Venezuelan President Nicolas Maduro announced changes to his cabinet on Tuesday following a contentious election in which both the ruling party and the opposition declared victory. The reshuffle affects key positions, including the finance and oil ministries and state oil giant PDVSA. Anabel Pereira...
Venezuelan Attorney Tarek Saab confirmed on Tuesday the arrest of former Oil Minister Tareck El Aissami (pictured), involved in a corruption scheme in the Petroleum of Venezuela, S.A. (PDVSA) company.During a press briefing, Saab said that "at least five witnesses who have been sequentially...
The Venezuelan government has granted a 30-year license to Shell plc and the National Gas Company (NGC) of Trinidad and Tobago for gas production, state oil company PDVSA said on Friday.
The development comes after Venezuela, Shell and NGC signed the official agreement and also following the...
Venezuelan Oil Minister Tareck El Aissami (pictured), accompanied by representatives of PDVSA and Chevron Corp., officially signed a deal on Friday to reactivate the country's oil production and expand its operations.
During the ceremony, the minister noted that this was "an important step in the...
Biden administration will ease some of the economic sanctions imposed against the Venezuelan oil industry, as reported by The Associated Press, citing officials familiar with the matter.
According to the report, this would allow Chevron Corp. to negotiate its license with the state oil company PDVSA but...
Venezuela's state oil firm PDVSA said on Saturday it will raise the prices of its subsidized gasoline for vehicles by 1,900% compared to 2020.
The price increase will come into effect on Sunday, from when a liter of fuel will cost 0.10 bolivars ($0.023) instead of the 0.005 bolivars, which was the cost a...
The Office of Foreign Assets Control (OFAC) within the United States Department of the Treasury said on Tuesday it discovered that seven Venezuelan vessels have delivered oil to Cuba. Six of those vessels belong to state-run oil company Petroleos de Venezuela, S.A. (PdVSA), and one belongs to...
The PJSC Rosneft Co will take over the control of the Venezuelan state oil and gas company Petroleos de Venezuela (PDVSA), sources told El Nacional. In exchange, Russia is going to write off the national debt Venezuela has to the country.
According to the reports, Russian experts have already visited...
Venezuelan Oil Minister Manuel Quevedo (pictured) stated that the state-owned oil company Petroleos de Venezuela SA (PDVSA) will open its Moscow offices in June, Sputnik reported on Thursday. During the St. Petersburg International Economic Forum, Quevedo added that all the preparations were...
Russian oil giant PJSC Rosneft Oil Co. issued a statement on Friday denying it has bought Venezuela's oil in breach of the United States sanctions against the Latin American country.
According to an earlier report from Reuters which cited invoices and sources, Venezuela's state-owned oil company...
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