Venezuela seeks raising oil supplies to India to counter US sanctions
5 years, 11 months ago

Venezuela seeks raising oil supplies to India to counter US sanctions

Deccan Chronicle  

Greater Noida: Battling crippling US sanctions, Venezuela on Monday said it wants to sell more crude oil to India as it looked at the world's third-biggest oil consumer to boost revenues. Venezuelan Oil Minister and President of the Latin American state-run oil company PDVSA Manuel Quevedo hinted at being open for an alternative payment mechanism to circumvent US sanctions. He said US sanctions have cost the Latin American country's economy USD 20 billion and wants to sell more crude oil to India. Quevedo, who met Oil Minister Dharmendra Pradhan on the sidelines of the conference, said Venezuela has a "healthy relationship" with India.

India Relationship Oil Sanctions Venezuela Venezuelan Continue Quevedo Opec Pdvsa Us Sanctions  counter  supplies  seeks  india  relationship  pdvsa  petroleum  sanctions  continue  oil  venezuela  minister  trade  raising

History of this topic

Reliance, Venezuela’s PDVSA resume oil swap under U.S. authorisation, shows document
3 weeks, 6 days ago

Reliance, Venezuela’s PDVSA resume oil swap under U.S. authorisation, shows document

The Hindu  

“Reliance Industries and Venezuela’s state oil company PDVSA have resumed an oil swap that had been paused owing to U.S. sanctions on the South American country,” according to an internal PDVSA document showed on Thursday Reliance and other refiners had imported Venezuelan oil earlier this year under a broad U.S. license that expired in April. Reliance Industries denies any cash …

India's Modi seeks energy security from Guyana and its vast oil deposits
1 month, 3 weeks ago

India's Modi seeks energy security from Guyana and its vast oil deposits

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Indian Prime Minister Narendra Modi …

Venezuela arrests a former oil czar and accuses him of working with the US to undermine the industry
2 months, 3 weeks ago

Venezuela arrests a former oil czar and accuses him of working with the US to undermine the industry

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Venezuela's top prosecutor on Monday …

Venezuela under Maduro — authoritarianism and economic chaos | Data
5 months ago

Venezuela under Maduro — authoritarianism and economic chaos | Data

The Hindu  

On July 28, Venezuela’s President Nicolas Maduro returned to power after a controversial election, whose results have been disputed by the Opposition and several countries. Chart 1 shows how Venezuela’s GDP started declining since Mr. Maduro’s ascent to power in 2013. As Chart 4 shows, Venezuela’s petroleum exports formed about 80% of the country’s exports and remained in the range, …

Ballots and barrels: Why the July 28 Venezuelan elections are important for India
5 months, 2 weeks ago

Ballots and barrels: Why the July 28 Venezuelan elections are important for India

Firstpost  

A free and fair election might ease sanctions and bolster India’s oil imports from Venezuela, while a tainted victory for Maduro could plunge the Latin American country deeper into crisis The Venezuelan presidential elections are scheduled for Sunday. Indian companies have long-term contracts to import Venezuelan oil, which helps diversify India’s oil supply sources away from the Middle East and …

Reliance Industries gets US approval to continue crude oil import from Venezuela amid sanctions
5 months, 3 weeks ago

Reliance Industries gets US approval to continue crude oil import from Venezuela amid sanctions

Op India  

In a significant development, Reliance Industries Ltd., India’s largest privately held oil refiner, has obtained US approval to resume importing oil from Venezuela amid White House sanctions against the country. Notably, when President Nicolas Maduro and the opposition inked a deal to ensure free and fair elections last year, the United States temporarily lifted sanctions on the South American country’s …

Venezuela denounces, rejects US seizure of Citgo oil firm
6 months, 4 weeks ago

Venezuela denounces, rejects US seizure of Citgo oil firm

China Daily  

Xinhua | Updated: 2024-06-18 09:50 CARACAS -- The Venezuelan government on Monday expressed its strong condemnation of the US authorities' process of "seizure of Citgo Petroleum Corporation." The government of Venezuela and PDVSA were excluded from the judicial sale of Citgo and were prevented from defending their rights before US courts," said the Venezuelan government in a statement. It added …

Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom
8 months, 3 weeks ago

Billionaire Texas oilman inks deal with Venezuela’s state-run oil giant as US sanctions loom

Associated Press  

MIAMI — A company started by a Texas billionaire oilman announced a deal Wednesday with Venezuela’s state-owned oil company to rehabilitate five aging oil fields, days after the Biden administration put a brake on sanctions relief over concerns about the fairness of the country’s upcoming presidential election. It was created last year as a result of a merger with a …

US reimposes oil sanctions against Venezuela over election concerns
8 months, 4 weeks ago

US reimposes oil sanctions against Venezuela over election concerns

Al Jazeera  

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms. “ Nicolas Maduro and his representatives have not fully met the commitments made under the electoral roadmap agreement,” said US Department of State spokesperson Matthew Miller. “Therefore, General License 44 – which authorised transactions related to the oil and gas …

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
8 months, 4 weeks ago

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

Associated Press  

MIAMI — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. “There’s no sanction, no threat, that today can damage our efforts to build a …

Venezuela accuses US of ‘blackmail’ over sanctions
11 months, 2 weeks ago

Venezuela accuses US of ‘blackmail’ over sanctions

Al Jazeera  

The US reimposed sanctions after a ban blocking the candidacy of the opposition in Venezuela’s elections was upheld. Venezuela has criticised Washington’s decision to reimpose oil and gas sanctions and warned it could halt deportation flights for Venezuelan migrants who are in the United States without documents. “If they take the wrong step of intensifying the economic aggression against Venezuela …

India welcomes return of Venezuelan oil to market: Puri
1 year, 1 month ago

India welcomes return of Venezuelan oil to market: Puri

The Hindu  

Tapping into Latin America nations will help India diversify its import basket, with industries like IOC and HMEL securing 4 million barrels of Venezuelan oil in February “India, the world’s third largest oil consuming and importing nation, welcomes the return of Venezuelan oil to the market after sanctions on the Latin American nation were eased”, Petroleum Minister Hardeep Singh Puri …

Tensions are soaring between Guyana and Venezuela over a territorial dispute. Here’s what to know
1 year, 1 month ago

Tensions are soaring between Guyana and Venezuela over a territorial dispute. Here’s what to know

Associated Press  

CARACAS, Venezuela — A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Venezuelan lawmaker Diosdado Cabello holds the new map of Venezuela with the Essequibo territory, a large swath of land that is administered and controlled by Guyana but claimed by Venezuela, during a session at the National Assembly in Caracas, …

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo
1 year, 1 month ago

Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Venezuelan President Nicolás Maduro on …

U.S. to ease Venezuela oil, gas sanctions after election deal
1 year, 2 months ago

U.S. to ease Venezuela oil, gas sanctions after election deal

The Hindu  

The United States will ease some oil and gas sanctions against Venezuela after the South American country's government and opposition agreed to hold elections next year. In response to those "democratic developments," the U.S. Treasury Department "has issued General Licenses authorizing transactions involving Venezuela's oil and gas sector and gold sector," and is "removing the ban on secondary trading" in …

US eases oil, gas and gold sanctions on Venezuela after electoral roadmap signed
1 year, 2 months ago

US eases oil, gas and gold sanctions on Venezuela after electoral roadmap signed

Associated Press  

WASHINGTON — In response to Venezuela’s government and a faction of its opposition formally agreeing to work together to reach a series of basic conditions for the next presidential election, the U.S. agreed Wednesday to temporarily suspend some sanctions on the country’s oil, gas and gold sectors. The U.S. Treasury issued a six-month general license that would temporarily authorize transactions …

Shadowy brokers walk off with billions in Venezuelan oil
1 year, 9 months ago

Shadowy brokers walk off with billions in Venezuelan oil

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It would be very difficult for even a …

Venezuela’s gov, opponents resume talks; US eases sanction
2 years, 1 month ago

Venezuela’s gov, opponents resume talks; US eases sanction

Associated Press  

MEXICO CITY — Venezuela’s government and its opposition on Saturday agreed to create a U.N.-managed fund to finance health, food and education programs for the poor, while the Biden administration eased some oil sanctions on the country in an effort to boost the newly restarted talks between the sides. Venezuelan resources held in the international financial system will be directed …

Biden eases Venezuela sanctions as opposition talks resume
2 years, 1 month ago

Biden eases Venezuela sanctions as opposition talks resume

Associated Press  

WASHINGTON — The Biden administration on Saturday eased some oil sanctions on Venezuela in an effort to support newly restarted negotiations between President Nicolás Maduro’s government and its opposition. The Treasury Department is allowing Chevron to resume “limited” energy production in Venezuela after years of sanctions that have dramatically curtailed oil and gas profits that have flowed to Maduro’s government. …

US eases Venezuela oil sanctions after gov’t, opposition ink deal
2 years, 1 month ago

US eases Venezuela oil sanctions after gov’t, opposition ink deal

Al Jazeera  

The easing of sanctions comes after the Venezuelan government and the opposition signed an accord to set up a UN-mandated fund. The Biden administration on Saturday eased some oil sanctions on Venezuela after the government of Nicolas Maduro and the opposition signed a broad ‘social accord’ to create a UN-administered fund to provide humanitarian aid to the Venezuelan people. The …

The U.S. is trying to mend ties with Venezuela. One big reason? Oil
2 years, 2 months ago

The U.S. is trying to mend ties with Venezuela. One big reason? Oil

NPR  

The U.S. is trying to mend ties with Venezuela. In response to a crackdown on democracy by Venezuela's authoritarian leader Nicolás Maduro, Washington in 2019 placed sanctions on the country's vital oil sector. Over Thanksgiving weekend, the U.S. Treasury announced it would authorize U.S.-based Chevron to resume limited oil operations in Venezuela after the Maduro regime and the political opposition …

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ
2 years, 3 months ago

US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ

Al Jazeera  

Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says. The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported. Under the proposed deal, the Biden administration would ease some sanctions in exchange for …

US officials back in Venezuela in a bid to rebuild ties
2 years, 6 months ago

US officials back in Venezuela in a bid to rebuild ties

Associated Press  

CARACAS, Venezuela — Senior U.S. government officials have quietly traveled to Caracas in the latest bid to bring home detained Americans and rebuild relations with the South American oil giant as the war in Ukraine drags on, forcing the U.S. to recalibrate other foreign policy objectives. President Nicolás Maduro confirmed the visit during televised remarks, saying the delegation would meet …

Democratic or not, it is not America's call
2 years, 6 months ago

Democratic or not, it is not America's call

China Daily  

File photo shows the White House and a stop sign in Washington DC, the United States. In 2015, Barack Obama signed a presidential order stating that Venezuela posed an "extraordinary threat to the national security" of the US, allowing the US government to impose sanctions on Venezuela. In 2002, two months after the former CIA director George Tenet declared that …

Biden renews sanctions license for Chevron in Venezuela
2 years, 7 months ago

Biden renews sanctions license for Chevron in Venezuela

Associated Press  

MIAMI — The Biden administration has renewed a license partially exempting Chevron from sanctions on Venezuela so it can keep operating in the oil-rich, socialist-run nation. The license issued Friday by the U.S. Treasury Department allows the California-based Chevron and other U.S. companies to perform only basic upkeep of wells it operates jointly with state-run oil giant PDVSA, dashing the …

US to ease a few economic sanctions against Venezuela
2 years, 7 months ago

US to ease a few economic sanctions against Venezuela

Associated Press  

CARACAS, Venezuela — The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro. Maduro himself is under indictment in the United States, accused of conspiring “to flood the United States with cocaine” and use the drug trade …

US moves to ease a few economic sanctions on Venezuela
2 years, 7 months ago

US moves to ease a few economic sanctions on Venezuela

Al Jazeera  

The limited changes will allow Chevron Corp to negotiate its licence with the state-owned oil company, Petroleos de Venezuela. The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the US-backed opposition and the government of President Nicolás Maduro. The limited changes will allow Chevron Corp to …

Venezuela’s Maduro, others meet with Iran oil minister
2 years, 8 months ago

Venezuela’s Maduro, others meet with Iran oil minister

Associated Press  

CARACAS, Venezuela — President Nicolás Maduro and other high-ranking Venezuelan officials have met with the oil minister of Iran to discuss cooperation in energy matters and efforts to defeat economic sanctions imposed by the U.S. and its allies. Venezuelan Petroleum Minister Tareck El Aissami praised “the position assumed by the Persian nation in the construction of routes and mechanisms to …

Pressure builds on Biden to repay Venezuela’s goodwill moves
2 years, 10 months ago

Pressure builds on Biden to repay Venezuela’s goodwill moves

Associated Press  

MIAMI — Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents. While the Biden administration is saying little about what was discussed behind closed doors, a smug Maduro — who has sought face-to-face talks with the U.S. for years — …

Possible Russia oil embargo drives US outreach to Venezuela
2 years, 10 months ago

Possible Russia oil embargo drives US outreach to Venezuela

Associated Press  

MIAMI — Senior U.S. officials secretly traveled to Venezuela over the weekend in a bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could mitigate the fallout at the pump from a possible oil embargo on Russia. But the impetus for a risky outreach to Maduro …

How Venezuela this year almost doubled its oil output
3 years ago

How Venezuela this year almost doubled its oil output

Al Jazeera  

Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over old debts and later obtaining steady supplies of a key diluent from Iran. Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. PDVSA’s …

India in talks with us for long-term crude supply: Guyanese Minister
3 years, 8 months ago

India in talks with us for long-term crude supply: Guyanese Minister

The Hindu  

India, the world's third-largest crude consumer and importer, has approached Guyana's government about a possible long-term deal to buy the South American country's oil, a Guyanese official said. India has expressed interest in buying one of the 1 million-barrel cargoes Guyana's government is entitled to in order to test the crude in its refineries, according to Guyana's Natural Resources Minister …

First cargo from new oil producer heads to India's Mudra port, says data
3 years, 9 months ago

First cargo from new oil producer heads to India's Mudra port, says data

The Hindu  

The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday. As OPEC’s share in India’s oil imports fell to historic lows between April 2020 and January 2021, …

Democrat adds pressure on Biden to review Venezuela sanction
3 years, 9 months ago

Democrat adds pressure on Biden to review Venezuela sanction

Associated Press  

MIAMI — A U.S. senator urged the Biden administration Tuesday to lift a ban on diesel fuel swaps with Venezuela, adding to pressure from some Democrats and aid workers who argue sanctions are worsening the South American country’s dire humanitarian crisis. Murphy’s request comes as the Biden administration reviews U.S. policy toward Venezuela with the goal of building a multilateral …

Trump administration imposes Venezuelan oil-related sanctions
3 years, 11 months ago

Trump administration imposes Venezuelan oil-related sanctions

Al Jazeera  

The United States Treasury targeted three individuals, 14 entities and six vessels for their alleged ties to a network attempting to assist Venezuela’s oil sector. The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company Petroleos de Venezuela sell crude mainly to Asia despite Washington’s sanctions on the …

UAE a hub for firms helping Venezuela avoid US sanctions: Report
4 years ago

UAE a hub for firms helping Venezuela avoid US sanctions: Report

Al Jazeera  

Three UAE-based companies emerged this year as major buyers of Venezuelan crude, a Reuters report says. The activity shows how the UAE, one of Washington’s closest allies in the Middle East, is a hub for companies helping Venezuela skirt US sanctions. The role of the three companies in transporting Venezuelan oil underscores how a raft of little-known entities has filled …

Iran sends biggest ever fleet of oil tankers to Venezuela
4 years, 1 month ago

Iran sends biggest ever fleet of oil tankers to Venezuela

Al Jazeera  

Defying US sanctions, Iran sends flotilla of about 10 vessels to help the Latin American nation fight a crippling fuel shortage. Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. The country’s fuel crunch follows …

Officials: U.S. seizes Iranian gas heading for Venezuela
4 years, 5 months ago

Officials: U.S. seizes Iranian gas heading for Venezuela

Associated Press  

MIAMI — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned allies. Last month, federal prosecutors in Washington filed a civil forfeiture complaint alleging that the sale was arranged by a businessman, …

US slaps new sanctions on Iranians for Venezuela trade
4 years, 6 months ago

US slaps new sanctions on Iranians for Venezuela trade

Al Jazeera  

Trump administration is seeking to block Iran’s energy trade and to bring down Venezuelan President Nicolas Maduro. The United States on Wednesday imposed sanctions on five Iranian ship captains who had delivered oil to Venezuela, and US Secretary of State Mike Pompeo reaffirmed the Trump administration’s backing for Venezuelan opposition leader, Juan Guaido. Speaking at a news conference at the …

US sanctions four shipping firms for transporting Venezuelan oil
4 years, 7 months ago

US sanctions four shipping firms for transporting Venezuelan oil

Al Jazeera  

Venezuelan foreign minister warned that US moves to inhibit crude exports would complicate food and medicine imports. The United States Treasury Department on Tuesday said it had sanctioned four shipping firms for transporting Venezuelan oil, the latest escalation in Washington’s effort to depose socialist President Nicolas Maduro by cutting off the OPEC nation’s crude exports. In response, Venezuelan Foreign Minister …

Iran warns US not to interfere with Venezuela oil shipment
4 years, 7 months ago

Iran warns US not to interfere with Venezuela oil shipment

Associated Press  

TEHRAN, Iran — Iran’s president on Saturday warned the United States not to interfere with a shipment of oil bound for Venezuela after the South American nation said it would provide an armed escort for the tankers. In a statement posted on his website, Hassan Rouhani said the United States had created “unacceptable conditions” in different parts of the world, …

Indian refiners plan to wind down Venezuelan oil purchases in April fearing the future US sanctions: Report
4 years, 10 months ago

Indian refiners plan to wind down Venezuelan oil purchases in April fearing the future US sanctions: Report

Firstpost  

Nayara Energy, partially owned by Rosneft, is planning to stop processing Venezuelan oil at its refineries after receiving two cargoes that are scheduled for loading in March, two of the sources said. Indian refiners Reliance Industries and Nayara Energy are planning to wind down purchases of Venezuelan oil in April fearing the future US sanctions could choke off all avenues …

Oil tankers ‘go dark’ off Venezuela to evade US sanctions
5 years, 2 months ago

Oil tankers ‘go dark’ off Venezuela to evade US sanctions

Associated Press  

MIAMI — In May, after pulling out of a Chinese shipyard for repairs, a giant oil tanker set out on a perilous journey. As the Trump administration has clamped down on President Nicolas Maduro with sanctions set on depriving him of easy cash from Venezuela’s vast oil reserves, some ship captains and their employers are eager to help the embattled …

Pay in fuel, not cash: India’s Nayara buying Venezuelan oil without violating US sanction, says report
5 years, 3 months ago

Pay in fuel, not cash: India’s Nayara buying Venezuelan oil without violating US sanction, says report

Live Mint  

India's Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating US sanctions, three sources with knowledge of the transactions said. But Washington has said that firms, including Rosneft, that take Venezuelan oil to monetize loans are not violating sanctions as long as cash does …

India cannot sacrifice economic strength to comply with US sanctions, says Finance Minister Nirmala Sitharaman
5 years, 3 months ago

India cannot sacrifice economic strength to comply with US sanctions, says Finance Minister Nirmala Sitharaman

Firstpost  

India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own economic strength and strategic interests, Finance Minister Nirmala Sitharaman said New York: India wants to comply with global sanctions, including US sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests, Finance Minister …

New round of US sanctions targets Venezuelan oil shipped to Cuba
5 years, 3 months ago

New round of US sanctions targets Venezuelan oil shipped to Cuba

Al Jazeera  

US Treasury says Cuba-based entities are circumventing sanctions on Venezuelan oil giant PDVSA. The United States Department of the Treasury targeted four groups and four vessels on Tuesday for moving Venezuelan oil to Cuba in violation of Washington’s sanctions, it said in a statement. Since the US imposed sanctions on Venezuela‘s state-owned oil company Petroleos de Venezuela, SA in January, …

US sanctions on Venezuela could exacerbate crisis, UN warns
5 years, 5 months ago

US sanctions on Venezuela could exacerbate crisis, UN warns

Al Jazeera  

Sanctions will worsen situation for millions in terms of access to food and health, human rights chief says. The US move, which follows repeated rounds of sanctions against Venezuelan President Nicolas Maduro, includes the authorisation of penalties against “foreign persons” who provide support to his government. ‘Significantly exacerbate crisis’ Bachelet said she was concerned businesses and financial institutions were “likely …

US Secretary of State Pompeo promises to ensure oil supplies to India after Iranian crude ban
5 years, 6 months ago

US Secretary of State Pompeo promises to ensure oil supplies to India after Iranian crude ban

Live Mint  

US secretary of state Michael Richard Pompeo on Wednesday night promised India of adequate crude oil supplies even as India, the world's third-largest oil importer, has been trying to buffer its consumers from the spike in global prices. However, with the US’s conditional waiver for Iranian oil imports to eight countries, including China and India, expiring on 2 May, India …

Chevron has been in Venezuela for nearly 100 years. It could finally be forced to leave
5 years, 6 months ago

Chevron has been in Venezuela for nearly 100 years. It could finally be forced to leave

CNN  

New York CNN Business — Chevron’s nearly century-long relationship with Venezuela might not survive the Maduro regime’s fight with the United States. Chevron, the last major US oil company still operating in Venezuela, could be forced to leave unless US officials extend sanctions waivers scheduled to expire on July 27. A loss of Chevron’s expertise and resources would only make …

U.S. imposes new sanctions on Maduro’s state-owned oil company
5 years, 7 months ago

U.S. imposes new sanctions on Maduro’s state-owned oil company

Associated Press  

Vice President Mike Pence on Friday said the U.S. will sanction dozens of ships tied to Venezuela’s state-owned oil and gas company, as the White House ramps up financial pressure on President Nicolas Maduro. “Venezuela’s oil belongs to the Venezuelan people,” Mr. Pence said at Rice University’s Baker Institute for Public Policy. PDVSA is a “vital source” of the Maduro …

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