🖊OPINION | Invasion and Constitution
In this opinion piece, distinguished writer Luis Britto García blasts US colonial pretenses, reviews constitutional provisions on sovereignty and hydrocarbons, and recounts events described as the April 2002 kidnapping of Venezuela’s head of state and the resulting civilian deaths.
Access the complete column here 👉🏽https://shorturl.at/wfawJ
#Constitution#PDVSA#USVenezuelaRelations
📰 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
#PDVSA#Sanctions#USVenezuelaRelations
📰 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
#PDVSA#Sanctions#USVenezuelaRelations
📰 NEWS | Venezuelan Oil Production Recedes as PDVSA Finds New Partners
🇻🇪 Venezuela’s oil sector is under pressure from renewed US sanctions. OPEC reported May output at 896,000 bpd, down for the second month in a row, while PDVSA claimed 1.06 million bpd.
With Chevron scaling back operations, PDVSA signed deals with nine foreign firms to manage drilling and sales in Zulia and the Orinoco Belt. Meanwhile, crude exports to China rose to 584,000 bpd, despite discounts and reliance on intermediaries to bypass sanctions.
🔗 Read the full report here: https://shorturl.at/q3iGM
#PDVSA#sanctions
📰NEWS | Venezuela: Oil Output Contracts as Foreign Partners Lobby for License Extensions
OPEC reported Venezuela’s April oil production at 888,000 bpd (a 34,000 bpd drop from March) while exports fell 20%, largely due to canceled Chevron cargoes. The U.S. oil giant, alongside other firms, faces a May 27 deadline to exit Venezuela unless license extensions are granted.
Chevron has urged Washington to modify its sanctions waiver, warning that a withdrawal could strengthen China’s role in the country’s energy sector. Venezuela has begun rerouting shipments to China and reiterated its call for foreign investment.
🔗 Read the full article here: https://shorturl.at/BTdhJ
#PDVSA#Sanctions
📊 INFOGRAPHICS | US Sanctions Against the Venezuelan Oil Industry
In recent years, successive US administrations have levied wave after wave of unilateral sanctions against Venezuela’s oil industry. The goal is clear: to strangle the country’s most important economic sector.
The latests VA's infographic details the successive measures, the impact on output, and the revenue losses over time.
🔎 Follow this link to view the full infographic: https://shorturl.at/Br67t
#PDVSA#Sanctions
📰 NEWS | US Pushes Repsol, Eni and Maurel & Prom Out of Venezuela to Increase Economic Pressure
The US has ordered Repsol, Eni, and Maurel & Prom to exit Venezuela’s oil sector by May 27, intensifying economic pressure. The companies hold minority stakes in joint ventures with PDVSA, accounting for 83,000 bpd.
Repsol and Eni, co-owners of the Cardón IV natural gas project, are exploring ways to continue operations. The offshore venture produces 600 million cubic feet per day, supplying power plants and cooking gas networks.
The move follows Washington’s decision to withdraw Chevron’s license, reinforcing its sanctions strategy against Venezuela’s energy industry.
🔗 Read the report here 👉🏼https://venezuelanalysis.com/news/us-pushes-repsol-eni-and-maurel-prom-out-of-venezuela-to-increase-economic-pressure
#PDVSA#Sanctions
📰 NEWS | Venezuelan Government Appeals for Foreign Investment Ahead of Oil Sanctions Deadline
The Venezuelan government is appealing for foreign investment in its oil sector as Chevron prepares to exit by April 3 under US sanctions. President Maduro reaffirmed that Venezuela is open to international partnerships in oil, gas, petrochemicals, and refining.
Chevron’s departure could impact the country’s oil output, with its joint ventures currently producing over 200,000 bpd. However, analysts suggest the firm may still secure an extension or a new license.
🔗 Read the full report here: https://venezuelanalysis.com/news/venezuelan-government-appeals-for-foreign-investment-ahead-of-oil-sanctions-deadline/
#PDVSA#Sanctions
🆕 NEWS | Venezuelan Oil Output Recedes as India ‘Expects’ More Imports
Venezuela’s oil production saw a slight decline in February, with OPEC estimating 892,000 bpd—down 18,000 bpd from January—while PDVSA reported an increase to 1.03 million bpd.
Despite US sanctions hampering trade, Indian Oil Minister Hardeep Singh Puri stated that “all the signals” suggest an easing of constraints on Venezuelan crude exports. Reliance Industries remains the only Indian firm authorized for imports under current restrictions.
🔗 Read the full report here: https://shorturl.at/ITuDb
#PDVSA#Sanctions