Tag: Oil

Tras salida de la empresa Chevron, Venezuela busca alianzas con China y Turquía

After Chevron’s exit, Venezuela seeks alliances with China and Turkey

After the departure of the U.S. company Chevron from Venezuelan territory, President Nicolás Maduro is looking for new allies, especially China and Turkey.
Fundación Andrés Bello

Corruption scandals involving Chinese oil companies and Ecuador

Nilsen Arias, former international trade manager of Petroecuador, is currently facing legal proceedings in the United States due to a series of corruption and money laundering scandals involving the Chinese company Petrochina.
Fundación Andrés Bello

Petrochina seeks higher oil volume in pre-sales renegotiation

The largest state-owned oil company of the People’s Republic of China (PRC), Petrochina, is asking Ecuador for larger vessels to transport oil to the Asian market.
Fundación Andrés Bello

Ecuador seeks to break out of the labyrinth of oil pre-sales with China

Ecuador is still struggling to divest itself of oil pre-sales. Although there are contracts with the oil creditor companies, the Ecuadorian government is looking for a way to change the situation to its advantage. The business meant a loss of almost US$5,000 million for the country.

Fundación Andrés Bello

China capitalizes on US sanctions on Venezuela and Iran

Having been sanctioned by the US as a result of the arms embargo, Venezuela and Iran are seeking to reactivate their respective economies through oil exports. Meanwhile, China increased its oil imports from Venezuela and Iran in 2021 to their highest level in the last three years.
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