The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil ...
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 Biden administration now has little choice but to follow through on its threats to reimpose the sanctions on Venezuela’s oil and gas industry, even though they have become deeply unpopular ...
(Ariana Cubillos/AP) The Biden administration will reimpose oil and gas sanctions on Venezuela after President Nicolás Maduro failed to comply with a U.S.-backed agreement to allow opposition ...
Venezuela’s government and opposition have agreed on a political roadmap to elections, but the path there remains fraught ...
Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years, experts say. Long the country's only notable export ...
CARACAS: Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with US sanctions continuing to cripple the country’s exports.
Poland’s largest company, Orlen SA, is convinced that previous employees at the firm’s Swiss trading unit cost the business ...
Venezuela’s government arrested two high-level energy officials on Sunday following the detention of a former oil minister amid an investigation into billions of lost Petroleos de Venezuela SA ...
Long the country's only notable export and foreign currency earner, oil became a doorway to political and economic power. Since 1976, when Venezuela nationalized the commodity -- then very ...