An idled floating oil facility off Venezuela's eastern coast is undergoing repairs, according to a person familiar with the matter, as images showing the crude-laden vessel at an incline have raised concerns about possible environmental hazards.
Venezuela is ramping up its production and export of coal to European nations, according to export figures and vessel tracking data, as it seeks new sources of foreign currency amid tightening U.S. sanctions aimed at topping President Nicolas Maduro.
CARACAS Three small investment funds have started buying defaulted Venezuelan bonds as hopes of a change of government are fading and the South American nation is proposing a restructuring, according to sources and documents.
CARACAS, Oct 12 Three small investment funds
have started buying defaulted Venezuelan bonds as hopes of a
change of government are fading and the South American nation is
proposing a restructuring, according to sources and documents.
The U.S. Treasury Department on Tuesday once again extended a measure barring creditors of Venezuelan state oil company Petroleos de Venezuela from seizing shares in the parent company of U.S. refiner Citgo, a PDVSA subsidiary.
CARACAS Around midnight on February 23, Eulalio Bravo, a marine electrician, was dozing in his rack aboard the San Ramon, an oil tanker anchored off the coast of Venezuela.
(This 2nd September story corrects paragraph 18 after Eni, corrects to clarify comments sent in English)
Sept 2 Venezuelan state oil company PDVSA and
Italy's Eni are looking at options to safely offload
crude from a floating storage facility on Venezuela's eastern
coast that has remained idle for over a year due to U.S.
sanctions, according to sources close to the discussions.
GEORGETOWN/NEW YORK Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.
PUERTO ORDAZ, Venezuela/NEW YORK An Iranian-flagged vessel loaded a cargo of alumina in Venezuela this month after delivering supplies for an Iranian supermarket in the South American nation, three sources familiar with the shipment said, in the latest sign of closer ties between the U.S.-sanctioned nations.