Venezuela's PDVSA is set to resume oil exports to India's Reliance Industries following a green light from the US Treasury. Meanwhile, Caracas approved a 20-year joint gas project with BP and Trinidad's NGC to explore the Cocuina-Manakin field.
More details on shorturl.at/jyPuG
#PDVSA#sanctions
📰 NEWS | Venezuela: Oil Output Surpasses 1M BPD as Western Corporations Crowd in
Venezuela’s oil production surpassed 1 million barrels per day in April for the first time in over seven years, according to OPEC data. State oil company PDVSA reported production at 1.136 million bpd, while exports climbed to 1.23 million bpd.
The increase comes as Western energy corporations expand operations in the country under US-issued licenses despite ongoing sanctions. BP, Chevron, Eni, Repsol and Shell have signed new oil and gas agreements with Caracas, while ExxonMobil and ConocoPhillips are reportedly assessing a return after their assets were nationalized in the 2000s.
Full report here 👉https://shorturl.at/bI3IA
#PDVSA#Sanctions#USVenezuelaRelations
📰 NEWS | Trump Administration Issues License to Boost US Presence in Venezuelan Oil Sector
The US Treasury has issued General License 52, permitting US entities to engage with Venezuela’s state oil company PDVSA, including exports and new production deals. The measure requires that taxes, royalties, and dividends be deposited into US-controlled accounts.
The move comes as Washington broadens sanctions waivers for selected corporations, with companies such as Chevron, Shell, Eni, and Repsol expanding operations in Venezuela amid rising global energy prices.
Read the full report here 👉🏾https://shorturl.at/pPqfF
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📰 NEWS | Venezuela: PDVSA Pledges ‘Reliable’ Oil Supplies to US Amid Iran War
Venezuela’s state oil company PDVSA announced it has signed supply contracts delivering crude and derivatives to US markets, reaffirming its commitment to “global energy market stability” amid price volatility following the US-Israel war on Iran.
The development comes under a US-controlled framework imposed after Washington asserted control over Venezuela’s oil industry. US officials confirmed that $500 million from an estimated $2 billion oil deal has been transferred to Caracas, while proceeds are deposited in accounts managed by the US Treasury Department and contracts remain under US jurisdiction.
Meanwhile, Venezuelan exports declined in February after shipments to China were wound down, with exports expected to rebound in March through scheduled deliveries to Indian buyers.
Read our full report here 👉🏾https://venezuelanalysis.com/news/venezuela-pdvsa-pledges-reliable-oil-supplies-to-us-amid-iran-war/
#PDVSA#Sanctions#USVenezuelaRelations
📰 NEWS | Venezuelan Banks Receive 300M From US-Administered Crude Sales, Gov’t Officials Defend Oil Reform
Four Venezuelan private banks received US$300 million from an initial US-administered sale of Venezuelan crude, part of a broader US$500 million operation involving oil previously held in storage. The funds were partially injected into the foreign exchange market through bank auctions, with further allocations pending.
At the same time, Venezuela’s National Assembly has begun debating a reform of the Hydrocarbon Law. Assembly President Jorge Rodríguez said the legislation seeks to adapt to current economic conditions and ensure that foreign investment is “protected and profitable,” including through Productive Participation Contracts introduced under the 2020 Anti-Blockade Law.
Read our full report here 👉🏽https://shorturl.at/Zg3aF
#PDVSA#Sanctions#USVenezuelaRelations
📰 NEWS | Venezuela: Trump Administration Ramps Up Oil Sanctions, Targets Tankers
The Trump administration escalated sanctions on Venezuela’s oil sector by blacklisting six shipping companies and blocking six tankers for allegedly transporting Venezuelan crude, the US Treasury announced.
This week, US authorities also seized the tanker Skipper in international waters while it carried roughly 1.6 million barrels of Venezuelan crude bound for Asian markets. US officials indicated that further seizures could follow.
Read the full report here 👉🏾https://shorturl.at/gm95p
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The Biden administration reinstates oil sanctions against Venezuela, citing unmet commitments from the Barbados Agreement. GL44 was replaced with GL44a, allowing a 45-day wind-down period for companies.
Read the full story here: https://venezuelanalysis.com/news/venezuela-washington-reimposes-oil-sanctions-maduro-govt-pledges-continued-growth/
#PDVSA#sanctions#Venezuela
📰 NEWS | Venezuela: Oil Sector Maintains Stability as Crude Returns to US Refineries
According to OPEC, Venezuela’s oil production in July stood at 914,000 barrels per day, maintaining stability near the 900,000 bpd mark. PDVSA reported slightly higher figures at 1.08 million bpd.
Meanwhile, Chevron has resumed crude shipments from its joint ventures in Venezuela to US refineries following a new sanctions waiver. Companies such as Valero and Phillips 66 are reportedly in talks to secure supply agreements.
🔗 Read the full report: https://shorturl.at/fAAqS
#Chevron#PDVSA#Sanctions
📰 NEWS | Venezuela: Chevron to Resume Crude Exports Under New Arrangement With PDVSA
The US oil giant will restart shipments from its joint ventures in Venezuela this month under a renewed sanctions waiver, Chevron CEO Mike Wirth confirmed. The company had been limited to maintenance work since May.
Despite US officials claiming Venezuela won’t profit, authorities in Caracas insist joint ventures are still required to pay taxes and royalties. The new arrangement reportedly allows Chevron and PDVSA to sell their respective shares of crude separately.
🔗 Read the full report here: https://shorturl.at/D9x7A
#Chevron#PDVSA#Sanctions
💢 L'Union européenne pourrait adopter un 21e paquet de #sanctions d'ici à la fin du mandat de l'actuel président du Conseil de l'UE.
🔴Toutefois, un tel scénario n'est pas garanti en raison de la nécessité de parvenir à un accord sur ce paquet de sanctions et de la complexité des négociations, a déclaré Tomas Zdechovsky, député européen.
RT en français • Osez questionner !
💢 L'Union européenne pourrait adopter un 21e paquet de #sanctions d'ici à la fin du mandat de l'actuel président du Conseil de l'UE.
🔴Toutefois, un tel scénario n'est pas garanti en raison de la nécessité de parvenir à un accord sur ce paquet de sanctions et de la complexité des négociations, a déclaré Tomas Zdechovsky, député européen.
RT en français • Osez questionner !
США расширили санкции.
В частности санкции были наложены и в отношении более 90 физических и юридических лиц из России, Беларуси, Британских Виргинских островов, Болгарии, Казахстана, Кыргызстана, КНР, Сербии, ЮАР, Турции, ОАЭ и других стран.
https://home.treasury.gov/news/press-releases/jy2404
#sanctions
Зачастую ранее принимались отказы при рассмотрении таких вопросов.
https://www.rbc.ru/economics/06/09/2023/64f85ca69a79476f474467af?ysclid=lm8oener7535290388
#sanctions