(Reuters, 13.Aug.2020) â Crude exports from Venezuela are facing growing delays due to excess water and other impurities in cargoes loaded at state-run PDVSAâs main […]
Category: Venezuela
Venezuela energy
Venezuela’s Maduro doubling down on earnings from illicit means
HOUSTON, TEXAS (Ian Silverman and Piero Stewart, Energy Analytics Institute, 13.Aug.2020, Words: 966) â Venezuelaâs President Nicolas Maduro is doubling down on earning money through […]
Venezuela Is Boosting Oil Exports As Output Plummets
(Bloomberg, 13.Aug.2020) â Exports of crude oil, the commodity that bankrolls the regime of President Nicolas Maduro, are set to reach a four-month high of […]
PDVSA Takes Another Stab At Replenishing Gasoline
(Argus, 12.Aug.2020) â 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 […]
Oil Spill In Venezuela Stains Caribbean Beaches
(AP, 12.Aug.2020) â An oil spill in Venezuela has coated a stretch of the crisis-wracked nation’s Caribbean coastline, treasured for its white sand beaches, clusters […]
How Venezuela Lost Three Oil Supertankers
(Reuters, 11.Aug.2020) â A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American […]
Venezuela Oil Spill Reaches Morrocoy Beaches
(Energy Analytics Institute, 11.Aug.2020) â An oil spill said to have occurred at El Palito refinery, owned and operated by Venezuelaâs state oil company Petroleos […]
PDVSA Changes Deals To Add Shipping Amid Sanctions
(Reuters, 7.Aug.2020) â Venezuelan state-run oil firm PDVSA has begun offering to ship its own oil, figuring in the costs in crude supply deals to […]
US Charges Ex-Citgo Exec In Bribery Probe
(Reuters, 6.Aug.2020) â U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the […]
Venezuela’s July Oil Shipments Below 400 Mb/d
(Reuters, 3.Aug.2020) â Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as U.S. sanctions […]
Metor Pauses Venezuela Methanol Output
(Argus, 31.Jul.2020) â 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 […]
Two US Execs Go From Prison To House Arrest
(CNN, 31.Jul.2020) â Two American oil executives held in an overcrowded Venezuelan prison for almost three years have been placed in house arrest, a sign […]
Man Fatally Shot In Venezuela Gasoline Protest
(Reuters, 26.Jul.2020) â A man was shot and killed during a protest over gasoline shortages in eastern Venezuela on Saturday, officials and a local human […]
US Court Affirms Judgment Supporting CITGO Board
(Citgo, 22.Jul.2020) â PDV Holding, CITGO Holding, and CITGO Petroleum secured a swift and unanimous victory in the Delaware Supreme Court in the matter of […]
PDV Holdings Releases First-Ever Annual Report
(Citgo, 22.Jul.2020) â PDV Holding, Inc., the indirect sole stockholder of Citgo Petroleum Corporation, issued its first-ever annual report detailing financial and operational performance in […]
Global Gas Flaring At Levels Not Seen Since 2009
(World Bank, 21.Jul.2020) â Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion […]
Venezuelaâs Oil And Gas Sector Sees Worst Crisis
(Tradearabia News Service, 20.Jul.2020) â Venezuelaâs oil and gas sector was already caught in a vicious cycle well before the Covid-19 outbreak created a world […]
CITGO Names Edgar Rincon COO, Executive VP
(Citgo, 17.Jul.2020) â The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting […]
New Players Help Maduro Evade Tanker Sanctions
(AP, 13.Jul.2020) â 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 […]
US Ups Pressure To Push Venezuela Oil Exports To 0
(Oilprice.com, 13.Jul.2020) â The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump […]
US Swaps Venezuelan Fuel Oil For Russian Products
(Oilprice.com, 13.Jul.2020) â The United States has been raising its imports of fuel oil from Russia over the past year and a half after the […]
New Players Emerge In Venezuela Amid Sanctions
(AP, 13.Jul.2020) â As U.S. sanctions scare away the worldâs largest shippers from Venezuelaâs oil industry, new players are willing to brave the heightened risks […]
Reliance To Load Venezuelan Oil Under Fuel Swap Deal
(Reuters, 9.Jul.2020) â Indiaâs Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap […]
Venezuelaâs Oil Production Sinks To 300,000 b/d
(Argus, 3.Jul.2020) â Venezuela kicked off July with only around 300,000 b/d of crude production and no oil rigs in operation, according to a series […]
Venezuela Awaits New Products Cargo From Italy
(Argus, 3.Jul.2020) â Venezuela will receive another products cargo from Italy next week, highlighting the endurance of debt-related oil trade with EU companies that falls […]
Guaido Team Adds to PDVSA Ad Hoc Board
(Reuters, 1.Jul.2020) â Venezuela’s opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela […]
Politics Entangling Exile PdV Board
(Argus, 1.Jul.2020) â 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 […]
Venezuelan Crude Arrives At Milazzo
(Argus, 1.Jul.2020) â 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 […]
Venezuela’s Oil Exports Sank In June To 77-year Low: Data
(Reuters, 1.Jul.2020) â Venezuelaâs oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid the threat […]
Venezuela Tightens Grip On Fuel Stations
(Reuters, 28.Jun.2020) â Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences âat any timeâ, only weeks after […]
PDVSA Weighs Plan To Pay For Refinery Work With Fuel
(Reuters, 25.Jun.2020) â Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country’s refineries […]
Tankers With Venezuelan Oil Stuck At Sea
(Reuters, 24.Jun.2020) â Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nationâs crude to […]
Tankers With Venezuelan Oil Unable To Unload
(Sputnik, 24.Jun.2020) â Earlier this month, the US Treasury Department announced that it was imposing Venezuela-related sanctions against four companies and four oil tankers belonging […]
Russia Backs Venezuela In Fight Against US
(Newsweek, 24.Jun.2020) â Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean […]
Venezuela Wooed Texan Lawmaker To Ease Sanctions
(AP, 22.Jun.2020) â Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
Venezuela Wooed Texas Lawmaker To Ease Sanctions
(AP, 20.Jun.2020) â Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same […]
End of Venezuelaâs Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) â Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduroâs embattled regime. Crude […]
End Of Venezuelaâs Oil Fortune Looms Over Maduro
(Bloomberg, 20.Jun.2020) â Oil revenue, the financial lifeline of Venezuela, is quickly drying up, adding to the growing instability of Nicolas Maduroâs embattled regime. Crude […]
Guaido Team Favoring COP In Citgo Fight: Update
(Argus, 19.Jun.2020) â Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
Guaido Team Favoring COP In Citgo Fight
(Argus, 19.Jun.2020) â Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for […]
US Sanctions Mexican Cos. Helping Venezuelan Oil
(Bloomberg, 18.Jun.2020) â 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 […]
Treasury Targets Sanctions Evasion Network Supporting Corrupt Venezuelan Actors
(US Department of Treasury, 18.Jun.2020) â Today, the U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) designated three individuals and eight foreign […]
Venezuela’s Oil Exports Fall As Contracts Get Suspended
(Reuters, 16.Jun.2020) â Venezuelaâs oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 […]
Iran To Keep Offloading Fuel Glut To Venezuela
(Reuters, 15.Jun.2020) â Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply […]
Venezuelaâs Oil Production In Free Fall
(Energy Analytics Institute, 15.Jun.2020) â Venezuelaâs production of crude oil continues in a free fall, reaching 411,900 barrels per day on 15 June 2020, down […]
Venezuelaâs Oil Plunges To Lowest Level Since 1945
(Bloomberg, 13.Jun.2020) â Oil production in Venezuela, the country with the worldâs largest reserves of crude, has fallen to a 75-year low with U.S. sanctions […]
In Venezuela, One Rig Works Worldâs Biggest Reserves
(Bloomberg, 11.Jun.2020) â Venezuelaâs fall from oil superpower to failing producer can be illustrated in one image: a single drilling rig working the worldâs largest […]
Wave Of Venezuelan Oil Stalled At Sea
(Argus, 10.Jun.2020) â Vessel tracking data shows a fleet of 44 international tankers on the water holding 40.5mn bl of Venezuelan oil as shipowners face […]
Restart Of Virgin Islands Refinery Delayed Again
(Argus, 10.Jun.2020) â The restart of an oil refinery in the US Virgin Islands is poised for another delay because of pandemic restrictions. The refinery […]
Guaido Team Promises Fuel Surge In Venezuela
(Argus, 8.Jun.2020) â Venezuela’s US-backed political opposition is promising to restore stable fuel supply in two weeks if it takes power, kicking off with crude-for-products […]