Which U.S. companies bought Venezuelan oil?
While Chevron was the main U.S. producer of Venezuelan oil, the product found a long list of buyers in the East Coast.
Economy
Understand how the Venezuelan economy moves.
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Reuters: Venezuela Stabilizes Its Oil Exports in May Thanks to More Shipments to China
The Jose Blending Plant of PDVSA, located in the José Antonio Anzoátegui Industrial Complex in Barcelona, Anzoátegui, was expanded in…
Reuters: Venezuela Raises Taxes on Private Sector After Chevron License Cancellation
With an expected drop of up to 30% in oil revenues due to new U.S. sanctions, Nicolás Maduro’s government is tightening the screws on the private sector.
Venezuela Received the President of the Iranian Parliament to Strengthen Bilateral Ties
Mohammad Baqer Ghalibaf, Speaker of the Islamic Consultative Assembly of Iran, upon his arrival this Sunday at Simón Bolívar Maiquetía…
What Does the Operation Against “Monitor Dolar” Mean for Venezuela’s Exchange Market?
On July 28, Attorney General Tarek William Saab announced that police had arrested Carlos Andrés Pérez, who managed the account Monitor Dolar.
Delcy Rodríguez States That Joint Ventures with Chevron, Repsol, Eni, and M&P Remain in “Full Production”
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”.
Reuters: Chevron terminates contracts in Venezuela, but plans to maintain employees
Chevron has already terminated all its contracts for oil production, services, and procurement for Venezuela upon the expiration of its license.
Rate Gap Nears 50% Following Elections and Chevron’s Final License Termination
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…
U.S. to Allow Chevron Only Minimal Maintenance in Venezuela, According to Bloomberg
The Trump administration plans to grant Chevron a limited license to carry out only essential maintenance
Panama and Venezuela Resume Commercial Flights After Nearly 10 Months of Suspension
Arrival area of Simón Bolívar International Airport in Maiquetía, Venezuela’s main air terminal. Photo: Rogerio Tomaz Jr. (Courtesy). Guacamaya, May…