(Wall Street Journal, 2.Sep.2020) — A prominent Venezuelan opposition figure on Wednesday said he is supporting congressional elections in December that Juan Guaidó, the opposition leader backed by the U.S., has pledged to boycott. The decision by Henrique Capriles to support the elections is a major fissure in a movement […]
Tag: Turkey
Turkey Nets Largest-ever Find At Tuna-1
(WoodMac, 21.Aug.2020) — A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural […]
Sisi Wins Approval For Possible Libya Intervention
(Reuters, 20.Jul.2020) — Egypt’s parliament gave President Abdel-Fattah al-Sisi the green light for possible military intervention in Libya by approving the deployment of armed forces abroad to fight “terrorist groups” and “militias”. A sharp military escalation in Libya, where fighters led by eastern commander Khalifa Haftar have been battling the […]
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 b/d Cardon refinery, three PdV and oil union officials said. Once the coking unit operations have stabilized, PdV plans to ship the coke to Cuban […]
Turkish Ship Company Is Transporting Venezuelan Crude
(Argus, 4.Apr.2019) — Turkey-based Gungen is one of a handful of shipowners that continues to transport Venezuelan crude oil after the US levied sanctions on the South American country’s state-owned oil company PdV in January. Most major oil tanker operators have turned away from Venezuelan crude because of legal, safety […]
Venezuela’s Maduro Introduces Petro in Turkey
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) – Venezuela’s President Nicolás Maduro introduced ‘el petro’ during a presentation in Turkey. Maduro reiterated that the Petro crypto-currency is based or backed by an entire block located in Hugo Chavez Orinoco Heavy Oil Belt, or the Faja, which contains more than five billion […]
Venezuela, Turkey Discuss Oil Supply
(Energy Analytics Institute, Piero Stewart, 14.Jul.2018) – Venezuela’s President Nicolás Maduro announced the two countries could soon sign a new oil agreement. “A new agreement thereon shall be signed pretty soon,” reported PDVSA in an official statement, citing Maduro. No specifics were provided in the statement. ***