PANAMA CITY Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country's maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months.
MEXICO CITY/CARACAS With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no refineries but ties to President Nicolas Maduro's government, according to internal documents and a PDVSA source.
Venezuela's oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA's primary destination for its crude, according to company records and Refinitiv Eikon data.
MEXICO CITY/CARACAS Venezuelan state oil firm PDVSA is revamping one of its major processing operations geared to supplying U.S. buyers to produce instead a crude grade favored by Asian refiners, according to internal documents seen by Reuters.
By Devika Krishna Kumar, Stefanie Eschenbacher and
By Devika Krishna Kumar, Stefanie Eschenbacher and Marianna Parraga
HOUSTON/MEXICO CITY The Trump administration's clashes with Mexico could further squeeze U.S. imports of critical heavy crude oil from Latin America, which have fallen to their lowest in nearly three decades following sanctions on Venezuela, U.S. government and Refinitiv Eikon data shows.
Citgo Petroleum Corp, the U.S. arm of Venezuela's state-run oil firm PDVSA, is moving toward appointing a new chief executive, with candidate names including former executives from PDVSA and other companies soon to be submitted to the board.
Venezuelan PDVSA's oil exports took another hit in May, following a deadline for customers to wind-down purchases in order to comply with U.S. sanctions, according to documents from the state-run company and Refinitiv Eikon data.