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Issac Urrutia - 1 PDVSA - 1 Marianna Parraga - 1 Mircely Guanipa - 1 Jonathan Oatis - 1
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2 mentions found


☆ Venezuela's oil exports remain almost unchanged, middlemen seek deals
  + stars: | 2023-12-01 | by ( Marianna Parraga | Thomson Reuters | Focused On Energy-Related Sanctions | ) www.reuters.com   time to read: +2 min
An oil pump jack is seen in an oil field near Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. REUTERS/Issac Urrutia/File Photo Acquire Licensing RightsHOUSTON, Dec 1 (Reuters) - Venezuela's oil exports remained almost unchanged in November at 651,000 barrels per day (bpd) even as an easing of U.S. sanctions is now allowing sales to trading houses, according to shipping and tanker tracking data. Washington in October temporarily lifted oil sanctions on the country as a way to encourage a presidential election in 2024, which prompted spot sales of Venezuelan crude and fuel oil to traders mostly bound for China. The stagnant production has driven PDVSA to offer trading houses and intermediaries a large portion of its oil stocks for exports. Besides seeking spot cash oil sales, PDVSA also has ramped up fuel imports since October.
Persons: Issac Urrutia, PDVSA, Marianna Parraga, Mircely Guanipa, Jonathan Oatis Organizations: REUTERS, Rights, China ., Reuters, Analysts, Chevron, Spain's, Thomson Locations: Lake Maracaibo, Cabimas, Venezuela, Washington, China, China . State, India, Venezuelan, United States, U.S, Houston, Maracay
☆ Venezuela's oil partners head for the exit, forgoing unpaid debt
  + stars: | 2022-10-27 | by ( Mariela Nava Marianna Parraga Deisy Buitrago | Mariela Nava | Marianna Parraga | ) www.reuters.com   time to read: +6 min
[1/5] An oil pump jack is seen in an oil field near Lake Maracaibo, in Cabimas, Venezuela October 14, 2022. "Among those remaining in the partnerships, few hope to ever recoup pending dividends or commercial debts from PDVSA." Since TotalEnergies and Equinor in 2021 exited one of Venezuela's flagship oil upgrading projects, Petrocedeno, smaller firms have followed. With companies and workers leaving almost en masse, the abandonment of oilfields is visible near Maracaibo Lake, among Venezuela's oldest producing region. Between 2019 and 2021, PDVSA delivered oil cargoes to partners to reduce outstanding debt.
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