Tag: Venezuela

According to the US Government, General License 44, which authorizes transactions related to oil or gas sector operations in Venezuela, expired on April 18.

The United States issued General License 44 to provide relief to Venezuela's oil and gas sector, but warns it will not be renewed after April 18, 2024, if there is no progress on allowing all presidential candidates to compete in the Venezuelan elections.

On January 18, Venezuelan Vice-President Delcy Rodriguez met with the Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, in London.

As Reuters reports, Indian refiners have resumed Venezuelan oil purchases through intermediaries, with Reliance (RELI.NS) set to meet executives from state firm PDVSA next week to discuss direct sales following the easing of U.S. sanctions on the South American country, people familiar with the matter said.

All Clubs in the International Group have issued a similarly worded circular, in which highlight that the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) recently issued 4 general licenses suspending certain sanctions in relation to transactions involving oil, gas, and gold in Venezuela.

According to Reuters, while traders said the Israel-Hamas war did not seem to pose a short-term danger to oil supply, anticipation that the U.S. and Venezuela would soon achieve a deal relaxing restrictions on Venezuelan crude exports caused oil futures to fall more than $1 a barrel.

Iran and Venezuela have launched a direct shipping route to enhance trade ties amid U.S. sanctions, the Iranian embassy in Caracas announced in a statement released on Friday 3 March 2023.

West P&I Club informed that Venezuelan Port Authorities have implemented a mandatory protocol for crew changes in all Venezuelan ports, effective from 10 February 2023.

According to the Venezuelan port authorities, as of 10th February, a protocol for crew changes will be implemented in all Venezuelan ports and the UK P&I Club provides related updates.

A Venezuelan oil terminal experienced fire after a loading hose broke while a tanker was being loaded. The incident took place on September 17 at the Guaraguao facility in Puerto La Cruz.