US Issues General Licenses for Venezuela, Reopening Access for Global Majors

• Monday, 16th February 2026
• by Fatma Ahmed

The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil and ga...

India’s HPCL Seeks Venezuelan Crude to Boost Heavy Oil Processing

• Tuesday, 27th January 2026
• by Fatma Ahmed

India’s state-run Hindustan Petroleum Corp Ltd (HPCL) is planning to import Venezuelan crude oil for the first time to expand its activities in the processing of heavier grades in its new fiscal year (FY) beginning in...

Eni, Repsol to Ship Venezuelan Oil to Europe

• Monday, 6th June 2022
• by Israa Ibrahim

Eni and Repsol could begin shipping Venezuelan oil to Europe as soon as next month to replace Russian crude, five people familiar with the matter say, resuming oil-for-debt swaps that were suspended two years ago when...