(Reuters, 22.Mar.2021) — A unit of Venezuelan state oil company PDVSA on the Dutch Caribbean island of Bonaire has declared bankruptcy, citing the impact of U.S. sanctions on Venezuela, a court filing showed. In a March 9 filing published last week by the Court of First Instance of Bonaire, Sint […]
Tag: BOPEC
Bonaire Eyes Curacao Model To Sell Venezuelan Oil
(Argus, 28.Aug.2020) — Another Dutch Caribbean island is racing to safeguard and possibly sell Venezuelan fuel oil before a US sanctions window closes in December. Bonaire hosts Venezuelan state-owned PdV’s 10mn bl Bopec oil terminal, one of the few offshore assets that remains in the Caracas-based company’s hands. Following years […]
Venezuela Dodges Oil Asset Seizures
(Reuters, Marianna Parraga, Mircely Guanipa, 7.Aug.2018) – Reuters) – Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures. But the OPEC member nation is still fulfilling […]