Venezuela

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Isla Refinery Talks Fail Again

Lube Report Americas - July 22, 2020

Negotiations between Refineria di Korsou and Klesch Group collapsed last week, leaving the tiny island nation once again ...

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Isla Talks Stalled by Covid-19

Lube Report Americas - May 22, 2020

The Covid-19 pandemic has delayed negotiations toward a final agreement for the Klesch Group to become operator of Curac ...

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Calumet Returns Payroll Protection Loans

Lube Report Americas - May 15, 2020

Calumet Specialty Products Partners repaid $31.4 million in federal Paycheck Protection Program loans Monday, two weeks ...

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U.S. Lifts Sanctions on Nynas

Lube Report Americas - May 12, 2020

Nynas AB announced Tuesday that Petroleos de Venezuela S.A. sold a 35 percent stake in the company and that the United S ...

PdVSA Lube Chief Arrested

PdVSA Lube Chief Arrested

Lube Report Americas - March 13, 2020

The president of Petroleos de Venezuela S.A.’s lubricant business was one of several company officials arrested early ...

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Citgo Under Threat Again After Ruling

Lube Report Americas - October 2, 2019

A United States appeals court lifted a hold Monday on Crystallex International Corp.s efforts to seize shares of refiner ...

Lubricants a Luxury in Venezuela

Lubricants a Luxury in Venezuela

Lube Report Americas - May 22, 2019

Due to the ongoing political and economic crisis in Venezuela, acquiring goods is an uphill battle in the country - and ...

Curacao Visits Potential Refinery Partners

Curacao Visits Potential Refinery Partners

Lube Report Americas - April 10, 2019

Curacao officials are again making rounds with potential partners interested in managing and modernizing the countrys Is ...

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Big Oil’s Shrinking Share in Andes Region

Lube Report Americas - February 20, 2019

Except for Venezuela, lubricant demand in South Americas Andes region has been growing in recent years, and the biggest ...

Preferred Bidder Ditches Curacao Talks

Preferred Bidder Ditches Curacao Talks

Lube Report Americas - February 13, 2019

Curacaos Isla Refinery is taking a step back in its search for a new manager after its preferred bidder withdrew from ne ...

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South America Survives Without PdVSA Base Oils

Lube Report Americas - February 6, 2019

The sidelining of base oil plants operated by Venezuelas national oil company may be crippling that nations lubricant in ...

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Isla Refinery Halts Search Amid Probe

Lube Report Americas - January 23, 2019

Curacaos government suspended its impending selection of a new operator for its Isla Refinery until a probe into corrupt ...

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Venezuela Progresses on Settlement to Retain Citgo

Lube Report Americas - November 28, 2018

Venezuela completed an initial payment to defunct Canadian gold miner Crystallex International last week as part of a $1 ...

Venezuelan Market Battered by Economy

Venezuelan Market Battered by Economy

Lube Report Americas - June 6, 2018

Venezuelas economic and political crisis has hammered its vaunted petroleum industry, and the nations lubricant market i ...

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Group Design: Solution to Fuel Economy

Lube Report Americas - May 9, 2018

Group design, a holistic approach or a team effort - however its described, the key to achieving the next set of automot ...