The Daily Journal — Major refineries and energy companies in the United States, Europe, and Asia are increasing their direct purchases of Venezuelan crude from Petróleos de Venezuela S.A. (PDVSA). According to a Reuters investigation, this strategy is beginning to reduce the role of the large trading houses that dominated the country’s oil exports during […]
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Audio: https://clyp.it/p2koe0pw Julio A. López, Editor-in-Chief .— Chevron is set to sign preliminary agreements to invest in two Iraqi oil fields and join a consortium of investors studying the construction of a pipeline linking Iraq’s oil-producing basin to Syria’s Mediterranean coast, specifically the port of Baniyas. The Context: Iraq, the Most Exposed Iraq — the second-largest […]
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The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]
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The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 50B. This measure selectively authorizes six major global energy corporations and their subsidiaries to maintain and conduct oil and gas operations in Venezuela. OFAC Director Bradley T. Smith signed the regulatory instrument, which took […]
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The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]
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Audio: https://clyp.it/f0iayxxc Heinrich Rahn Guardia, Logistics Coordination Advisor for Industrial Projects, Specialist in Logistics and Trade Compliance.— Venezuela’s energy sector now enters an exciting moment, especially for emblematic projects such as PAGMI (Gas Conditioning Plant in Güiria) 2018–2019 and the resurgence of Anaco as the nation’s gas capital. Based on J.P. Morgan reports, the 2026 […]
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Audio: https://clyp.it/smn5bwvr Dr. Juan Barreto. — Interim president Delsy Rodríguez revives a historic claim and clashes with Guyana’s president, Irfaan Ali. How do dinosaurs enter this story? They rise from the dark depths underground, where pressure and heat cook the oily substance that powers the world, while other dark rooms simmer their own slow plots. […]
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