Venezuela | Egypt Oil & Gas

Egypt Explores Opportunities for Implementing Infrastructure Projects in Venezuela

Minister of Petroleum and Mineral Resources Tarek El Molla has met with his Venezuelan counterpart Pedro Rafael Tellechea Ruiz to explore the available opportunities for Egyptian companies to invest in the Venezue ...

PDVSA Restricts Most Oil Exports for Contract Review

In a move to avoid payment defaults, the new CEO of Venezuela's PDVSA Pedro Rafael Tellecheahas stopped most oil export contracts while his team reviews them according to an internal document seen by Reuters and p ...

Maroil Acquires Most of Venezuela’s Petroleum Coke Trading

According to documents and four people with knowledge of the decision, Maroil Trading, owned by shipping magnate Wilmer Ruperti, has taken over sales of nearly all of Venezuela's petroleum coke exports, a move tha ...

Venezuela Receives Its Second Iranian-Built Tanker.

In the presence of the presidents of Iran and Venezuela, SADRA (Iran Marine Industrial Company) handed over the second Aframax tanker built by the company.

Egypt Discusses Cooperation with Russia, Venezuela at GECF

On the sidelines of the Gas Exporting Countries Forum (GECF), Minister of Petroleum and Mineral Resources Tarek El Molla met with Russian Energy Minister Nikolay Shulginov.

Venezuelan Crude Inventories Surge as Sanctions Loom 

Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August due to customers' fears over sanctions deadlines.

PDVSA to Offload Crude from Floating Oil Facility

Venezuela’s state-owned oil company Petroleos de Venezuela (PDVSA) is set to offload crude from the Nabarima floating oil facility amid environmental concerns.

Venezuela Cardon Refinery Halts Gasoline Production 

The catalytic cracker at Venezuela’s Cardon refinery, key to gasoline production, was halted on Friday due to equipment failure.

Venezuela’s Oil Exports Rise in September

Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.

Venezuela to Blend Crude to Recover Oil Output

Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt.

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