American oil tycoon Harry Sargeant III visits with Curaçao PM Gilmar Pik Pisas

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Apr.2025) — American oil tycoon Harry Sargeant III, owner of Texas-based oil marketer Global Oil Terminals and renowned financier of the Republican party, visited with Curaçao and the island’s prime minister Gilmar Pik Pisas to discuss how renewed US sanctions on Venezuela would impact the island’s refinery.

Global Oil initially had a 5 year agreement to manufacture and export asphalt from the refinery.

In late-Mar. 2025, the US Treasury Department revoked the 3 licenses that Global Oil Terminals had to operate in Venezuela. Within the framework of US president Donald Trump’s “maximum pressure” policy on Venezuela and its leader Nicolás Maduro, the American leader also cancelled licenses held by Chevron Corporation (US), Repsol SA (Spain), Eni SpA (Italy) and Maurel & Prom (France).

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Originally published at https://energy-analytics-institute.org on April 6, 2025.