- Venezuela's crude is increasingly bought by India, and ONGC seeks to purchase PDVSA's holdings, while Shell and Repsol are active in the country.
- Shell has secured preliminary agreements for access and joint ventures within Venezuela's oil sector.
A billionaire is linked to a Venezuelan oil deal, involving Shell and the application of US sanctions.
1 report, 1 independent
Updated Aug 29
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What happened
A billionaire is linked to a Venezuelan oil deal, involving Shell and the application of US sanctions.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Shell
British multinational oil and gas company
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Jaime Gilinski
Colombian banker and financier
Nothing else this week.
Related events
- Corporate shifts include Dow exiting a petrochemical project, Eni operating in Venezuela, Enbridge acquiring a pipeline business, investment in Vaca Muerta shale, and Shell selling its U.S. gas plant.
- Sanctions in the Middle East impacted oil prices, affecting Shell stock, while mining companies Fresnillo and Endeavour Mining benefited from commodity price rises.
- Colombia imposes stricter rules on oil investors, leading to Shell's withdrawal from offshore gas projects, while Big Oil boosts presence in Guyana and Suriname.