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Venezuela Oil

All articles tagged with #venezuela oil

Century-long oil pact gives US control over 65 billion barrels of Venezuelan crude
world2 days ago

Century-long oil pact gives US control over 65 billion barrels of Venezuelan crude

The United States signs a 100-year concession with the private Venezuelan firm Nabep, granting a US-led company control over about 65 billion barrels of oil from 17 fields in Venezuela. Trump and interim president Delcy Rodríguez herald it as historic and beneficial, projecting hundreds of billions in investment and tax revenue, while critics warn it cedes national patrimony, raises sovereignty concerns, and that the timeline for restoring production may be optimistic given Venezuela’s deteriorating oil sector.

via BBC|
#geopolitics#nabep#oil-deal
South Florida Weighs In on Venezuela Oil Going to Cuba's Private Sector
politics6 months ago

South Florida Weighs In on Venezuela Oil Going to Cuba's Private Sector

South Florida residents react to a policy allowing Venezuelan oil to be sold to Cuba’s private sector (not the government), a move some see as relief from shortages while others fear the Cuban regime could still benefit. The policy restricts oil sales to the Cuban government or military, but details and enforcement remain unclear, prompting calls for more clarity from local Cuban‑American lawmakers.

via CBS News|
#cuba#politics#private-sector
U.S. Forces Interdict Sanctioned Venezuelan Oil Tanker in Indian Ocean
world6 months ago

U.S. Forces Interdict Sanctioned Venezuelan Oil Tanker in Indian Ocean

U.S. forces boarded the Veronica III, a Panama-flagged tanker sanctioned over Iranian-linked oil and tied to Venezuela, in the Indian Ocean after tracking it from the Caribbean; the Pentagon said the vessel defied a quarantine during a right-of-visit maritime interdiction, with no immediate word on seizure, following last week's boarding of the Aquila II.

via NBC News|
#indian-ocean#maritime-interdiction#sanctions