Low U.S. Oil Imports, New Venezuela Sanctions, Saipem Contract Win: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
Last Week, U.S. Oil Imports Were Lowest Since February 2021 - The U.S. imported the least amount of crude oil last week in nearly five years, data from the U.S. Energy Information Administration (EIA) showed, as companies looked to dodge a hefty year-end tax on oil held in storage. U.S. crude oil imports last week fell to 4.95 million barrels per day, the lowest since February 2021, according to EIA data. (Reuters)

VENEZUELA
U.S. Issues New Sanctions Targeting Venezuelan Oil Sector - The United States on Wednesday imposed sanctions on four companies it said were operating in Venezuela's oil sector as well as associated oil tankers, as President Donald Trump's administration increases pressure on Venezuelan President Nicolas Maduro. The U.S. Treasury Department said in a statement it imposed sanctions on oil traders engaged in sanctions evasion for Maduro's government. Among the targets were four tankers, some of which the Treasury accused of being part of the so-called "shadow fleet". (Reuters)

PRODUCTION
Saipem Wins Contract for Turkey's Largest Gas Field - Italian engineering group Saipem (Milan) has won a US$425 million contract to continue the development of Turkey's largest offshore natural gas field, it said on Wednesday. The contract, awarded by Turkish Petroleum OTC (Istanbul, Turkey), covers the third phase of a project to develop the Sakarya field, focusing on the construction of three additional pipelines totaling around 153 kilometers (95 miies), along with related subsea structures. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

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About Industrial Info Resources
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).