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US sanctions are disrupting shipments of diluents to Venezuela, exacerbating the shortage.
Reporting from and multiple outlets says the completed an initial sale of oil valued at roughly $500 million and that at least some of those proceeds are being held in bank accounts with a significant...
Venezuelan heavy crude is so viscous and acidic that it must be thinned with lighter hydrocarbons called diluents (naphtha, condensate, light oil) before it can be pumped, blended for export, or proce...
Crystallex converted an April 2016 ICSID award into a U.S. federal judgment and pursued veil‑piercing remedies to attach PDVSA/CITGO shares in Delaware, initiating a judicial‑sale process to satisfy i...