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(also spelled PetroCedeno or Petrocedeño), originally the in , is owned and operated today by after it acquired the remaining minority stakes from Total and Equinor; the facility’s nameplate capacity ...
China’s CNPC and Sinopec acquired and preserved stakes in Venezuelan oil through a mix of Chávez-era restructurings that forced foreign firms into joint ventures, large China-backed loans tied to oil ...
The Treasury Department’s November 26, 2022 General License 41 (GL 41) carved out a narrow, conditional permission for Chevron to operate its pre-existing joint ventures with Petróleos de Venezuela, S...
Since 2018 the United States’ sanctions architecture has repeatedly carved out humanitarian space for medical goods to Venezuela through general licenses and FAQs, but OFAC’s layered licensing regime ...
ConocoPhillips and ExxonMobil have secured major arbitration victories against the Bolivarian Republic of Venezuela under international investment tribunals—principally the World Bank’s International ...