Venezuela | Egypt Oil & Gas - Part 3

Chevron Seeks Broader US License to Boos Venezuelan oil exports

US oil major Chevron is in discussions with the Trump administration to broaden a key authorization that would allow the company to increase crude oil exports from Venezuela, including shipments to its own refineries ...

Trump Administration to Hold Talks With US Oil Firms on Reviving Venezuelan Production

The Trump administration plans to meet later this week with US oil company executives to discuss boosting natural gas and oil production in Venezuela following the removal of President Nicolas Maduro, a source familia...

Analysts See Gradual Rise in Venezuelan Oil Output After US Action

Global energy analysts anticipate a gradual recovery in Venezuelan crude oil production following the US strike and capture of President Nicolas Maduro, a development poised to reshape global supply dynamics, accordin...

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 Venezuela’s...

PDVSA Restricts Most Oil Exports for Contract Review

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

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 t...

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. Iranian and Venezuelan presidents were connected via video co...

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, the Egyptian ministry said in a statement. T...

Venezuelan Crude Inventories Surge as Sanctions Loom 

Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August, surging to 11.8 million barrels (mmbbl) as of October 24, more than double the 5.6 mmbbl registered a month ear...

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, according to Reuters. The transfer of the 1.3 million bar...

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