After its recent judgement win, Conoco Phillips has begun seizing assets of PDVSA, the Venezuelan national oil company, that are outside Venexuela in the Caribbean. This involves the Dutch government since these assets are in yhe Netherlands Antilles. PDVSA has ordered tankers to head back to Venezuela, assuming to avoid potential for these ships and their cargoes at other ports.
https://mobile-reuters-com.cdn.ampproject.org/c/s/mobile.reuters.com/article/amp/idUSKBN1I70RA
While production in Venezuela continues to decline due to shortages of everything except manpower.
https://www.rigzone.com/news/wire/oil_su...154526-article/
This is among the factors driving worldwide crude oil prices upward.
There is actually discussion on privatizing PDVSA.
https://oilprice.com/Latest-Energy-News/World-News/Ex-Venezuela-Oil-Boss-PDVSA-Is-Collapsing.html
https://mobile-reuters-com.cdn.ampproject.org/c/s/mobile.reuters.com/article/amp/idUSKBN1I70RA
While production in Venezuela continues to decline due to shortages of everything except manpower.
https://www.rigzone.com/news/wire/oil_su...154526-article/
This is among the factors driving worldwide crude oil prices upward.
There is actually discussion on privatizing PDVSA.
https://oilprice.com/Latest-Energy-News/World-News/Ex-Venezuela-Oil-Boss-PDVSA-Is-Collapsing.html
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