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PUNTO FIJO, Venezuela - A power blackout forced Venezuela's largest refining complex, the 955,000-barrel-per-day (bpd) Paraguana Refining Center, to shut down on Thursday, five sources close to its operations said. Read more at straitstimes.com.
Iran, amid the stranglehold of sanctions, is relying on a network of foreign refineries to secure demand for its crude oil.
The US has reimposed economic sanctions against a Venezuelan state-owned mining company and could go on to issue further sanctions on the country’s oil and gas sector after Venezuela’s Supreme Court barred main opposition candidate Maria Corina Machado from running for president last week.
A fuel tanker is discharging Russian diesel at the port of Venezuela, after U.S. sanctions were eased last year, data from traders and LSEG showed on Monday. Sea Maverick with about... -January 29, 2024 at 08:31 am EST - MarketScreener
Venezuela's state oil company said Thursday that an oil spill at a refinery on the country's western coastline was no longer "active" and that more than 80 percent of the affected area had been cleaned up.