Venezuela News

 

Venezuela's PDVSA Tightens Oil Prepayment Rules

Jan 30, 2023

Venezuela's state oil firm PDVSA is toughening terms for buyers after a month-long halt to most exports of crude and fuel, demanding prepayment ahead of loadings in either cash, goods or services, company documents showed.PDVSA's new Chief Executive Pedro Tellechea put the move in place this month. It reinforces measures implemented last year after several buyers skipped out on payments for oil, which provides most of the South American country's income…

Tankers Carrying Venezuelan Oil Stuck at Sea

Jun 24, 2020

Tankers carrying nearly two months worth of Venezuelan oil output are stuck at sea as global refiners shun the nation’s crude to avoid falling foul of U.S. sanctions, according to industry sources, PDVSA documents and shipping data.Washington…

Iranian Ship Reaches Venezuela with Cargo of Food

Jun 22, 2020

An Iranian ship was approaching the Venezuelan port of La Guaira on Sunday with a cargo of food that will supply the South American nation’s first Iranian supermarket, according to Refinitiv Eikon and Iran’s embassy in Venezuela.Iran supplied 1…

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