Tag: Venezuela
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Blacklisted oil tankers transporting fuel from Venezuela to Cuba
Venezuela is trying hard to help its beleaguered Latin neighbor, Cuba, by transporting large amounts of fuel on board oil tankers on the US blacklist, which could expose it to potential legal problems. Maritime documents showed that the state oil company, Petroleos de Venezuela, had transported Venezuelan crude and some fuel derivatives to Cuba on…
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US ConocoPhillips is trying to recover its debt to Venezuela with an oil sale deal
The US company ConocoPhillips is seeking to settle the Venezuelan oil sale agreement in its favor, in an attempt to recover its dues from the South American country. The agreement, if completed, allows the American company to take over the task of transporting Venezuelan crude and selling it in the United States, according to what…