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Sunday, September 20th, 2020
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Tag Archives: PDVSA

Venezuela Defies U.S. Sanctions With First Iranian Oil Import (VIDEO)

Oil tanker at terminal

BLOOMBERG, SEPTEMBER 14, 2020 Ship is discharging Iranian condensate at PDVSA terminal | Venezuela’s oil production is at lowest level since 1910s By Lucia Kassai and Fabiola Zerpa for Bloomberg – An oil tanker is discharging Iranian condensate for Venezuela as both countries continue to avoid U.S. sanction tripwires. The ship is identified in internal documents as Honey, according to a report and …

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Oil Storage Tanker Threatening To Sink Off Venezuela

Oil tanker

PortandTerminal.com, September 1, 2020 A Floating Storage and Offloading (FSO) tanker off the coast of Venezuela is taking on water and threatening to sink, according to Eudis Girot, the head of the Unitary Federation of Petroleum Workers of Venezuela (FUTPV). In a social media post Sunday, Girot warned that the FSO Nabarima has about 1.3 million barrels of crude oil on board. She …

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Venezuela tightens grip on fuel stations after subsidy reform

cars. fence. darkness

REUTERS, JUNE 28, 2020 CARACAS – Venezuelan state oil firm PDVSA has told independent gas station operators it can revoke their licences “at any time”, only weeks after it cut generous fuel subsidies and as widespread shortages take hold, a notification PDVSA sent to the operators showed. PDVSA has a monopoly over the wholesale fuel distribution market and owns almost …

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Is Venezuela still a mess? Yes. Here’s what’s going on with its oil industry now

PortandTerminal.com, October 15, 2019 Venezuela can’t sell its oil and storage tanks are full — so it’s giving it away to Cuba PortandTerminal.com, October 15, 2019 MIAMI, FL – With the recent oil market gyrations happening in the Middle East lately Venezuela has fallen out of the day to day spotlights of “countries in a deep mess”. Is Venezuela still …

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Chevron allowed to keep drilling in Venezuela for another 3 months

PortandTerminal.com, July 28, 2019 President Trump has renewed Chevron’s license to drill for oil in the embattled South American country for at least 3 more months. WASHINGTON – The Trump administration said on Friday that it has renewed Chevron Corp’s licence to drill for oil and gas in Venezuela despite sanctions, signalling that it sees value in having the US oil producer …

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