Maduro

Maduro demands oil sanctions be lifted before elections take place

December 1, 2022

Oil Price Venezuela’s President Nicolas Maduro called on Wednesday for the lifting of all sanctions against the country’s oil industry before he discusses the holding of free elections with the opposition. This weekend, the U.S. Administration eased some of the sanctions, allowing U.S. supermajor Chevron to resume limited natural resource extraction operations in Venezuela and oil and petroleum product exports to the United

Exclusive: Oil tankers turn away from Venezuela as more sanctions loom

June 9, 2020

Reuters Two tankers that were sailing toward Venezuela to load crude have turned around since the weekend and three other vessels have left Venezuelan waters as the United States considers blacklisting dozens of ships for transporting the country’s oil, according to shipping data and industry sources. Washington is considering imposing sanctions on tankers involved in exporting Venezuela’s oil as the

U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg- oil and gas 360

Venezuela Begins Expansion of Crude Joint Venture with China

August 9, 2019

From Reuters A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said on Thursday, from a current capacity of 110,000 bpd. Sinovensa, owned by PDVSA subsidiary Venezuelan Petroleum Corp (CVP) and China National Petroleum Corp (CNPC), produces extra-heavy Orinoco crude and blends

U.S. Restricts Exports of Oil Diluents to Venezuela - Oil & Gas 360

Venezuela’s Guaido Pledges to Protect Chevron Assets if Trump Does Not Renew License

July 24, 2019

From Reuters Venezuelan opposition leader Juan Guaido said on Tuesday he would seek to protect Chevron Corp’s (CVX.N) assets in the country if the United States does not renew a license allowing the company to operate despite sanctions on the OPEC nation’s oil sector. The Trump administration slapped sanctions on state oil company PDVSA [PDVSA.UL] in January as part of

Russia Comes to Maduro’s Rescue After U.S. Sanctions Hit

March 5, 2019

From Bloomberg Just as Venezuelan state-run oil company PDVSA was running out of an obscure product needed to thin out its crude and keep exports flowing in the wake of U.S. sanctions, Russia is coming to the rescue. Rosneft Oil Co. PJSC, the Moscow-based company controlled by Vladimir Putin’s government, is sending the first cargoes of heavy naphtha to Venezuela

Venezuela: Maduro Will Talk to Opposition, but Rejects Calls for New Vote

January 30, 2019

Maduro willing to talk to opposition, but rejects calls for new vote