hot selling DoP asks NPPA to review Venezuela

  • hot selling DoP asks NPPA to review Venezuela
  • hot selling DoP asks NPPA to review Venezuela
  • hot selling DoP asks NPPA to review Venezuela
  • Will US reimpose sanctions on Venezuela's oil & gas sector?
  • Link Copied! El Palito refinery of the Venezuelan state oil company PDVSA is seen, in Puerto Cabello, Venezuela, on February 10. The United States will reimpose sanctions on Venezuela’s oil and gas sector in response to the Maduro government’s failure to allow “an inclusive and competitive election” to take place.
  • Will US sanctions on Venezuela push up oil prices?
  • Mindful of the risk that fresh sanctions on Venezuela might push up oil prices in a US election year, Washington will allow US major Chevron to continue a joint venture with Venezuela’s national oil company PDVSA, which has been steadily increasing output.
  • Will Venezuela keep growing without sanctions?
  • Venezuela will keep growing with or without the sanctions,” Tellechea claimed. The United States will reimpose sanctions on Venezuela’s oil and gas sector in response to the Maduro government’s failure to allow “an inclusive and competitive election” to take place.
  • Is Venezuela ready to bear the cost of US sanctions?
  • Venezuela’s oil minister Pedro Tellechea told CNN on Wednesday the country is ready to bear the cost of reimposed sanctions from the United States. “With these sanctions and the war in the Middle East, oil prices will spike and that will push to higher gas prices in the US.
  • Does Chevron have a natural resource license in Venezuela?
  • The Treasury Department’s Office of Foreign Assets Control on Saturday issued Venezuela General License 41, which authorizes Chevron to “resume limited natural resource extraction operations in Venezuela,” according to a news release from the Treasury Department. This is a 6-month license, and the US can revoke it at any time.
  • Will tightening sanctions hurt Venezuela's long-term recovery?
  • Analysts said the decision to tighten sanctions on the oil sector would have a limited short-term impact on Venezuela’s current production and exports but would hurt its long-term recovery.

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