Tag: PDVSA
PDVSA denies reports of Gazprombank freezing its accounts
Russian news agency TASS is reporting that Venezuelan state-owned oil company PDVSA (Petroleos de Venezuela) “has denied Sunday reports that the Russian Gazprombank had...
US imposes sanctions on Venezuela’s PDVSA
The BBC is reporting that the US has imposed sanctions on Venezuela's state-owned oil firm PDVSA in a bid to pressure the country’s military...
Tanker collision at PDVSA can trigger force majeure
A tanker collision at Venezuela’s state-owned PDVSA’s main terminal, or Jose dock, could result in a drop in that country’s crude exports by a...
Swiss Bank executive enters guilty plea in Venezuelan US$1.2B PDVSA money...
A former Swiss bank executive has pleaded guilty to his role in a $1.2 billion money-laundering scheme involving Venezuela's state-run oil and Natural Gas...
PDVSA’s oil sales to US bounced in June; Caribbean stocks drained
(Reuters) - Venezuelan crude sales to the United States recovered in June from May as state-run PDVSA exported more of its diluted oil to...
Venezuela to suspend oil delivery to some C’bean countries
(CMC) — Venezuela's state-owned oil and natural gas company, Petróleos de Venezuela (PDVSA) has announced plans to suspend petroleum deliveries to some Caribbean countries...
Venezuela’s PDVSA raises prospect of force majeure on oil exports -sources
(Reuters) OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil...
Curacao court authorizes ConocoPhillips to seize $636M in PDVSA assets
A Curacao court has authorized ConocoPhillips to seize about $636 million in assets belonging to Venezuela's state oil company PDVSA due to the 2007 nationalization of...
Conoco moves to take over Venezuelan PDVSA’s Caribbean assets
(Reuters) - U.S. oil firm ConocoPhillips (COP.N) has moved to take Caribbean assets of Venezuela’s state-run PDVSA to enforce a $2 billion arbitration award...
Maduro to create cryptocurrency backed in oil and diamond reserves
As Venezuela's financial crisis deepens, President Nicolas Maduro announced on Sunday the creation of a digital cryptocurrency to fight a financial blockade fueled by...