Iran helps Venezuela export its crude
After defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela last week, Iran is now using the same ship to help Venezuela export its crude.
Read moreAfter defying U.S. sanctions by shipping a cargo of oil condensate to Venezuela last week, Iran is now using the same ship to help Venezuela export its crude.
Read moreAn Iranian supertanker, identified as Honey, arrived at the Venezuelan port of Jose Terminal, carrying 2 million barrels of natural gas liquid (NGL).
Read moreAccording to Reuters, Venezuela's refineries have almost halted operations because of underinvestment while U.S. sanctions meant to force the ruling Socialist Party from power have severely restricted fuel imports.
Read moreAn FSO off Venezuela is taking on waterm while it is also at risk of sinking. The FSO Nabarima carries around 1.3 million barrels of crude oil on board.
Read moreThe US on Wednesday imposed sanctions on five Iranian ship captains who delivered oil to Venezuela, Secretary of State Mike Pompeo informed speaking at a news conference.
Read moreBrazil’s Petroleo Brasileiro SA informed shippers that it will not hire any tankers that have visited Venezuela the past 12 months, being in line with U.S. sanctions on the Latin American nation.
Read moreFortune, the Iranian tanker, is sailing towards the 12-nm boundary of Venezuela's territorial seas, bringing its controversial journey to a close.
Read moreVenezuela’s oil exports increased in April after falling in March to their lowest average in seven months. This growth was helped by new trading partners that were re-selling cargoes in Asia.
Read moreThe Government of Venezuela reported that the Venezuelan patrol vessel GC-23 Naiguata and the ice-class expedition cruise ship RCGS Resolute had an encounter, which resulted in the patrol vessel's sinking.
Read moreThe US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated TNK Trading International S.A. (TTI) for operating in the oil sector of the Venezuelan economy.
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