X Energy Oil is the energy vertical of Commvensa USA. It carries into hydrocarbons the origination, structuring and trading capability that Commvensa USA has built across commodities.
We operate from four offices in three countries: Miami, Madrid, Caracas and Puerto Ordaz. Origination sits next to the asset in Venezuela; structuring, compliance and market access run from Miami; the European desk operates from Madrid.
We work alongside three named partners: TCV Global (Dubai), White Hilt Capital (United States) and Aldhabi Oil & Energy Technologies (United Arab Emirates) — supply chain, capital and energy technology respectively.
Our mandate is long-term: recovering productive capacity, rebuilding infrastructure and raising output, under structures that are transparent, legally sound and auditable end to end.
Every operation is designed to comply with the applicable licences and authorisations of the U.S. Office of Foreign Assets Control (OFAC) and the Department of the Treasury, alongside the legislation of the host country.