Venezuela | Egypt Oil & Gas

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.

Venezuela Restarts Gasoline Production at Cardon Refinery

Venezuela’s state-run oil company, Petroleos de Venezuela, has resumed gas output at Cardon refinery in the midst of widespread fuel shortages.

Venezuela’s PDVSA Creates New Unit for Oil Terminals

Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) has created a new unit to run its oil terminals.

OPEC Production Hits 5-Year Low

OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.

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