Iran and Venezuela close to signing free trade agreement
Iran and Venezuela are approaching the finalization of a trade agreement that will eliminate tariffs on raw materials and other goods between the two nations.
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Venezuela Was Included in EU’s High-Risk Money Laundering List
The European Commission, the executive branch of the bloc, announced that the decision was made following a “thorough evaluation” and…
Venezuela Plans a 50% Increase in Gasoline Prices, According to Bloomberg
The increase would have an immediate and profound impact on Venezuelans’ wallets, directly affecting transportation and trade costs. Photo: Archive…
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…
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…
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…
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.