Negotiations are underway regarding improved fiscal terms and a cross-border pipeline framework to enhance oil production involving Venezuela, an unnamed oil producer, and Iraq.

The entities involved

• Venezuela →

  Country in Latin America

  • The Organization of American States (OAS) is currently gathering to address and resolve political crises in several member states, including Haiti, Venezuela, Guatemala, and Nicaragua.Mon 13:11
  • Fundraising supports aid work in Venezuela.Mon 11:26
• Iraq →

  sovereign state in Western Asia

  • Basra hosts the Grand Faw Port project, serving as a key transit hub for trade routes connecting China and Europe.Mon 17:06
  • Oil flows through the Strait of Hormuz as geopolitical risks in the Middle East affect oil prices, with Iraq ready to resume production.Mon 16:22

Related events

• The US is seeking investment to revive Venezuela's struggling oil sector, with talks focused on heavy crude reserves in Monagas state.Jul 30
• Rystad Energy analyzes Venezuela's oil sector and production challenges, offering competitive fiscal terms for a new oil deal.Sep 2
• Oil flows to U.S. reserves via government demand, alongside plans to invest $7 billion in Venezuelan oil production.Sep 21
• Strategic objective is set to monetize oil reserves as the government mandates structural reforms for investment in the sector.Sep 4
• Halliburton and SLB are nearing multibillion-dollar oilfield expansion agreements in Venezuela.Sep 8