Category: Venezuela
Venezuela energy
Venezuela’s Refinery Woes Send Fuel Imports Soaring -Internal Documents
(Reuters, Marianna Parraga, 6.Dec.2018) — Venezuela this month plans to import over 300,000 barrels per day (bpd) of refined products to ease domestic fuel shortages caused by hobbled refineries and need to prioritize exports, according to internal documents seen by Reuters. The country with the world’s largest crude reserves this […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said on Tuesday. The supermajor announced its tenth Guyana discovery this week, increasing the discovered recoverable resource in its Stabroek […]
India’s ONGC Gets $32 Million Payment From PDVSA
(Reuters, 5.Dec.2018) — India’s Oil and Natural Gas Corp (ONGC) has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior […]