One year after the corruption scandal in Venezuela which led to his resignation, the powerful former minister of Petroleum Tareck El Aissami is missing from public life. Where is? Is it investigated? These are unanswered questions from the hermetic ruling Chavismo. It is only clear that his days as a trusted man of President Nicolás […]
Tag: PDVSA
Venezuelan state PDVSA says it will be prepared if the US applies “more sanctions”
The state-owned Petróleos de Venezuela (PDVSA) assured this Tuesday that it will be prepared in case the United States applies “more sanctions” to the Caribbean country, which, for its part, is willing to be part of the solution to the “world energy problem”. “If they impose more sanctions on us, we will prepare for them. […]
Venezuela and China evaluate cooperation opportunities in oil and gas matters
authorities of Venezuela and China evaluated, in a meeting in Caracas, opportunities for cooperation in the oil and gas sectors, said the Venezuelan state company PDVSA. In oil cooperation between both nations”, in addition to evaluating “new opportunities for cooperation”. For his part, Tellechea indicated that, at the meeting, they reviewed the “positive evolution of […]
Venezuela rejects US ruling that allows creditors to benefit from PDVSA subsidiary
The Government of Venezuela rejected this Tuesday that the US Justice has accepted that a group of ten creditors of the Caribbean country participate in the distribution of profits from the auction of the shares of Citgosubsidiary of the Venezuelan state oil company PDVSA in the North American nation. In a statement, the Executive of […]
Mexican Pemex explores business opportunities in Venezuela
Directors of the state company Petróleos Mexicanos (Pemex) held a meeting this Friday in Caracas with their peers from Petróleos de Venezuela (PDVSA) to explore business opportunities, two weeks after a first meeting between the authorities of both companies, held in Ciudad de Mexico. The state channel VTV showed images of today’s meeting, in which […]
Venezuela will receive 27% more income from PDVSA after sanctions relief
The government of Venezuela contemplates a 27% increase in oil revenues that will finance the 2024 budget, according to a document seen by Reuters, amid a stagnation of the crude oil productiona review of US sanctions and in an election year. The president’s administration Nicolas Maduro estimates that next year’s spending will be equivalent to […]
Chevron sends fuel to Venezuelan PDVSA in oil exchange expansion
The oil Chevron Corp has begun to supply fuel to the state company PDVSA following Washington’s approval of a license for the oil and gas sectors of Venezuela, three people familiar with the matter said Thursday. Chevron and PDVSA had previously stuck to an agreement signed in 2022 to expand some operations, which included exchanging […]
Venezuela turns to oil companies to increase production
The Venezuelan state PDVSA is in talks with local and foreign oil contractors to employ equipment and services that will allow it to reactivate depressed production, sources said, after USA relax sanctions on the country. In October, the Treasury Department authorized the production and export of Venezuelan crude oil, gas and fuels, the acquisition of […]
Venezuelan PDVSA signs occasional sales contracts and demands advance payment
The Venezuelan state oil company, PDVSAhas signed at least two new specific contracts to export fuel oil and asphalt cement, demanding that its clients advance payments in euros, according to company documents. Last week, the United States issued a license allowing the OPEC country to freely export oil, fuel and gas to its chosen markets […]
A history of setbacks for Venezuelan refiner Citgo, which heads to auction in the US
In the last four years, USA protected Citgo Petroleum of creditors seeking to seize the Venezuelan refiner, but a U.S. judge on Monday began an auction process that is expected to put the Houston-based company in the hands of rivals or investors. The auction could start a new chapter for the company that has been […]