Venezuela sells oil refinery to Cuba. Neisha Ramdass Created : 18 December 2017 Energy (Photo: Oilprice.com) The Camilo Cienfuegos oil refinery, located approximately 250 kilometres south of the ...
Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba. Venezuela’s state oil company PDVSA held 49 percent in the refinery, and according to a former government official from the South American country, Cuba took over the stake as payment for debts that had been incurred from tanker rentals and professional services, Reuters reported.
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Venezuela Sells Oil Refinery Stake To Cuba. Dec 15, 2017 at 08:29 | Irina Slav. Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba. Venezuela’s ...
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Venezuela is one of the world's largest exporters of oil and has the world's largest proven oil reserves at an estimated 296.5 billion barrels (20% of global reserves) as of 2012.. In 2008, crude oil production in Venezuela was the tenth-highest in the world at 2,394,020 barrels per day (380,619 m 3 /d) and the country was also the eighth-largest net oil exporter in the world.
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PDVSA to Sell Refinery Stake to Russia, Chavez Says. Oct 14, 2010· Petroleos de Venezuela SA, the state-owned oil company, agreed to sell a German refinery stake to a Russian company, President Hugo Chavez said, without naming the potential buyer or the refinery. Get Price
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China Oil, the trading arm of oil firm CNPC—wary of provoking US sanctions—cancelled deliveries in August. CNPC will now extend the embargo on direct imports of Merey blend, a mix of Venezuelan crude and bitumen, for a third consecutive month. China has previously been one of the Venezuela
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Venezuela oil exports slump to a 28-year low . Bloomberg Venezuela oil tankers sit in the Guaraguao oil terminal, Puerto La Cruz, Anzoategui state, Venezuela, on Feb. 7, 2025. Video: Oil Spikes as Saudi Arabian Exports Fall in December - Sales fall as production hit the lowest levels since the 1940s
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(OilPrice.com, Nick Cunningham, 12.Jul.2025) – Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut...
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Oil Market Update... Clive Maund Mar 14 . Oil Market Update... Clive Maund Dec 12 . Oil Market Update - consequences of Saudi attacks... Clive Maund Sep 18 . Oil Market Update Cli
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Venezuela Sells Oil Refinery Stake To Cuba By Irina Slav Dec 15, 2017, 9:00 AM CST Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba.
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19-12-2017· Oil traders are actually expecting steep production losses from one of the world's largest producers are likely to be underestimating the severity of the country's crisis. Analysts believe that it would be unwise to assume that Venezuelan production losses will simply mirror the several hundred-thousand barrels per day losses seen in 2014.
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Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba. Venezuela’s state oil company PDVSA held 49 percent in the refinery, and according to a former government official from the South American country, Cuba took over the stake as payment for debts that had been incurred from tanker rentals and professional services, Reuters reported.
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Venezuela sells oil refinery to Cuba. A former Venezuelan government official stated that Cuba had taken PDVSA’s 49 percent stake in the refinery as a lower Venezuela oil supplies and
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Venezuela has sent 1 million barrels of crude to Cuba despite pressure from the United States to suspend these shipments, Reuters reports citing a PDVSA document as well as shipping data
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Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice
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Venezuela Sells Cienfuegos Oil Refinery Stake To Cuba 16th December 2017 lux-admin Finance 23894 Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the
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Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Cuba Takes Over Venezuela Stake In Refinery Trump Wants to Sell 15 Million Barrels From US Oil
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A former Venezuelan government official said Cuba had taken Venezuelan state oil-firm PDVSA's 49 percent stake in the Cienfuegos refinery as payment for debts it said the country incurred. The source added that Cuba said Venezuela owed it for professional services provided as
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The world’s largest oil exporter started a price war on Saturday by slashing the prices it sells crude into foreign markets by the most in at least 20 years, offering unprecedented discounts in Europe, the Far East and the U.S. to entice refiners to purchase Saudi crude at the expense of other suppliers.
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Venezuela is grappling with a crippling economic crisis that already forced it to slash cheap oil shipments to Cuba, which has had a knock-on effect on the island's ailing economy. Cuba takes over Venezuela stake in refinery joint venture Oil, Gas & Petrochem Equipment
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Chinese Oil Refiner Says No to Crude Oil From Russia’s Rosneft Serene Cheong and Sharon Cho,Bloomberg News (Bloomberg) -- The trading arm of a Chinese state-owned refiner is turning away crude from Russian energy giant Rosneft PJSC, the parent of a unit hit by U.S. sanctions.
Get PriceAs Venezuela’s oil production plunges toward 1 million barrels a day, the lowest level in seven decades, the country is running out of cash to pay for food and medicine.
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5-11-2008· VENEZUELA: Falling oil price oil refinery project in Nicaragua is being 'postponed'. •Cuba could face a reduction in its 90,000 b/d of heavily subsidized crude oil
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Separately, Japanese refiner Fuji Oil plans to increase its gasoline sales to Idemitsu Kosan during the January-March quarter amid the ongoing outage of the latter's 70,000 b/d Keihin refinery in Tokyo Bay, a company spokesman said. Idemitsu Kosan has a 6.66% stake in Fuji Oil.
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Venezuela Sells Oil Refinery Stake To Cuba. Tesla Is "Headed For A Brick Wall" Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures. IEA: "2025 Might Not Be Quite So Delighted For OPEC Producers" Goldman Bullish On Oil Markets. OPEC Member Nigeria To Concern Africa's First Sovereign Green Bond.
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Venezuela is about to experience its most critical situation since it started to be an oil producing and exporting country: to pay international prices (allegedly it will be raised to 1.10$ per liter) for those who don't register for a vehicle national database, which will receive subsidies for gasoline, but such a measure is qualified as a political manipulation by the venezuelan government.
Get PriceSeparately, Japanese refiner Fuji Oil plans to increase its gasoline sales to Idemitsu Kosan during the January-March quarter amid the ongoing outage of the latter's 70,000 b/d Keihin refinery in Tokyo Bay, a company spokesman said. Idemitsu Kosan has a 6.66% stake in Fuji Oil.
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Venezuela Sells Oil Refinery Stake To Cuba. Tesla Is "Headed For A Brick Wall" Norwegian Pension Fund Set to Divest From Oil Sands and Coal Ventures. IEA: "2025 Might Not Be Quite So Delighted For OPEC Producers" Goldman Bullish On Oil Markets. OPEC Member Nigeria To Concern Africa's First Sovereign Green Bond.
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10-3-2020· CARACAS Venezuelan state-owned oil giant PDVSA said it has removed itself from “a bad business venture” by selling its 50 percent stake in a German refinery to Rosneft, Russia’s largest
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Fire engines are seen at an oil refinery in the city of Taoyuan, southeast China's Taiwan, Jan. 29, 2025. An explosion occurred at an oil refinery in Taoyuan at 6:42 a.m. Monday. More than 40 fire engines were sent to the scene. The fire has been brought under control and no casualties have been reported. (Xinhua/Yue Yuewei)
Get PriceVenezuela is trying to develop new markets for its oil at a time of increasing friction with its main customer, the United States. But a significant short-term shift in oil relations between
Get Price“Even before the rise of the oil industry Venezuela did not have a providing subsidized oil to Cuba in exchange for the services of Cuban doctors and teachers. He sells oil to other South
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Interesting question. One would think that with all the anti-Yankee and anti-imperialist rhetoric constantly spewing out of Maduro’s limited mind, he would have long ago stopped selling oil to the US, but the truth is, the dictator cannot stop the...
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5-5-2011· Russian state oil company Rosneft buys stake in BP's German refinery venture BP has cemented its relationship with Rosneft, after the Russian state oil company bought a stake
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PDVSA off the Cien Fuegos oil refinery, Cuba takes over Venezuela stake in joint venture . By Sarah Marsh and Marianna Parraga . HAVANA/HOUSTON Petroleumworld 12 15 2017. Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said on
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China Oil, the trading arm of oil firm CNPC—wary of provoking US sanctions—cancelled deliveries in August. CNPC will now extend the embargo on direct imports of Merey blend, a mix of Venezuelan crude and bitumen, for a third consecutive month. China has previously been one of the Venezuela
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