(Reuters, 23.Jul.2021) â Sanctions barring U.S. imports of Venezuelan crude put refiner Citgo Petroleum Corp at a disadvantage to better-financed rivals, the board chair named […]
Category: Venezuela
Venezuela energy
Venezuelans Enduring Day-Long Waits to Fill Gasoline Tanks
(Bloomberg, 23.Jul.2021) â Venezuelaâs capital city is once again rationing gasoline after output at state-owned refineries slumped, forcing motorists to endure day-long queues to top […]
Venezuela Snubs Sanctions With Oil Import
(Bloomberg, 22.Jul.2021) â Venezuelaâs state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the […]
China’s CCPC Takes Center Stage In Iran
(Reuters, 22.Jul.2021) â A Chinese logistics firm has emerged as a central player in the supply of sanctioned oil from Iran and Venezuela, even after […]
US Extends Protection For Citgo
(Reuters, 20.Jul.2021) â The United States on Tuesday extended a measure protecting Venezuelan-owned U.S. refiner Citgo Petroleum Corp PDVSAC.UL from bondholders seeking a stake in […]
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US Extends Citgo Protection [PDF Download]
(Department of the Treasury, 20.Jul.2021) â The Office of Foreign Assets Control (OFAC) issued the following update to General License No. 5G related to PDVSA […]
Cyprus Emerges As sanctions Workaround For Venezuela
(Lloydâs List, 14.Jul.2021) â Until last year, Greek shipowners accounted for 80% of crude lifted from Venezuela, undeterred by US sanctions. Then, six vessel-owning companies […]
Italian Court Accepts Extradition Request For Former Minister Ramirez
(Reuters, 14.Jul.2021) â An Italian court on Wednesday approved an extradition request for Venezuelaâs former Oil Minister Rafael Ramirez, who is charged with corruption, Venezuelan […]
Washington Allows LPG Exports To Venezuela
(S&P Global Platts, 12.Jul.2021) â The US Department of Treasury granted a sanctions waiver July 12 allowing US companies to export or re-export LPG supplies […]
US OKs LPG Exports To Venezuela
(Energy Analytics Institute, 12.Jul.2021) â The US Office of Foreign Assets Control (OFAC) issued general license no. 40 which allows âall transactions and activities related […]
Ecopetrol Reports Uptick In Oil Output
(Ecopetrol, 12.Jul.2021) â Ecopetrol S.A. (BVC: Ecopetrol; NYSE EC) informs about the recovery of its operations in the upstream, midstream, downstream and sales and marketing […]
Venezuela Resorts To Upgraded Oil For Refineries
(Reuters, 8.Jul.2021) â Venezuela’s state-run oil company PDVSA has started producing two upgraded crude grades for domestic refining, aiming at reanimating the country’s much-needed output […]
LatAm Briefs: Rio Negro Drilling, Ecuador Production
(Energy Analytics Institute, 5.Jul.2021) â Energy briefs from the Latin America and Caribbean region including: plans to reactivate 77 wells in Argentinaâs RĂo Negro region, […]
Brazil’s Lower-Sulphur Fuel Booms In Asia
(Reuters, 1.Jul.2021) â Brazil is growing its marine fuel oil exports to Asia’s lucrative premium hubs, where rules mandating lower sulphur content have been squeezing […]
Venezuelan Oil Sector Still Confronts Headwinds
(Energy Analytics Institute, 29.Jun.2021) â Venezuela continues to confront headwinds from legal uncertainties to transparency issues to a new tariff on its bitumen exports to […]
Venezuela’s Oil Sector Needs Private Investors
(Energy Analytics Institute, 29.Jun.2021) â The private sector must be reintegrated to increase production in Venezuela as itâs the only viable way the country could […]
LatAm Briefs: Chile’s Green Plans, Venezuelan Oil Output
(Energy Analytics Institute, 29.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: Chile and Germany inking a green hydrogen deal, EP PetroEcuador […]
PDVSA Restarts Drilling Campaign Suspended Since 2019
(S&P Global, 29.Jun.2021) â In the second half of the year, Venezuela’s state-owned PDVSA will restart the drilling of oil wells while intensifying work to […]
US-EU-Canada Issue Joint Statement On Venezuela
(US State Department, 25.Jun.2021) â The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and […]
Looming Venezuela Talks Whet Investor Appetite
(Argus, 24.Jun.2021) â Venezuela is returning to the geopolitical stage after months out of the limelight. President Nicolas Maduro’s government and his political opponents are […]
Uncertainties In Venezuela Around Arrival Of More Iranian Gasoline
(Energy Analytics Institute, 22.Jun.2021) â Venezuelan economist JosĂ© Toro Hardy said it was unclear when additional Iranian tankers carrying gasoline would reach the South American […]
Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned
(Bloomberg, 21.Jun.2021) â In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that itâs hard to […]
US Rejects Maduro’s Call For Biden To Lift Venezuela Sanctions
(Bloomberg, 20.Jun.2021) â President Joe Bidenâs administration rejected Nicolas Maduroâs call for relief from U.S. sanctions, saying the Venezuelan leader needs to do more toward […]
Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures
(S&P Global, 18.Jun.2021) â After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether […]
Venezuela President Maduro Talks Sanctions, Economy: Transcript
(Bloomberg, 18.Jun.2021) â Venezuelan President Nicolas Maduro spoke to Bloomberg TVâs Erik Schatzker in an exclusive interview in Caracas at the Miraflores presidential palace. The […]
LatAm Briefs: Suriname Event, Iran-Venezuela Dealings
(Energy Analytics Institute, 11.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: Suriname oil summit tagging entrepreneurship, investor friendliness as key priorities, […]
PDVSA’s CardĂłn refinery producing between 40,000-50,000 b/d
CARACAS, VENEZUELA (Energy Analytics Institute, 10.Jun.2021, Words: 90) â The CardĂłn refinery operated by state-controlled Petroleos de Venezuela (PDVSA) in Punto Fijo, Venezuela is currently […]
Venezuelan Oil, Masked As Malaysian, Rushes Into China Ahead Fuel Tax
(Reuters, 3.Jun.2021) â Traders are racing to deliver record volumes of Venezuelan crude oil masked as Malaysian bitumen blend to China, ahead of new fuel […]
LatAm Briefs: EP PetroEcuador Tenders, Ofac License Extension To Chevron
(Energy Analytics Institute, 2.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: EP PetroEcuador generating $768mn thru ten tenders of Oriente and […]
Venezuela Adjusts As Sanctions Spur Western Oil Partners To Retreat
(Reuters, 1.Jun.2021) â Venezuelan state oil company PDVSA is turning to local partners as it seeks to plug the gap left by Western companies in […]
Venezuela Oil Exports Fell In May On Outages, Diluent Shortage
(Reuters, 1.Jun.2021) â Venezuela’s oil exports fell to 593,550 barrels per day (bpd) in May as a result of an outage in its main producing […]
LatAm Briefs: Ofac Venezuela, SEOGS2021 Kicks Off, Net Zero Summit
(Energy Analytics Institute, 1.Jun.2021) â Energy briefs from the Latin America and Caribbean region including: Ofac extending Chevronâs operating license in Venezuela; Microsoft founder, Bill […]
LatAm Briefs: Ecopetrol’s Barrancabermeja Refinery, Venezuela Oil Forecast
(Energy Analytics Institute, 26.May.2021) â Energy briefs from the Latin America and Caribbean region including: loads reported steady at Ecopetrolâs Barrancabermeja Refinery; and Venezuelaâs production […]
Maduro Receives Harsh Economic Blow From An Unlikely Source: China
(Miami Herald, 25.May.2021) â A recently approved Chinese tax might translate into a severe economic blow to the NicolĂĄs Maduro regime by almost doubling the […]
New Chinese Tax Narrows Venezuela’s Oil Export Options
(Argus, 17.May.2021) â A Chinese tax overhaul threatens to orphan up to 400,000 b/d of Venezuelan heavy sour crude that has been a lifeline for […]
Maduro Should Be Tried for Ecocide
(Foreign Policy, 14.May.2021) â It isnât uncommon to hear charges of âgenocideâ leveled at the government of Venezuelan President NicolĂĄs Maduro due to the humanitarian […]
Venezuela Needs $58bn To Restore Oil Output To 1998 Levels-Document
(Reuters, 10.May.2021) â Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before […]
LatAm Briefs: Venezuela Oil Output, Ecopetrol Tactical Hedges
(Energy Analytics Institute, 5.May.2021) â Energy briefs from the Latin America and Caribbean region including: Venezuelaâs rising crude oil production and tactical hedges in place […]
Former PDVSA Executive Ortega Gets Two Year Prison Sentence
(AP, 5.May.2021) â A former Venezuelan oil executive was sentenced to more than two years in prison for taking at least $12 million in bribes […]
Venezuelan Olive Branches Pressure US To Ease Sanctions
(Argus, 4.May.2021) â Venezuela’s government has incorporated the political opposition into its electoral board, another olive branch that puts pressure on the US administration to […]
LatAm Briefs: IPD On Sanctions On Venezuela, bpâs Looney On Transformation
(Energy Analytics Institute, 4.May.2021) â Energy briefs from the Latin America and Caribbean region including: IPD Latin Americaâs Managing Director David Voght on USâ sanctions […]
Venezuela’s Oil Exports Stabilize
(Reuters, 1.May.2021) â Venezuela’s April oil exports were flat at about 700,000 barrels per day (bpd) for the third month in a row, with three-quarters […]
Mexico Port Works On US-Sanctioned Tankers That Transport Venezuela’s Oil
(Reuters, 30.Apr.2021) â Three Cuban-flagged tankers that are under U.S. sanctions for transporting Venezuelan oil to the Communist-run island have been serviced in the port […]
Fitch Revises Citgo’s Outlook To Stable
(Fitch Ratings, 8.Apr.2021) â Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at ‘B’ and CITGO Holding (Holdco) at ‘CCC+’, […]
Venezuelan Oil Flow Recedes
(Argus, 8.Apr.2021) â Venezuelan crude production fell back in early April after state-owned PdV diverted limited diluent and light crude from Orinoco heavy oil operations […]
Nabarima FSO Completes Oil Offloading
(Reuters, 8.Apr.2021) â A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. […]
LatAm Briefs: Venezuelaâs 7+7 Quarantine, Elections In Peru
(Energy Analytics Institute, 5.Apr.2021) â Energy briefs from the Latin America and Caribbean region including: Venezuelaâs President Nicolas Maduro announces the start of another 7+7 […]
LatAm Briefs: Russia, Venezuela Boost Ties; YPF Meeting
(Energy Analytics Institute, 30.Mar.2021) â Energy briefs from the Latin America and Caribbean region including: Russia and Venezuela strengthening their cooperation and Argentinaâs state oil […]
Maduro’s Eyes Buying Vaccines With Oil
(Reuters, 28.Mar.2021) â Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about […]
Venezuela: “A Vision In Three Times”
(Energy Analytics Institute, 25.Mar.2021) â The webinar âVenezuela: a Vision in Three Timesâ on 25 March 2021 saw three speakers discuss the OPEC countryâs oil […]