The company's statement said the deal to develop and produce oil and gas in Venezuela was closed on April 17 and involves two onshore areas with a current output of 3,000 barrels per day.
OFAC Allows GL 44 to Expire and Issues Limited Wind-Down Authorization for Transactions Related to Oil or Gas Sector Operations in Venezuela As discussed in our previous alert dated October 24 ...
The U.S. Treasury Department said last week that it will reimpose oil-related sanctions on Venezuela, giving PDVSA customers and providers until May 31 to wind down transactions under a general ...
The U.S. is refraining from renewing General License 44, which had authorized transactions related to the oil and gas sector in Venezuela, Rystad Energy Senior Vice President Jorge Leon outlined ...
The U.S. Treasury Department in October issued a licence lifting sanctions on Venezuela's oil production and exports through mid-April, prompting trading houses to buy cargoes from little known ...
Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. What Happened: In a move to bypass ...
With the six-month temporary easing of sanctions, which expired on April 15, Venezuela had managed to increase exports to around 900,000 barrels per day in March–a four-year high, according to ...
HOUSTON/CARACAS (Reuters) -Venezuela's state-run ... PDVSA had moved many spot oil deals not involving swaps to a contract model demanding prepayment for half of each cargo's value in USDT.
Venezuela exported 600,000 barrels per day (bpd) in the first quarter, of which 165,000 bpd were destined for the United States, ANZ Research said, adding that as volumes are moderate, the impact ...
HOUSTON/CARACAS, April 18 (Reuters) - The day after the United States announced it would reimpose costly limits on Venezuela's oil sector, the South American nation braced for the consequences and ...
Under a separate U.S. authorization still in effect, about one-fifth of Venezuela's oil exports sent by Chevron to the U.S. should continue flowing and rise to 200,000 bpd by year end.
HOUSTON/CARACAS (Reuters) -The day after the United States announced it would reimpose costly limits on Venezuela's oil sector, the South American nation braced for the consequences and its president ...