela's coastline in recent weeks came from faulty heat exchangers at state-owned PdV's El Palito refinery, three officials...
(Oilprice.com, 24.Aug.2020) — In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines...
(FT.com, 23.Aug.2020) — The country's oil industry was once the envy of the region, but after decades of mismanagement and corruption the sector is facing ruin. The FT's Andean correspondent...
(Reuters, 23.Aug.2020) — Venezuela’s state-run oil company, Petroleos de Venezuela, has restarted gasoline output at the 310,000-barrel-per-day (bpd) Cardon refinery, according to five people familiar with the matter. The move...
(Reuters, 23.Aug.2020) — Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of...
(Oilprice.com, 19.Aug.2020) — The U.S. federal government is considering more sanctions to add to a list aimed at severing the lifeline between the Venezuelan government and oil revenues that, according...
(Reuters, 19.Aug.2020) — A strip of Venezuela’s western coastline boasting pristine beaches and fragile ecosystems like mangroves and coral reefs could take more than half a century to fully recover...
(Reuters, 19.Aug.2020) — The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still receive the South American producer's...
(Bloomberg, 18.Aug.2020) — The Trump administration is considering additional sanctions on Venezuela aimed at halting the remaining fuel transactions permitted with the South American nation, according to people familiar with...
(Citgo, 17.Aug.2020) — Citgo Petroleum Corporation reported a net loss of $5 million for the second quarter of 2020, which includes the benefit from the reversal of a previously recorded...
(US State Department, 14.Aug.2020) — The text of the following declaration was released by several members of the Lima Group, the International Contact Group, the European Union, the United States,...
(US Dept. of Justice, 14.Aug.2020) — The Justice Department today announced the successful disruption of a multimillion dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC), a designated foreign...
(Reuters, 13.Aug.2020) — Crude exports from Venezuela are facing growing delays due to excess water and other impurities in cargoes loaded at state-run PDVSA’s main terminal, according to internal company...
(Energy Analytics Institute, 13.Aug.2020) — Venezuela’s President Nicolas Maduro is doubling down on earning money through illicit means where sanctions have less of an impact while also doubling down on...
(Bloomberg, 13.Aug.2020) — Exports of crude oil, the commodity that bankrolls the regime of President Nicolas Maduro, are set to reach a four-month high of at least 325,000 barrels a...
(Argus, 12.Aug.2020) — Venezuelan state-owned PdV plans to restart gasoline production in 10-15 days at its 940,000 b/d CRP refining complex after restarting two crude distillation units yesterday, according to...
(AP, 12.Aug.2020) — An oil spill in Venezuela has coated a stretch of the crisis-wracked nation's Caribbean coastline, treasured for its white sand beaches, clusters of small islands and wildlife....
(Reuters, 11.Aug.2020) — A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at...
(Energy Analytics Institute, 11.Aug.2020) — An oil spill said to have occurred at El Palito refinery, owned and operated by Venezuela’s state oil company Petroleos de Venezuela (PDVSA), has reportedly...
(Reuters, 7.Aug.2020) — Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to help customers who have struggled...
(Reuters, 6.Aug.2020) — U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the U.S. refiner and its Venezuelan...
(Reuters, 3.Aug.2020) — Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions on PDVSA continued limiting sales,...
(Argus, 31.Jul.2020) — Mitsubishi-operated Metanol de Oriente (Metor) in eastern Venezuela has suspended methanol production as a health precaution. The 750,000 t/yr Metor 1 plant will close from today through...
(CNN, 31.Jul.2020) — Two American oil executives held in an overcrowded Venezuelan prison for almost three years have been placed in house arrest, a sign that the embattled government of...
(Reuters, 26.Jul.2020) — A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human rights group said, less than...
(Citgo, 22.Jul.2020) — PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of Jimenez v. Palacios. The boards...
(Citgo, 22.Jul.2020) — PDV Holding, Inc., the indirect sole stockholder of Citgo Petroleum Corporation, issued its first-ever annual report detailing financial and operational performance in calendar year 2019. Report highlights...
(World Bank, 21.Jul.2020) — Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to...
(Tradearabia News Service, 20.Jul.2020) — Venezuela’s oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world economic crisis. Even though there...
(Citgo, 17.Jul.2020) — The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting to CITGO President and CEO...
(AP, 13.Jul.2020) — As U.S. sanctions scare away the world's largest shippers from Venezuela's oil industry, new players are willing to brave the heightened risks and help keep socialist leader Nicolás...
(Oilprice.com, 13.Jul.2020) — The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking to cut...
(Oilprice.com, 13.Jul.2020) — The United States has been raising its imports of fuel oil from Russia over the past year and a half after the U.S. imposed sanctions on Venezuela’s...
(AP, 13.Jul.2020) — As U.S. sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks and help keep socialist leader...
(Reuters, 9.Jul.2020) — India’s Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is...
(Argus, 3.Jul.2020) — Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series of internal operation reports from...
(Argus, 3.Jul.2020) — Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls outside the scope of escalating...
(Reuters, 1.Jul.2020) — Venezuela's opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela (PDVSA), which controls some of...
(Argus, 1.Jul.2020) — An "ad hoc" board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido's parallel administration is running into political resistance in the...
(Argus, 1.Jul.2020) — A cargo of Venezuelan crude has arrived at the 235,000 b/d refinery run by Italy's integrated Eni and Kuwait's state-owned KPC at Milazzo, Sicily. Around 1mn bl...
(Reuters, 1.Jul.2020) — Venezuela’s oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat of U.S. sanctions, sailed away...
(Reuters, 28.Jun.2020) — Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies...
(Reuters, 25.Jun.2020) — Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a...
(Reuters, 24.Jun.2020) — Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S....
(Sputnik, 24.Jun.2020) — Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging to these entities over their...
(Newsweek, 24.Jun.2020) — Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean to challenge the Latin American...
(AP, 22.Jun.2020) — Venezuela's socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same time it was secretly paying...
(AP, 20.Jun.2020) — Venezuela's socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same time it was secretly paying...
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
(Bloomberg, 20.Jun.2020) — Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduro’s embattled regime. Crude exports that once accounted for...
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining...
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining...
(Bloomberg, 18.Jun.2020) — The U.S. Treasury Department levied sanctions on Mexican trading company Libre Abordo SA de CV for buying Venezuelan oil via oil-for-humanitarian-aid agreements with the embattled country. Libre...
(US Department of Treasury, 18.Jun.2020) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign entities, and identified two vessels...
(Reuters, 16.Jun.2020) — Venezuela’s oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and...
(Reuters, 15.Jun.2020) — Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S....
