Venezuela sells oil refinery to Cuba | Loop News
Venezuela sells oil refinery to Cuba. ... A former Venezuelan government official stated that Cuba had taken PDVSA’s 49 percent stake in the refinery as a payment for debts incurred by Venezuela ...
The main reasons why Venezuela is sending large quantities of subsidised cheap oil to Cuba: 1. The subsidies are payment for a number of Cuban health personnel working in Venezuela.
Cuba Expands Fuel Imports From Algeria As Venezuela Falters
Venezuela’s state oil company PDVSA held 49 percent in the refinery, and according to a former government official from the South American country, Cuba took over the stake as payment for debts ...
Venezuela Sells Oil Refinery Stake To Cuba By Irina Slav - Dec 15, 2024, 9:00 AM CST Venezuela has sold its stake in the Cienfuegos refinery to its partner in the joint venture, Cuba.
Venezuela Sells Cienfuegos Oil Refinery Stake To Cuba
Venezuela Sells Cienfuegos Oil Refinery Stake To Cuba 16th December 2024 lux-admin Finance 22432 Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said on Thursday.
Venezuela's crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening to ...
$4bn oil refinery project for Grand Bahama | Tank News
$4bn oil refinery project for Grand Bahama The government of the Bahamas has given approval to Oban Energies to commence construction of an oil refinery and oil storage facility in Grand Bahama. The project is expected to create 600 direct jobs, 1,000 indirect jobs during construction and have an estimated project cost of more than $4bn.
Sahara is negotiating with Total to buy the French oil company's stakes in refineries in Cameroon, cote d'ivoire and Senegal and it is also looking to take a controlling stake in Zambia's only refinery, Shonubi said. "Our objective is to upgrade all these refineries. It is strategic for us to be shareholders, it is strategic to ensure that ...
Will oil prices recover in 2024? | Refinitiv Perspectives
Oil prices have steadied since their turbulent end to 2024. As the global energy market gathers in London for the IP Week conference, the latest piece in our commodities outlook series examines the OPEC and non-OPEC supply-demand balance and its impact on 2024 oil price expectations.
Saudi Aramco has agreed to acquire Royal Dutch Shell’s 50 per cent stake in Saudi refining joint venture in Jubail Industrial City for $631 million.. Abdulaziz Al-Judaimi, Saudi Aramco‘s Senior Vice President of Downstream, said, “Saudi Aramco will take full ownership and integrate the refinery into its growing downstream portfolio.”
Belarus in talks to sell Naftan refinery to Lukoil
Belarus in talks to sell Naftan refinery to Lukoil, Rosneft – Semashko MINSK. April 8 (Interfax) – The Belarusian government is in talks with Russian oil companies Rosneft (RTS: ROSN) and Lukoil (RTS: LKOH) on sale of a stake in the Naftan refining concern in exchange for strategic investment.
Nigeria needs new refineries; fixing the old is waste
The Dangote Refinery, Africa’s biggest oil refinery is scheduled to be completed and go online next year, also. Fuel subsidies cost Nigeria N648bn ($1.8bn) last year as the country caps gasoline prices at N145 a litre, according to data from the Budget Office. The IMF has urged the government to lift the cap on prices.
US Treasury further targets entities and vessels moving
Pursuant to Executive Order (EO) 13850 the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated an additional four entities that operate in the oil sector of the Venezuelan economy. OFAC has also identified four vessels that transport oil and other petroleum products from Venezuela to Cuba as blocked property owned…
REFINERY NEWS ROUNDUP: Planned and unplanned works
The refinery last underwent maintenance in October 2024. The refinery is expected to be sold in the coming months. The Zambian government began the process of selling the refinery in late 2024. In March, privately owned Sahara Group said it is hoping to buy a 70% stake in the state-owned refinery, its executive director said.
SOCAR, Sberbank form JV to process oil at Antipinsky
The refinery was shut down in April because it did not have money to buy crude for processing. Under the arrangement, the owner of the oil will supply it to the refinery, pay for processing services, and then receive the refined oil products and sell them independently.
Saudi Arabia Crude Oil Refinery Outlook to 2024
Saudi Arabia Crude Oil Refinery Outlook to 2024 is a comprehensive report on crude oil refinery industry in Saudi Arabia. The report provides oil production, consumption and exports details from 2000 to 2024 along with oil reserves for the period 2000 to 2015.
From refinery: MDO – Marine Diesel Oil Price on Enquiry
Sell From refinery: MDO – Marine Diesel Oil Price on Enquiry by V&W International Trading Partners LLC – Exporters.SG
The Relationship Between Oil And Stock Prices – FXCM UK
Although somewhat-volatile, a positive correlation between WTI Crude Oil pricing and the S&P 500 from June 2011 to December 2015 was observed. [3] Essentially, as the price per barrel of WTI crude oil rose, so did the S&P 500. Interpretations And Conclusions. Seemingly several times every year the oil/stock price analogy is revisited by …
