What do we know about the new oil contracts in Venezuela?
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…
Chevron
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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.
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…
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
Marco Rubio Says No Extension of Chevron License
Marco Rubio, a Florida senator for 14 years, is now Secretary of State and Acting National Security Advisor in the…
U.S. Government Plans to Extend Chevron License for 60 Days
The Donald Trump administration plans to extend General License 41, which allows Chevron to operate in Venezuela despite sanctions.
Reuters: Chevron’s Boscan crude from Venezuela now bound for China
Venezuela’s state-owned oil company, PDVSA has started to export heavy crude that has been shipped by Chevron since 2022.