Citgo is facing unprecedented challenges to its finances and management after the US imposed sanctions on PDVSA
11 February, 2019, 20:44
PDVSA also ordered its Petrocedeno joint venture with Equinor and Total to halt extra-heavy oil output and upgrading due to a lack of naphtha needed to make the production exportable, as the sanctions prohibit USA suppliers of the fuel from exporting to Venezuela.
Juan Guaidó, the legislative body's chairman, has proclaimed himself the interim president of Venezuela, challenging President Nicolás Maduro's rule.
Venezuela's oil production has dwindled in the last two decades, from more than 3 million barrels per day (bpd) at the beginning of the century to between 1.2 million and 1.4 million bpd by late 2018. The bottleneck has caused problems for PDVSA to continue producing and refining oil without imported diluents and components.
Venezuela's Oil Minister and President of Venezuelan state-run oil company PDVSA Manuel Quevedo (C) arrives to attend the Petrotech conference in Greater Noida, India, February 11, 2019.
The Venezuelan oil minister, who now holds the rotating presidency of the Organisation of the Petroleum Exporting Countries (OPEC), said it was important to listen to all the consuming countries that represent oil demand to maintain the balance of demand and supply in the markets. "We have a good relationship with India and we want to continue this relationship".
"US exercises kidnapping of resources around the world".
Venezuela will need to make a lot more such sales to sustain its oil industry.
Last year, when asked by Iran for support, OPEC did not issue any formal comments on the US sanctions on Iran either. That has turned oil ships into floating storage facilities.
The United States and dozens of other countries have recognized Guaido as the nation's legitimate head of state.
Citgo Petroleum Corp is a unit of PDVSA and Venezuela's top foreign asset.
Maduro is refusing to step down or call for a new election, accusing the USA of orchestrating a coup attempt. "But we stress that no new accounts were opened and are planned to be opened in the bank", the spokesman said. "Now they want to steal Citgo Petroleum from Venezuela", Quevedo said, confirming Venezuela's efforts to remove the two US executives from the board. "The United States is simply trying to eliminate competitors".
They dispute that if wrong approach to dread off the bears fail a cull might well perhaps be the one resolution. An emergency has been declared on the Novaya Zemlya archipelago in Russia's Arkhangelsk region.
An Afghan official, speaking on the condition of anonymity, told Reuters that even the suggestion of US troops leaving was risky . Afghanistan and neighboring countries are also concerned about the effect of a sudden withdrawal of USA forces on the region.
She said told Elle magazine in December 2018: " I don't feel a void ". "I don't have time to get her a present". A source apparently confirmed to People that Aniston's ex-husband was, indeed, in attendance.
The assailant's auto had a temporary license plate attached to it, with the partial tag of either "CFJ7", or "CFF7". The woman is first seen in the video arriving on foot, followed by a white vehicle .
A Winter Weather Advisory is in effect for the entire state for a period of snow, followed by a change to wintry mix and rain. A special weather statement has been issued for Waterloo Region, Wellington County and much of Southern Ontario.
Spurs though threw the first punch after Davidson Sanchez nodded home Christian Eriksen's inch-perfect cross on 33 minutes. Still angry about the decision after the match, Pochettino fumed: "It's unbelievable".
In this way, the app creates a real-time and immersive navigation for the user based on what he sees around him. The company originally introduced the AR navigation feature at a developers conference previous year .
But the current death toll is believed to be the deadliest outbreak since a similar case killed 172 in West Bengal in 2011. Twenty-two people were admitted to hospitals in Saharanpur but were in stable condition, Pandey said.
The Nashville-based band says in a statement the service will be held Monday at Belmont University, Yorlets' alma mater. Police recovered the stolen pickup truck by Thursday evening and arrested the suspects at a Walmart in West Nashville.
It's just that I simply don't believe Tennessee and Gonzaga have done anything to deserve to drop below the Blue Devils. The rest of the country must accept this reality: When Duke hits 3-pointers, it is almost impossible to beat.
It was the largest comeback in the National Basketball Association in the last two seasons and the largest in Clippers history. This is what we're going with. "It's unacceptable what we did tonight for a team of our caliber".
Brewing storm could bring 25-35 cm of snow to North Bay
Our storm system will surge northward late Monday night , once again spreading wintry weather throughout the Garden State. Download the WILX Weather Authority App for the latest radar and updated forecast on your smartphone.
The Best National Pizza Day Deals
Plano, TX ( RestaurantNews.com ) It may now officially be the off-season, but Pizza Hut has one more move left in its playbook. If you need a LOT of pizza , like a LOT of it, Cici's has you covered with three medium one-topping pizzas for $12 total.
Tensions rise on Israel-Gaza border
The degree of violence on several occasions escalated into cross-border exchanges between Hamas and Israeli forces. The militant Hamas group demands an end to the Israeli-Egyptian blockade imposed on the territory since 2007.
Thai King Dashes Sister's Political Dreams
The junta leader, Prayut Chan-o-cha, is also contesting the race for prime minister, as the candidate of a pro-military party. Before the withdrawal, Paiboon sent a letter to the Election Commission to request suspension of her nomination.
Cardi B Performs ‘Money’ at Grammys
She accessorised her look with white gloves which featured long tassels falling from the garments. This is Grande's first Grammy . "Trust I tried and still truly wished it had worked".
Rajinikanth dances for 'Oruvan Oruvan' song at Soundarya`s
She made her directorial debut with " Kochadaiiyaan ", in which her father starred, apart from founding Ocher Picture Productions. The wedding, which took place between 9 am and 10.30 am, was followed by a reception for family and business friends.