PetroChina Decides Not to Purchase U.S.-Controlled Venezuelan Oil
PetroChina Halts Venezuelan Crude Purchases Following U.S. Actions PetroChina, the state oil company of China, has reportedly advised its partners to refrain from purchasing or trading Venezuelan crude oil since the U.S. gained control over Venezuelan oil exports earlier this month, as stated by Reuters on Tuesday. According to two trading executives familiar with the […]
ExxonMobil hands over operations at West Qurna 1 oilfield to PetroChina
US energy giant ExxonMobil has officially withdrawn from the West Qurna 1 oil field in southern Iraq and handed over operations to PetroChina as lead contractor, the deputy oil minister told Reuters on Monday. Iraqi oil officials met with executives from ExxonMobil, PetroChina and Basra Oil Company on Monday at the West Qurna 1 oil […]