article thumbnail

US Treasury allows Chevron to resume oil production in Venezuela, delivery to US only

Green Car Congress

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued Venezuela General License (GL) 41 , authorizing Chevron Corporation to resume limited natural resource extraction operations in Venezuela. This authorization prevents PdVSA (Petróleos de Venezuela, S.A.) 41, whichever is later.

Venezuela 358
article thumbnail

Venezuela to supply up to 400,000 barrels of heavy crude oil per day to India

Green Car Congress

State-run oil company Petróleos de Venezuela, S.A. PDVSA) and India’s Reliance Industries Limited (RIL), last week signed two agreements to boost extra-heavy crude oil production in Venezuela’s Orinoco Oil Belt (FPO) and sell up to 400,000 barrels per day (bpd) to the country. This agreement ensures the sale of our oil to countries th.

Venezuela 247
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Venezuela’s Maduro names Elon Musk an “arch-enemy”

Teslarati

Elon Musk has found himself on the crosshairs of Venezuela President Nicolás Maduro, who recently dubbed the Tesla CEO as an “arch-enemy” of the country. Venezuela recently held its presidential election, and on Sunday, Maduro was declared the winner with about 51% of the vote by the National Electoral Council. You want a fight?

article thumbnail

Eni and PDVSA launch major heavy-oil projects in Orinoco Belt in Venezuela

Green Car Congress

Italy-based oil and gas major Eni and PDVSA (Petróleos de Venezuela), the state-owned oil and gas corporation of the Bolivarian Republic of Venezuela, signed contracts for the creation of two joint ventures (Empresas Mixtas, Mixed Enterprises). Eni in the Bolivarian Republic of Venezuela. Map of Orinoco’s Faja area. Schenk C.J.,

Venezuela 218
article thumbnail

ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

article thumbnail

Wison wins site preparation contract for refinery project in Venezuela; largest refinery PC project in Latin America by Chinese company

Green Car Congress

The completion of the Puerto la Cruz oil refinery will effectively enhance the heavy oil processing capacity and oil quality in Venezuela, which will constitute a vital impetus to economic growth, employment, and technological innovation and application in the country. —Asdrúbal Chávez J., Vice President at PDVSA.

Venezuela 199
article thumbnail

Only 4% of TV news correctly connected Hurricane Beryl to climate change

Electrek

The 2024 hurricane season is here, and we’ve already had our first record-breaking hurricane in Beryl, which caused billions in damage and deaths in Texas, Grenada, Venezuela and nearby areas. Importantly, climate change helped this storm break these records and do so much damage.