Supertankers sailing to pick up Venezuelan oil for China make U-turn, ship data shows
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Supertankers sailing to pick up Venezuelan oil for China make U-turn, ship data shows
Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the US oil embargo on the OPEC country have made U-turn and are now heading back to Asia, LSEG shipping data showed on Jan 12. Following the US announcement last week of a US$2 billion (S$2.6 bil»»»
Venezuela needs $58bn to restore pre-Chavez crude output levels
State oil firm PDVSA would need $58bn in investment to get back to the levels it was producing in 1998, Reuters news reports, citing a document the news agency viewed. Venezuelan state oil company PDVSA would need $58bn in investment to revive its crude production to the levels of 1998 before ex-Pr»»»
Venezuela needs $58 billion to restore crude output to 1998 levels - document
CARACAS (Reuters) - Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen by Reuters shows. In the February 2021 doc»»»
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