Exclusive: After renovating the smallest oil refinery in Venezuela, Iran has decided to repair the largest oil refinery in Venezuela

Fishing boats are moored on the coast from the Paraguana Refining Center (CRP) after the September crude oil spill from the pipeline connecting production areas with the state’s largest oil refinery, in Punta Cardon, Venezuela, October 2, 2021. Photo taken October 2, 2021 REUTERS/Leonardo Fernandez Fil√≥ria Register now to get free unlimited access to Reuters.com … Read more

Iraq is retreating because of China’s greater control over its oil fields

Iraq persuaded Lukoil to stop selling to Sinopec – sources Baghdad worried about China becoming too dominant – sources Western companies are not satisfied with the terms of Iraqi deals LONDON/BASRA (Reuters) – Last year, Iraq’s Oil Ministry thwarted three potential deals that would have given Chinese companies more control over its oil fields and … Read more