ConocoPhillips Archives - The Daily Journal

Reuters: Experts rule out immediate foreign investment in Venezuelan refineries

July 30, 2026July 30, 2026Tatiana Da GamaLeave a Comment

Reuters — Venezuela’s Paraguaná Refining Complex, in the country’s west, once symbolized the nation’s oil wealth and its ambition to transform vast crude reserves into fuels and export revenue. Today, however, the complex in Falcón state, with the capacity to process 955,000 barrels of crude per day (bpd), operates at only a fraction of its […]

Brazilian billionaires acquire stake in Petrororaima

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Fluxus Oil, Gas & Energy, owned by Brazilian businessmen Joesley and Wesley Batista, has acquired a stake in a Venezuelan oil production project, according to a Bloomberg report. The transaction adds to a series of private agreements that have emerged following the sanctions relief promoted by the administration of U.S. President […]