Venezuela Archives - Page 24 of 43 - Energy Analytics Institute (EAI)

Venezuela’s Gasoline System Fails To End Epic Lines

(Reuters, 7.Jun.2020) — Hundreds of Venezuelans queued up in miles-long lines to try to fill their cars with subsidized gasoline over the weekend, a week […]

Chevron Oil Tangled In US Sanctions On Venezuela

(Reuters, 5.Jun.2020) — A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with […]

OPEC+ To Meet Saturday On Extending Cuts

(Reuters, 5.Jun.2020) — OPEC and its allies led by Russia will meet on Saturday to discuss extending record oil production cuts and to push laggards […]

Iran’s Message To US With Venezuela Oil Shipments

(Financial Times, 4.Jun.2020) — For the Islamic republic, it was a mission fraught with risk: send five Iranian-flagged fuel tankers through some of the world’s […]

US Sanctions Four Firms For Transporting Venezuelan Oil

(Aljazeera, 2.Jun.2020) — The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in […]

Venezuela’s Oil Exports Sink To 17-year Low On Sanctions

(Reuters, 2.Jun.2020) — Venezuela’s oil exports plummeted in May to their lowest level since 2003 as U.S. sanctions choked exports and two Mexican firms that […]

Mexico Probes Libre Abordo Pact With Venezuela

(Reuters, 2.Jun.2020) — The Mexican government’s financial crime department is investigating Libre Abordo, a Mexico-based firm that received millions of barrels of Venezuelan crude under […]

CITGO Proposes $750mn Private Offering

(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 […]

Venezuela Rolls Out Two-tiered Fuel Pricing

(Argus, 1.Jun.2020) — A two-tiered gasoline pricing system rolled out by Venezuela today maintains generous subsidies for limited volumes but allows private-sector operators to charge […]

Libre Abordo Announces Bankruptcy

(Reuters, 31.May.2020) — Mexico-based company Libre Abordo said on Sunday it was bankrupt and that Venezuelan President Nicolas Maduro had terminated an oil-for-food agreement that […]

Venezuela, In Historic Shift, Scales Back Fuel Subsidy

(WSJ, 31.May.2020) — The regime of Nicolás Maduro, grappling with intense gasoline shortages, said it will scale back its longstanding fuel subsidy and privatize service […]

Trinidad-Venezuela Ties Omit Natural Gas For Now

(Argus, 29.May.2020) — Trinidad and Tobago declared explicit support for Venezuela’s US-sanctioned government this week, but the political ties will not revive natural gas cooperation […]

Tanker Petunia Accompanied By Air Force

(Energy Analytics Institute, Piero Stewart, 29.May.2020) — Venezuelan military aircraft accompanied the Iranian tanker Petunia to a dock located on the OPEC country’s shores, announced […]

Tanker Faxon Docks At Guaraguao Complex

(Energy Analytics Institute, Piero Stewart, 29.May.2020) — The Iranian tanker Faxon, the fourth of a flotilla of five, docked at the Guaraguao refining complex in […]

US Threatens Sanctions to Deter Iranian Tankers

(Dow Jones, 29.May.2020) — U.S. authorities have threatened tankers carrying Iranian fuel to Venezuela with sanctions, aiming to thwart a burgeoning economic alliance between two […]

Maduro Considers Charging Citizens More For Petrol

(Al Jazeera, 28.May.2020) — Venezuela’s president hints that he could start charging for petrol, which is usually practically free for citizens. Venezuela’s President Nicolas Maduro […]

Q&A: PdV Exile Board Has ‘Levers’ To Keep Citgo

(Argus, 28.May.2020) — Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela’s state-owned PdV. Appointed by the […]

Op-Ed: My Love Affair With Tulsa University

(Gustavo Coronel, 27.May2020) — An April morning in 1951, I left New York City for Tulsa, Oklahoma. I had been studying English for 15 weeks […]

Maduro Sends Iranian Oil To Cuba

(Panam Post, 27.May.2020) — A Cuban vessel arrived in Venezuela to allegedly provide the island gasoline that has just arrived from Iran. According to the […]

Maduro Vows To Raise Venezuelan Gasoline Price

(Reuters, 27.May.2020) — Venezuelan President Nicolas Maduro on Wednesday pledged to begin charging citizens for gasoline, as the fourth cargo of a five-tanker flotilla bringing […]

Third Iranian Fuel Cargo Approaches Venezuela

(Reuters, 26.May.2020) — The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela was approaching the nation’s exclusive economic zone on Tuesday […]

Second Iranian tanker Forest reaches Venezuelan loading dock

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, Piero Stewart, 26.May.2020, Words: 76) — The Iranian tanker Forest docked at the Cardon refinery located in the […]

Iranian Tanker Fortune Docks In Puerto Cabello

(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The Fortune Iranian fuel tanker reached Pier 4 of PDVSA’s El Palito Refinery located in Puerto Cabello in […]

Iranian Tanker Fortune Reaches Venezuela Waters

(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and fuel additives, Fortune, has made it to Venezuela’s Exclusive […]

First Iranian Tanker Reaches El Palito Refinery

(Energy Analytics Institute, Piero Stewart, 25.May.2020) — The first of five Iranian tankers carrying gasoline and additives for making fuel from Iran to Venezuela has […]

Maduro Thanks Iran For Tanker Shipments

(Energy Analytics Institute, Piero Stewart, 24.May.2020) — Venezuela’s President Nicolás Maduro announced gratitude to the Iran Republic for the shipments of gasoline and fuel additives […]

PdV’s Board Of Exiles Loses Two Technocrats

(Argus, 21.May.2020) — Two members of the parallel board of Venezuela’s national oil company PdV have resigned, a development that exposes brewing frustration in the […]

US Seeks Ways To Halt Iran’s Oil Sales To Venezuela

(Wall Street Journal, 20.May.2020) — The Trump administration is weighing new sanctions and other legal steps to disrupt Iranian oil exports to Venezuela, U.S. officials […]

PdV Restarts Coker For Export Via Cuba

(Argus, 20.May.2020) — State-owned PdV has partially restarted a 70,000 b/d delayed coker which had been off line for over a year at its 305,000 […]

Iran’s Oil Supply To Venezuela Eases Glut

(Argus, 19.May.2020) — Iran’s gasoline shipments to Venezuela are helping to ease a supply glut at home, where demand has collapsed because of strict measures […]

US Court Declines To Hear Appeal In Crystallex Case

(Reuters, 18.May.2020) — The U.S. Supreme Court on Monday declined to hear Venezuela’s appeal of a lower court ruling allowing Canadian gold mining company Crystallex […]

Five Iran Tankers Sailing For Venezuela

(AP, 18.May.2020) — Five Iranian tankers likely carrying at least $45.5 million worth of gasoline and similar products are now sailing to Venezuela, part of […]

Venezuela Spurned By US Court In Citgo Clash

(Bloomberg, 18.May.2020) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting […]

PdV Keeps Nynas Board Seat After Restructuring

(Argus, 13.May.2020) — Venezuela’s state-owned PdV has retained one seat on the new corporate board of European specialty refiner Nynas after a restructuring that freed […]

Are Venezuelan Oil Exports Poised For A Comeback?

(Oilprice.com, 13.May.2020) — As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with […]

FBI Probes Firms Over Venezuela Oil Trading

(Reuters, 13.May.2020) — The FBI is probing several Mexican and European companies allegedly involved in trading Venezuelan oil as it gathers information for a U.S. […]

Fuel Cargo Loaded At Iran Sets Sail To Venezuela

(Reuters, 13.May.2020) — At least one tanker carrying fuel loaded at an Iranian port set sail to crisis-stricken Venezuela, according to vessel tracking data from […]

Nynas Exits US Sanctions

(Nynas, 12.May.2020) — The US Treasury Department’s Office of Foreign Asset Control (OFAC) announced today that Nynas is no longer being blocked pursuant to the […]

Nynas: Removal Of Venezuela-related License

(OFAC, 12.May.2020) — The Department of the Treasury’s Office of Foreign Assets Control (OFAC) is revoking and archiving on its website Venezuela-related General License (GL) […]

PDVSA Allocates Oil Cargoes To Partner At Petrozamora

(Reuters, 12.May.2020) — A joint venture partner of state oil company PDVSA, GPB Global Resources BV, has received at least two cargoes of Venezuelan crude […]

Venezuelan Oil Plan Runs Aground

(Argus, 8.May.2020) — A sweeping proposal to draw investment into an Opec nation would normally turn some heads. That is what Venezuela’s US-backed political opposition […]

PdV Rolls Out New JV Presidents

(Argus, 4.May.2020) — Venezuela’s state-owned PdV rolled out the appointment of up to 26 new presidents of joint ventures that are mostly inactive. The appointments, […]

Venezuela Oil Output Sliding, Fields Shut Due To Fire

(Reuters, 4.May.2020) — Venezuela’s oilfields produced 687,000 barrels of crude last Saturday, up from 653,000 barrels on Friday but below the 718,000 barrels per day […]

PDV Holding And Aruba Govt To End Refinery Project

(PDV Holding, 1.May.2020) — PDV Holding, Inc., and the Government of Aruba/Refineria di Aruba (RDA) today executed an amicable termination agreement in relation to the […]

US Seeks To Investigate Mexico Oil-For-Food Pact

(Reuters, 29.Apr.2020) — The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in […]

Is PDVSA Abandoning Its Socialist Agenda?

(Oilprice.com, 29.Apr.2020) — Venezuela seems to be changing tactics when it comes to managing its oil resources. PDVSA is considering a major industry reform that […]

Fire Reduces Venezuelan Heavy Crude Flow

(Reuters, 28.Apr.2020) — The latest fire to erupt at one of Venezuelan state-owned PdV’s oil installations has temporarily knocked out up to 130,000 b/d of […]

PDVSA Proposes Selling Oil Assets To Private Sector

(Forbes, 28.Apr.2020) — In a total about-face on the “socialism” and “communism” and the Yankee-Go-Home attitude of the ruling Socialists United of Venezuela (PSUV), the […]

Venezuela Floats Lean PdV With Russia Unit

(Argus, 27.Apr.2020) — The two Maduro loyalists who have been effectively running Venezuela’s national oil industry for two months were officially appointed today as acting […]

Iran Ships Material To Help Repair PDVSA Refinery

(Reuters, 23.Apr.2020) — Venezuela has received refining materials via plane shipment from Iran to help it start the catalytic cracking unit at the 310,000 barrels-per-day […]