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06.04.26 - 17:06
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Reliance Industries unit loading 2 million barrels of Venezuelan crude oil: Report (Times of India)
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Reliance Industries has begun loading a significant shipment of Venezuelan crude. This oil was directly purchased from Venezuela's state-run oil firm, PDVSA. Reliance secured a US general license in February 2026, permitting such direct purchases. This move allows Reliance to diversify its crude sources and potentially replace some Russian supplies with discounted Venezuelan heavy oil....
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02.04.26 - 15:30
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′Ready to be exploited′: amid rust, weeds and power cuts, Venezuelans hope for a new oil boom (The Guardian)
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The infrastructure is crumbling and the government shaky, but memories exist of an industry that once thrived off Venezuela's vast reserves of crude – and could do again, despite the climate crisisAt Campo Boscán, a vast complex in western Venezuela, the drills, pumps and pipelines that extract crude oil operate amid decay: roads are broken, weeds grow everywhere and many wells run inside metal cages to prevent theft. Albenis Merchán, a drilling technician with 35 years' experience, recalls better times as he drives his pickup through the desolate landscape.“We used to receive maintenance and safety training all the time. Supplies and spare parts were never lacking. Many things need to improve here to tap the full potential of this area,” he says. Continue reading......
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