Understand how the Venezuelan economy moves.
Venezuela’s Vice President and Minister of Hydrocarbons, Delcy Rodríguez, stated that oil fields operated in partnership with U.S. and European companies remain in “full production”.
Chevron has already terminated all its contracts for oil production, services, and procurement for Venezuela upon the expiration of its license.
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…
The Trump administration plans to grant Chevron a limited license to carry out only essential maintenance
Arrival area of Simón Bolívar International Airport in Maiquetía, Venezuela’s main air terminal. Photo: Rogerio Tomaz Jr. (Courtesy). Guacamaya, May…
The Donald Trump administration plans to extend General License 41, which allows Chevron to operate in Venezuela despite sanctions.
Venezuela’s state-owned oil company, PDVSA has started to export heavy crude that has been shipped by Chevron since 2022.
The monthly report from the OPEC records a drop in oil production of 34,000 barrels per day (bpd) for the month of April.
In the last year, more than $1 billion worth of Venezuelan oil has been labeled as Brazilian crude upon arrival in China.
Colombian President Gustavo Petro has proposed that the state-owned energy company Ecopetrol purchase the fertilizer producer Monómeros, owned by Petróleos de Venezuela, S.A. (PDVSA).
