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☆ Qatar Pursues Oil Deal After Brokering End to Venezuela Sanctions
▼ + stars: | 2023-11-08 | by ( Patricia Garip | Kejal Vyas | ) www.wsj.com time to read: 1 min

Qatar’s growing role as an international conflict mediator is opening commercial opportunities for the gas-rich Arab Gulf state. Photo: Christopher Pike/Bloomberg NewsFor more than a year, Qatar quietly hosted talks between senior U.S. and Venezuelan officials that led to a breakthrough last month when Washington lifted sanctions on Venezuela’s crippled energy industry. Now the tiny Arab state, and a Qatari conglomerate, are trying to cash in.

Persons: Christopher Pike Organizations: Bloomberg, U.S Locations: Qatar, Washington, Qatari

☆ Deal Paving Way for Fair Elections in Venezuela Might Ease U.S. Oil Sanctions
▼ + stars: | 2023-10-17 | by ( Kejal Vyas | Patricia Garip | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/deal-paving-way-for-fair-elections-in-venezuela-might-ease-u-s-oil-sanctions-332926bf

Persons: Dow Jones Locations: venezuela

☆ Fifty Years On, U.S.-Backed Coup in Chile Stirs Divisions
▼ + stars: | 2023-09-10 | by ( Patricia Garip | Juan Forero | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/fifty-years-on-u-s-backed-coup-in-chile-stirs-divisions-e0217b6f

Persons: Dow Jones

☆ Chile Seeks to Find People Disappeared During Military Dictatorship
▼ + stars: | 2023-08-30 | by ( Ryan Dubé | Patricia Garip | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/americas/chile-seeks-to-find-people-disappeared-during-military-dictatorship-98016c5a

Persons: Dow Jones, 98016c5a

☆ Venezuela’s Oil Industry, Reopening to Investors, Is Major Polluter
▼ + stars: | 2023-02-22 | by ( Kejal Vyas | Patricia Garip | ) www.wsj.com time to read: 1 min

Venezuela’s oil industry suffers from maintenance and management problems, a likely challenge for Western companies looking to resume work there. Across Venezuela’s once-thriving oil industry, environmentalists say rusty pipelines and storage tanks routinely leak contaminants into the ground. Frequent spills stain the mangroves of national parks with oil. Refinery explosions in recent years have sent black smoke billowing into the sky. And Venezuela’s national oil company, unable to process the natural gas that is a byproduct of oil production, burns enough each day to supply the state of Georgia.

☆ Caribbean Seeks Venezuela’s Oil and Gas as U.S. Relaxes Sanctions
▼ + stars: | 2023-02-03 | by ( Patricia Garip | ) www.wsj.com time to read: 1 min

Production has plummeted at Venezuelan state oil company PdVSA, which operates these facilities on Lake Maracaibo. Caribbean countries battered by high energy costs are turning to Venezuela for oil and gas as the U.S. eases sanctions that have kept its supplies off limits for years. Trinidad and Tobago received a U.S. Treasury Department license in January to develop a Venezuelan gas field. A prospective refinery operator in Curaçao is seeking to buy Venezuelan crude oil. And officials on other islands have said they hope to restore Venezuelan fuel imports.

☆ ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
▼ + stars: | 2023-01-13 | by ( Patricia Garip | ) www.wsj.com time to read: 1 min

ConocoPhillips , which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owed by Venezuela, according to people familiar with discussions between the company and Venezuela representatives. In what are preliminary talks between ConocoPhillips and national oil company Petróleos de Venezuela SA, the two sides are looking at a proposal that could allow the Houston-based company to load, transport and sell Venezuela’s oil in the U.S. on behalf of PdVSA, as the state oil company is known. This would give ConocoPhillips a chance to recover the money it lost in the country and help the U.S. meet its energy needs, the people said.

Chevron Corp. scored a reversal of fortunes in Venezuela last weekend after the U.S. government allowed it to pump oil there again, but its new license to operate carries considerable risk. The oil giant will have to partner with an authoritarian regime accused of crimes ranging from human-rights violations to sprawling corruption to state-sponsored narcotics trafficking.

The U.S. will require that Chevron report details of its financial operations to ensure transparency. WASHINGTON—The U.S. said it would allow Chevron Corp. to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian relief program and continue dialogue in Mexico City on efforts to hold free and fair elections. Following the Norwegian-brokered agreement signed in Mexico City, the Biden administration granted a license to Chevron that allows the California-based oil company to return to its oil fields in joint ventures with the Venezuela national oil company, Petroleos de Venezuela SA. The new license, granted by the Treasury Department, permits Chevron to pump Venezuelan oil for the first time in years.

The U.S. is poised to grant a license to Chevron Corp. to pump oil in Venezuela, a policy shift that would ease yearslong sanctions and could open the door for other oil companies to do business there. The U.S. oil company would regain partial control of its oil-production and maintenance activities in dilapidated Venezuelan oil fields it has retained stakes in through joint ventures with the state-run oil company Petróleos de Venezuela SA It wouldn’t make new investments there until certain debts are repaid, which could take years, according to people familiar with the matter.

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