The general director of the Spanish company stated that it has received nearly 3 million barrels of Venezuelan oil so far, without going into details about the expected number of imports.The most sophisticated units of Repsol’s refineries will be fed with heavy Venezuelan crude, improving the economy of the facilities. More information-> MSN

Italy’s Eni and Spain’s Repsol will get the green light to start shipping Venezuelan crude to Europe from next month, Reuters has reported, citing five unnamed sources in the know.The sources cited a letter written by the U.S. State Department to Eni and Repsol, signaling that Washington’s firm stance on Venezuelan sanctions may not be so firm after all now that its strategic partners in Europe are facing a shortage of crude because of sanctions against Russia. By Irina Slav. Full Text -> OilPrice

Traducción de cortesía ->

Eni de Italia y Repsol de España obtendrán luz verde para comenzar a enviar crudo venezolano a Europa a partir del próximo mes, informó Reuters, citando cinco fuentes no identificadas al tanto. Las fuentes citaron una carta escrita por el Departamento de Estado de EE. UU. a Eni y Repsol, que indica que la postura firme de Washington sobre las sanciones a Venezuela puede no ser tan firme después de todo ahora que sus socios estratégicos en Europa enfrentan una escasez de crudo debido a las sanciones contra Rusia.

Repsol He has already accumulated seven months without receiving a barrel of oil from Maduro’s Venezuela. According to data from the Strategic Reserves Corporation (Cores), the importation of Venezuelan oil has been zero in April, so they are already seven months -since October- without a single barrel of crude arriving from the country of Nicolas Maduro. Until then, the oil company that presides Antoni Brufau It collected a debt that the state company Petróleos de Venezuela (PDVSA) maintains with Repsol in barrels of oil. However, Maduro has turned off the tap despite the fact that the debt remains, according to Repsol’s 2020 annual report. Full Text -> MarketResearchTelecast

Another major refiner is looking to snap up Canadian crude due to the threat of more U.S. sanctions against Venezuela and the possibility that Mexico will offer less favorable terms when it comes to agreeing exports for next year. Full Text -> RigZone

Along with Italy’s ENI and India’s Reliance, the Spanish oil giant has been ordered to ‘cease operations’ in the South American country.
It comes after US President Donald Trump already banned Chevron from drilling or transporting oil in Venezuela. The threat to Repsol is the latest bid by Washington to put further pressure on Venezuela’s socialist President Nicolas Maduro. Full Text -> The Olive Press

The US administration says it is considering further sanctions against Venezuela’s oil sector that would affect the ability of Chevron and foreign oil companies to continue their operations in that country.By Haik Gugarats. Full text-> ARGUS