Nicolas Maduro News

28 May 2020

Fourth Iranian Fuel Docks in Venezuela

© Seongwoo Seo / MarineTraffic.com

The Venezuelan navy said it escorted a fourth tanker bringing Iranian fuel through its waters on Thursday, while the United States called the shipments to the gasoline-starved country a distraction from problems facing President Nicolas Maduro.The oil industries of Iran and Venezuela are both under U.S. sanctions. Iran is providing its fellow OPEC member up to 1.53 million barrels of gasoline and refining components to help ease an acute shortage, the result of the near-complete…

25 May 2020

Iranian Tanker Docks in Venezuela

Iranian tanker Fortune file photo (© Rutger Hofma / MarineTraffic.com)

The first of five Iranian tankers carrying fuel to Venezuela has moored at a port serving the El Palito refinery, the oil minister said on Monday, and Refinitiv Eikon data showed a second vessel had entered its waters.Iran is providing Venezuela with 1.53 million barrels of gasoline and refining components in a move criticized by U.S. authorities as both countries are under U.S. sanctions, according to the governments, sources and calculations by TankerTrackers.com.Refinitiv Eikon data showed that the tanker Fortune docked at one of El Palito's berths around 1 a.m.

25 May 2020

Iran Fuel Shipment Nears Venezuelan Shores, Maduro Thanks Tehran

Fortune Tanker file photo - Credit:Rutger/Hofma - MarineTraffic

The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA's ports as President Nicolas Maduro thanked Tehran on Sunday.Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticized by U.S. authorities as both nations are under Washington's sanctions, according to the governments, sources, and calculations by TankerTrackers.com.Tanker Fortune was due to arrive at PDVSA's El Palito port…

20 May 2020

Venezuela's Military to Escort Iranian Tankers

© Vladimir / Adobe Stock

Venezuela's military will escort Iranian tankers bringing fuel to the gasoline-starved country as soon as they enter its exclusive economic zone, Defense Minister Vladimir Padrino said on Wednesday.His comments came after Venezuelan opposition leader Juan Guaido said the shipment should "alarm" Latin America. Both OPEC members are U.S. adversaries whose oil industries are under U.S. sanctions. Trump administration officials say Washington is considering a response to the shipment.The tankers - Fortune…

18 May 2020

Iran Warns US Against Any Move on Fuel Shipment to Venezuela

© MarineTraffic.com

An Iranian news agency close to the elite Revolutionary Guards said on Saturday there would be repercussions if the United States acted “just like pirates” against an Iranian fuel shipment to Venezuela.A senior official in President Donald Trump’s administration told Reuters on Thursday the United States was considering measures it could take in response to Iran’s shipment of fuel to crisis-stricken Venezuela.The oil sectors of Iran and Venezuela, members of OPEC, are both under U.S. sanctions.

15 May 2020

PDVSA Creates New Ports Unit Amid Company Shakeup

© Francis / Adobe Stock

Venezuela's state-run oil company Petroleos de Venezuela has created a new unit to run its oil terminals, according to a copy of the government's official gazette seen by Reuters and a person with knowledge of the matter.The launch of the new unit, PDV Puertos S.A., comes after socialist President Nicolas Maduro last month named a new PDVSA president and oil minister to try to revive the once-prosperous OPEC nation's crude output, which has fallen to decades-lows due to years of underinvestment and mismanagement as well as U.S.

24 Apr 2020

Significant COVID-19 Outbreak on US Navy Destroyer

File photo: USS Kidd (DDG 100) (U.S. Navy photo by Crishanda K. McCall)

U.S. Navy destroyer USS Kidd (DDG 100) is believed to have a significant coronavirus outbreak on board as it carries out a counter-narcotics mission in the Caribbean, U.S. officials told Reuters on Friday, marking the latest challenge for the military in dealing with the virus.The officials, speaking on condition of anonymity, said that over a dozen sailors had tested positive for the virus. Given the size of ship, usually only a few hundred sailors, an outbreak like this is likely…

23 Mar 2020

Coronavirus-related Inspections Delay Venezuelan Oil Exports

© Igor Dashko / MarineTraffic.com

At least two cargoes of Venezuelan crude have been delayed due to health inspections aboard tankers to prevent the spread of the coronavirus, according to an internal document from state oil company Petroleos de Venezuela seen by Reuters.The delays add to a growing glut of tankers loaded with Venezuelan crude that preceded the coronavirus crisis as U.S. sanctions spooked potential customers. With domestic onshore oil inventories approaching capacity, PDVSA has been increasingly…

09 Mar 2020

Venezuelan Detains More than 30 PDVSA Workers

© Henrique Cayolla / MarineTraffic.com

At least 38 workers from Venezuela's state oil company Petroleos de Venezuela’s, including the president of maritime subsidiary PDV Marina, were detained on accusations of trafficking fuel, Venezuelan Interior Minister Nestor Reverol said on Saturday, describing the accusations as "treason."The move comes just days after other state officials were detained and amid a shakeup at PDVSA after President Nicolas Maduro last month named a committee to restructure the OPEC nation’s oil industry, which is struggling under U.S.

02 Mar 2020

Sailor Dies on Tanker Moored off Venezuela

© Gena Anfimov / MarineTraffic.com

A sailor aboard an oil tanker anchored off Venezuela's coast died on Saturday, three people with knowledge of the incident said, marking the second death in less than a week involving personnel aboard ships serving the crisis-stricken OPEC nation.Juan Carlos Navarrete, a 58-year-old Cuban national serving as a helmsman aboard the Petion Panamax tanker, died after falling overboard while the tanker was anchored in Amuay Bay in western Venezuela, one of the sources, union leader Ivan Freites…

02 Mar 2020

Tanker Owner to Stop Shipping Rosneft's Venezuelan Oil

© alexlmx / Adobe Stock

Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm's Swiss trading unit.Washington imposed sanctions in February on Rosneft's Geneva-based unit Rosneft Trading (RTSA), accusing it of providing a financial lifeline to Venezuelan President Nicolas Maduro's government.Last month when the sanctions were announced, the company issued a statement calling the actions  against Rosneft’s subsidiary RTSA and its Chairman "illegal…

28 Feb 2020

Citgo: Oil Tanker Caught in Dispute Enters International Waters

© Iza Jaglinska / MarineTraffic.com

U.S. refiner Citgo said the Gerd Knutsen oil tanker, which had been carrying crude claimed by both the company and Venezuelan parent PDVSA, departed Venezuela's Jose Terminal on Thursday and entered international waters on Friday morning.The tanker over the past week discharged its 1 million barrel cargo, worth some $57 million, in Venezuela after being stranded for over a year off the South American country's coast amid fallout over U.S. sanctions on PDVSA, designed to force out socialist President Nicolas Maduro.The tanker discharged after Citgo…

03 Dec 2019

U.S. Blacklists Six Oil Tankers in New Venezuela-Related Sanctions

© Parilov / Adobe Stock

The Trump administration on Tuesday blacklisted six oil tankers involved in the shipment of Venezuelan oil to Cuba, the latest in a series of sanctions aimed at pressuring Havana to abandon its support for socialist Venezuelan President Nicolas Maduro.Six vessels belonging to state-run oil company Petróleos de Venezuela SA, or PDVSA, were targeted, according to a statement from the U.S. Treasury Department."Cuba and the former Maduro regime continue trying to circumvent sanctions by changing the names of vessels and facilitating the movement of oil from Venezuela to Cuba…

04 Nov 2019

Vens Pledge Funds for Argentine Shipyard to Finish PDVSA Tankers

File Image: The M/T PROTEO, a PDVSA tanker in dry dock. CREDIT: MarineTraffic.com

Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela, which is struggling with a diminished tanker fleet.Maduro, a socialist who has overseen a drastic economic collapse in the once-prosperous OPEC nation and stands accused of corruption and human rights violations, did not say how much money Venezuela would provide or when it would be disbursed.But…

08 Oct 2019

Disruptions to Global Shipping Industry Explained

AdobeStock / © Kasto

Oil shipping rates are soaring following a series of sanctions on a Chinese transportation giant and limitations placed on movement of Venezuelan crude oil tankers.WHAT HAS HAPPENED TO SHIPPING RATES?The cost of chartering a supertanker to send crude oil from one country to another is rising sharply. A South Korean importer paid more than $12 million in shipping costs for one crude shipment from the U.S. Gulf Coast. This was followed by Friday's tentative charter of another crude…

24 Sep 2019

U.S. Slaps Sanctions on Firms Moving Venezuelan Oil to Cuba

© Marit / Adobe Stock

The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's state-run oil import and export company Cubametales and other Cuba-based entities "have continued to circumvent sanctions by receiving oil shipments from Venezuela…

20 Aug 2019

Fire Hits PDVSA Tanker at Amuay Bay

The Motor Tanker PROTEO (Credit MarineTraffic.Com © Erazo)

A fire swept through the engine room of a tanker owned by Venezuela's state oil company PDVSA on Monday while it was anchored at Amuay Bay near the country's largest refinery, three sources familiar with the matter told Reuters on Tuesday.The extent of the damage to the Panama-flagged Aframax tanker Proteo was not immediately clear. But it highlighted the poor state of much of the fleet belonging to PDV Marina, PDVSA's shipping subsidiary, at a time when U.S. sanctions are complicating its ability to lease vessels from third parties.Even before this fire…

16 Aug 2019

Ships from Venezuela can still transit Panama Canal

© vintagepix/AdobeStock

The Panama Canal will allow vessels coming from Venezuela to transit the waterway provided they present the necessary paperwork, the canal authority's chief said on Wednesday, suggesting a new round of U.S. sanctions on the South American country may not make any difference to canal traffic.President Donald Trump's administration last week issued an executive order freezing all Venezuelan government assets in the United States. Shortly thereafter, U.S. officials ratcheted up threats against companies that do business with Venezuela.The measure did not explicitly place sanctions on non-U.S.

26 Jun 2019

U.S. Court to Decide Who Will Control Citgo

AdobeStock / © Renaschild

A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs the eighth-largest U.S. refiner, Citgo Petroleum Corp.A lawsuit filed by Maduro's representatives on Tuesday in Delaware Chancery Court seeks to reassert control over Citgo , along with other U.S. subsidiaries of PDVSA , the Venezuelan state-run oil company.Citgo, Venezuela's most important foreign asset, has been caught in a tug-of-war as U.S.

26 Mar 2019

PDVSA Oil Port Paralyzed by Another Blackout

Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export, on the carrier Dragon chartered by Russia's Rosneft, left Jose, which is owned by state-run PDVSA, on March 24, according to Refinitiv Eikon vessel-tracking data and PDVSA's trade documents."There is no electricity, everything is paralyzed," oil workers' union leader Jose Bodas told Reuters on Tuesday.The blackout, Venezuela's second major power outage in a month…

26 Apr 2019

UNHCR: 21 Venezuelans Missing after Caribbean Capsizing

At least 21 Venezuelans were missing after their boat sank on the way to the Caribbean island nation of Trinidad and Tobago, the U.N. refugee agency said on Friday, citing information from that country's coast guard.The boat, the “Jhonnaly Jose”, was carrying at least 25 people from the Venezuelan coastal town of Guiria when it capsized in the early hours of Wednesday, UNHCR spokesman Babar Baloch told a regular U.N. briefing in Geneva."This tragic incident highlights the extreme risks of sea journeys and other irregular cross-border movements undertaken by refugees and migrants.

12 Apr 2019

U.S. Sanctions Firms, Ships for PDVSA Cargoes

The United States on Friday announced more sanctions on shipping companies transporting oil from Venezuela, blacklisting four shipping companies and nine vessels, some of which the U.S. Treasury Department said carried oil to Cuba.The U.S. Treasury identified the firms as Liberia-based Jennifer Navigation Ltd, Lima Shipping Corp and Large Range Ltd, and Italy-based PB Tankers S.P.A.It blacklisted one tanker belonging to each of the Liberian firms and six owned by the Italian firm.A Treasury statement said Venezuela’s oil sector continued "to provide a lifeline to the illegitimate regime" of Venezuelan President Nicolas Maduro.“We continue to target companies that transport Venezuelan oil to Cuba…

07 May 2019

U.S. to Deploy Hospital Ship to Venezuela

USNS Comfort  (Photo courtesy of MSC)

As tensions with Venezuela mount, the United States is planning to announce on Tuesday the deployment of a military hospital ship to the region, U.S. officials say, in the latest sign of the Pentagon's limited, and targeted, involvement in the crisis.The officials, who spoke on condition of anonymity, did not specify where in the region the ship would travel to. Last year, a hospital ship -- the USNS Comfort -- cared for Venezuelan refugees and others as it stopped in Colombia, Peru, Ecuador and Honduras.The U.S. military's Southern Command, which oversees U.S.

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