V enezuelans in border areas are waiting up to six days to fill their cars and some report paying bribes to jump ahead in lines, signaling a return of crippling fuel shortages that have dogged the struggling OPEC nation for much of the year.
India’s Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions.
India’s Nayara Energy has been using Russian giant Rosneft as an intermediary to acquire Venezuelan oil, paying it in fuel rather than cash to avoid violating U.S. sanctions.
Ashmore Group Plc and Venezuela’s government may be headed for a legal battle as a potential default on the state oil company’s 2020 bonds sets off a rush to lay claim to the nation’s most prized asset abroad.
Cabello congratulated the People’s Republic of China on the 70th founding anniversary, and expressed the hope that the bilateral ties will achieve greater progress.
Reliance Industries will pay for Venezuelan crude oil via exports of diesel in a barter arrangement as it resumed taking supplies from the US sanctions-hit Latin American nation after a gap of four months.
Venezuelan authorities on Saturday denied Guatemala’s president-elect Alejandro Giammattei entry into Venezuela, where he was scheduled to meet with opposition leader Juan Guaido.
Guaido, who leads Venezuela’s opposition-controlled National Assembly, was recognized as the country’s rightful leader by dozens of other nations in January after invoking the constitution to assume an interim presidency, arguing President Nicolas Maduro’s 2018 re-election was illegitimate.
Guaido, who leads Venezuela’s opposition-controlled National Assembly, was recognized as the country’s rightful leader by dozens of other nations in January after invoking the constitution to assume an interim presidency, arguing President Nicolas Maduro’s 2018 re-election was illegitimate.
Trafigura, Equinor, Exxon, and Unipec are among the companies that are increasingly turning their backs on Venezuelan oil contracts, along with vessel operators, all too aware of the consequences of violating U.S. sanctions against Venezuela.