Post Tagged with: "President Nicolas Maduro"

Source: Reuters

U.S. Treasury Department gives Chevron new license to wind down Venezuela activities by June 3


WASHINGTON – The U.S. Treasury Department on Tuesday issued a new license to Chevron Corp, the last major U.S. oil company still operating in Venezuela, giving it until June 3 to wind down its joint ventures in the OPEC …

Source: Houston Chronicle

Seized oil cargo is latest twist in Venezuela’s political fight

Houston Chronicle

A crude tanker stuck at sea for over a year has become the latest front in the battle over Venezuela’s oil riches after being seized last week.

Citgo Petroleum Corp., led by appointees of Venezuelan opposition leader Juan …

February 17, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

Panama Canal Will Not Block Venezuela Vessels Despite U.S. Sanctions

From Reuters

The Panama Canal will continue authorizing vessels coming from Venezuela provided they present the necessary paperwork, the waterway’s chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American nation should not make a …

Source: Reuters

Venezuela Begins Expansion of Crude Joint Venture with China

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, …