The oil Chevron Corp has begun to supply fuel to the state company PDVSA following Washington’s approval of a license for the oil and gas sectors of Venezuela, three people familiar with the matter said Thursday. Chevron and PDVSA had previously stuck to an agreement signed in 2022 to expand some operations, which included exchanging […]
Tag: oil
Loreto: oil canon and surcharge law modified to allocate more resources to municipalities
The Government of Peru enacted Law 31934, a law that modifies article 8 of Law 24300 and improves the distribution of canon and overcanon in Loreto. Device comes into force from January 1, 2024. The norm was approved by insistence on November 9, with 100 votes in favor, 1 vote against and 6 abstentions. In […]
Pemex resumes trade with Vitol almost three years after corruption scandal
The Mexican Pemex has returned to doing business with Vitol, three sources with direct knowledge of the matter told Reuters, almost three years after the oil The state government banned dealings with the world’s largest independent energy trader over a corruption scandal. The ban was made after Vitol publicly acknowledged in December 2020, in an […]
They propose the industrialization and diffusion of the consumption of Peruvian olives
Congresswoman Betssy Chávez Chino, from the parliamentary group Peru Libre, presented a bill that proposes promote the industrialization and diffusion of the consumption of olives and Peruvian olive oil, in order to generate development in the olive sector. “As well as improving their productivity and competitiveness. Also, declare the fourth Saturday of the month of […]
Oil prices continue to climb – Brent barrels at over $ 80
Oil prices continued their soaring on Tuesday. The reasons for the high oil prices are the strong demand, which is offset by a shortage of supply. US crude oil was trading at a two-month high: WTI rose to $ 75.03 and a barrel of Brent cost $ 80.19, which means it hadn’t been so expensive […]