PDVSA, operating in Caracas, is selling crude and spot cargoes to international buyers, including India's refiner Reliance Industries and Phillips 66.
3 reports, 1 independent
Updated Jul 23
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What happened
PDVSA, operating in Caracas, is selling crude and spot cargoes to international buyers, including India's refiner Reliance Industries and Phillips 66.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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PDVSA
Venezuelan government-owned oil company
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Phillips 66
American energy and logistics company
Related events
- PDVSA operates within the Venezuelan state structure.
- Orlen sought to buy Venezuelan oil despite sanctions.
- PDVSA, the Venezuelan oil company, has undergone a major restructuring under Hugo Chávez, relegating foreign oil firms to minority partnerships.
- Individuals led a previous PNM government approach, highlighting structural interdependence between resources involving PDVSA and Trinidad and Tobago.
- The Trump administration seeks access to Venezuelan crude reserves as part of ongoing discussions regarding oil output and political recovery.