Venezuela’s government and opposition have agreed on a political roadmap to elections, but the path there remains fraught ...
An April 17, 2024, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) issued General License (“GL”) 44A (“Authorizing the Wind Down of Transactions Related to Oil or Gas ...
The company's statement said the deal to develop and produce oil and gas in Venezuela was closed on April 17 and involves two onshore areas with a current output of 3,000 barrels per day.
Poland’s largest company, Orlen SA, is convinced that previous employees at the firm’s Swiss trading unit cost the business ...
The bulk of the losses pertained to purchases of oil from Venezuela: on that both Rog and ... think through the issue and acted according to a rule that all that the predecessors had done is ...
“The new management didn’t think through the issue and acted according to a rule ... prepayment — probably for oil from South Sudan, according to Rog. The next advance payment was carried out in ...
OFAC Allows GL 44 to Expire and Issues Limited Wind-Down Authorization for Transactions Related to Oil or Gas Sector Operations in Venezuela As discussed in our previous alert dated October 24 ...
The U.S. Treasury Department said last week that it will reimpose oil-related sanctions on Venezuela, giving PDVSA customers and providers until May 31 to wind down transactions under a general ...
The U.S. is refraining from renewing General License 44, which had authorized transactions related to the oil and gas sector in Venezuela, Rystad Energy Senior Vice President Jorge Leon outlined ...
With the six-month temporary easing of sanctions, which expired on April 15, Venezuela had managed to increase exports to around 900,000 barrels per day in March–a four-year high, according to ...
HOUSTON/CARACAS (Reuters) -Venezuela's state-run ... PDVSA had moved many spot oil deals not involving swaps to a contract model demanding prepayment for half of each cargo's value in USDT.
HOUSTON/CARACAS (Reuters) -Venezuela's state-run ... PDVSA had moved many spot oil deals not involving swaps to a contract model demanding prepayment for half of each cargo's value in USDT.