CARACAS/PUNTO FIJO, Venezuela Venezuela's opposition-controlled National Assembly on Tuesday allowed a parallel board of directors of state-run oil company PDVSA to negotiate foreign debt ahead of a looming payment deadline that could put its crown jewel overseas asset, U.S. refiner Citgo, at risk.
PUNTO FIJO/CARACAS Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and energy blackouts hit the OPEC nation's oil industry.
CARACAS/PUNTO FIJO, Venezuela Venezuela's main oil export terminal of Jose has restarted operations after a blackout earlier this week paralyzed crude shipments, the lifeblood of the OPEC nation's economy, according to three sources and Refinitiv Eikon data.
PUNTO FIJO, Venezuela Venezuela's main oil export port of Jose and four crude upgraders have been unable to resume operations following a power blackout on Monday, according to industry workers and a union leader close to the facilities.
CARACAS/PUNTO FIJO, Venezuela Two storage tanks exploded at a heavy-crude upgrading project in eastern Venezuela on Wednesday, according to an oil industry source and a legislator, while the country's main oil terminal resumed shipments after a prolonged blackout.
March 13 Two storage tanks have exploded at the
Petro San Felix heavy-crude upgrading project in eastern
Venezuela, according to an oil industry source and a legislator.
CARACAS/PUNTO FIJO, Venezuela Venezuelan state-run oil firm PDVSA has been unable to resume crude exports at its primary port since last week's blackout, according to people familiar with the matter, indicating that the country's massive power outage is crippling the OPEC nation's principal industry.
PUNTO FIJO, Venezuela Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime contractor Bernhard Schulte Shipmanagement (BSM), after the German firm notified it would remove crews operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers.
PUNTO FIJO, Venezuela Venezuela on Tuesday shut the maritime border with nearby Dutch Caribbean islands ahead of an opposition effort to bring in humanitarian aid from foreign territories including neighboring Curacao despite the protests of President Nicolas Maduro.
Trading houses that resell Venezuelan crude oil have not yet found workarounds since the United States announced sanctions to cut off socialist President Nicolas Maduro's revenue, according to shipping data and sources.