Tag: Venezuela

A Turkish national was arrested in Miami for allegedly conspiring to violate U.S. sanctions as part of a scheme of oil transportation.

At least two people died, and four others are missing after an oil barge operated by a contractor of Venezuela's state-run PDVSA sank in Lake Maracaibo, the company announced on 26 September. 

According to NorthStandard P&I Club, Venezuelan Mining Corporation (CVM) has announced the immediate suspension of the commercialisation and exportation of a wide range of minerals.

The US Office of Foreign Assets Control has issued a new authorization that allows certain transactions involving the exportation or reexportation of liquefied petroleum gas to Venezuela until July 8, 2025.

Venezuela's state oil company, PDVSA, has started using tankers that operate off radar to supply oil to Cuba, a crucial political ally, Reuters reports. 

According to Shipowner's P&I Club, the International Group of P&I Clubs has issued a circular advised to conclude all carriage of Venezuelan oil cargoes by 31 May 2024.

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.