Africa's largest economy, which relies
on crude sales for around 70 percent of government revenues, has been hammered by the more than 50 percent fall in oil prices since June last year.
A move to directly target Venezuela's oil industry would be a huge blow to Maduro's socialist administration, which is depending almost entirely
on crude sales to try and decelerate a deepening economic crisis.
That would be a potentially crippling blow to the Maduro government, which depends almost exclusively
on crude sales to sustain what's left of the economy.
Not exact matches
Potential U.S. sanctions
on sales of light
crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.
A lack of oil - moving infrastructure to handle the rising volumes of
crude from western Canada put domestic oil
on sale.
While
crude oil prices might never get back to their past highs, an upward turn could transform Transocean (NYSE: RIG), Dawson Geophysical (NASDAQ: DWSN), and Encana (NYSE: ECA) into profit - friendly investments to buy
on sale.
KRG says independent tanker loadings to begin The Kurdistan Regional Government (KRG) has announced that it will market
crude from oil fields under its control sent autonomously of Iraq's central government to the Turkish port of Ceyhan in a pipeline it claims as its own, with the first shipment up for
sale before the end of January.
On the KRG's website late
on Jan. 8, the Ministry of Natural Resources (MNR) gave «public notice of the commencement of the
sale of its first shipment of
crude oil exported via Kurdistan Region's new...
Crude oil was little changed near a five - month high as pending
sales of U.S. existing homes jumped along with spending
on construction projects.
Although current U.S. law prohibits raw
crude from being sold abroad, the
sale of 3.5 million barrels a day of refined products such as gasoline and diesel is, ostensibly, helping to keep a cap
on the price of oil elsewhere in the world.
HOUSTON (Reuters)-- Potential U.S. sanctions
on sales of light
crude to Venezuela's oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in Continue Reading
A
crude levy
on sales is far from perfect, but might add impetus to longer - term international reform efforts.
ABUJA — Nigeria's woes in the area of dwindling revenue from
crude oil
sales is expected to heighten in the next couple of days, as the South African Petroleum Industry Association, SAPIA, yesterday, stated that South Africa would likely stop importing
crude oil from Nigeria following the lifting of the sanctions
on Iran.
According to a U.S. Supreme Court decision
on June 25, oil giant ExxonMobil will pay the equivalent of 24 hours» worth of petroleum
sales to the people impacted by the 11 million gallons of
crude oil spilled into Prince William Sound in Alaska.
Sorry if that sounds
crude but the Ferrari F12tdf exudes a desirability and aggression that might make it the most desirable car
on sale today.
A Nigerian man with few opportunities enters the profitable - but - dangerous world of smuggling
crude oil out of the Niger Delta for
sale on the international market.
... Russian oil and gas
sales, he points out, have always emphasized long term, 20 year, «take or pay» pipeline contracts, with the cost of gas based
on a basket of
crude oil and oil product pricing.
But, if the goal is generating revenue for government to fund worthy projects, rather than a series of one - time
sales, why not lift the ban
on U.S.
crude oil exports and create an annual revenue stream?
Our experience includes advising
on joint venture agreements (both incorporated and unincorporated); Front End Engineering Design and engineering, procurement, and construction contracts; technology licensing agreements; tolling agreements; feedstock / fuel supply contracts; offtake contracts (including
crude oil, gas, product, and LNG
sales contracts); transportation agreements; and operating and maintenance agreements, as well as the full complement of debt and equity financing documentation.