Loop NewsVenezuela sells oil refinery to Cuba Loop News
A shortage in medium and light oil had forced PDVSA this year to change the quality of crude shipped to Cuba, to heavier grades which are more difficult to process at the Cienfuegos
India's top refiner, Indian Oil Corp. (IOC), is set to receive 1.2 MMbbl of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000 bbl of oil, the sources
Trader Vitol sells Venezuelan oil to Indian refiners, trade
India's top refiner, Indian Oil Corp (IOC),opens new tab, is set to receive 1.2 million barrels of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000
Indian refiners are expecting tankers of Venezuelan crude from Vitol, media reported on Tuesday, after Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals (MRPL)
The Economic TimesVenezuelan oil: India confirms buying oil from Venezuela after
India plans to buy Venezuelan oil due to its refiners' ability to process heavy crude oil. Reliance Industries, Indian Oil Corp, and HPCL-Mittal Energy have resumed Venezuelan oil
(venezuelanalysis) Venezuela's state oil company PDVSA will reportedly restart oil exports to Indian refiner Reliance Industries.According to Bloomberg, India's
spglobalIndian state refiners set to join forces to bolster Venezuelan
More Venezuelan crude oil set to flow to India in 2025 : S&P Global India's OVL awaits green signal to lift Venezuelan oil cargoes Reliance was top Indian buyer of Venezuelan crude
Struggling Venezuelan state oil firm PDVSA has sold its stake in the Cienfuegos refinery to Cuba
The Institute for Energy ResearchTrump Puts Tariffs on Countries that Buy Oil from Venezuela,
Most of Venezuela's proven oil reserves are extra-heavy oil from the Orinoco Belt. Venezuela's oil production and exports have been increasing due to President Biden's easing of
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Cuban oil tankers becoming regular visitors to Mexican ports
The crude is a better fit for Cuba's aging refineries than Venezuela's heavy oil. Venezuela in recent years has struggled to produce enough fuel for domestic needs, reducing
Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South
American Enterprise Institute AEISanctions on Russia and the Splintering of the World Oil Market
Sanctions impose costs on Iran, Russia, and Venezuela by forcing them to sell oil below market prices. However, sanctions also provide benefits to countries that buy cheap oil.
China has maintained purchases of Venezuelan oil ever since the US imposed sweeping sanctions against the country six years ago. Petroleos de Venezuela keeps the crude
pinterestVenezuela Sells Oil Refinery Stake To Cuba OilPrice
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India's top refiner, Indian Oil Corp. (IOC), is set to receive 1.2 MMbbl of Venezuelan oil while Mangalore Refinery and Petrochemicals (MRPL) will get 800,000 bbl of oil, the sources
- Will India buy Venezuelan crude oil?
- Government-controlled refineries in India, including Bharat Petroleum and Hindustan Mittal Energy, are reportedly seeking to purchase Venezuelan crude oil, joining Reliance Industries in the competition for discounted barrels. The move comes as Venezuela's role in the global oil market shifts following the US relaxing sanctions on the nation.
- Will India's state refiners import Venezuelan oil?
- Still, the overall volumes that India’s state refiners can import will be low as they are limited in their capacity to process Venezuelan oil, according to R. Ramachandran, former refinery head of Bharat Petroleum. (Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times .)
- Did India buy 2 million barrels of Venezuelan crude from Vitol?
- REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights NEW DELHI/HOUSTON, Oct 8 (Reuters) - Two Indian state refiners have bought 2 million barrels of Venezuelan crude from trading house Vitol for November delivery, trade sources said, as shipments to what previously was Venezuela's second largest oil market continue to grow.
- Does MRPL buy oil from Venezuela?
- While IOC's 300,000-barrels-per-day (bpd) Paradip refinery can process Venezuelan oil, MRPL has limited appetite for heavier grades such as Merey and has rarely bought oil from Venezuela. In July, India's Reliance Industries Ltd (RELI.NS) received U.S. authorization to resume importing oil from Venezuela, sources said.
- Is Hindustan Mittal buying Venezuelan oil?
- Hindustan Mittal Energy Ltd ., a smaller state-owned processor, is already buying Venezuelan oil, another person with the direct knowledge of the matter said. Venezuela’s role in the global oil market is shifting after the US relaxed sanctions on the nation, raising the prospects of greater crude sales.
- What happened to Venezuela's crude oil refining unit?
- A refining unit at Venezuela's largest crude processing facility has broken down, halting production, according to three people familiar with the operations. (Reuters/Carlos Garcia Rawlins/File Photo) Venezuela's crude oil refining unit at the key gasoline producing plant is not functioning.
