Page 36 - Pdvsa News Today

While oil production is still below 800,00 bpd, sales have expanded and oil income reached US $6.2 billion last year.

A group of wildcat entrepreneurs visited Venezuela this week, aiming to revamp the country’s run-down oil sector, according to a source present in the meetings.

On January 16, 2024, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) issued General License (“GL”) 5N (Authorizing Certain Transactions Related to the...

Venezuela's oil production increased to an average of 783,000 barrels per day in 2023, marking a 9.3% rise from 2022, driven by resumed operations and international partnerships.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Socialist dictator Nicolás Maduro appointed his alleged top money launderer Alex Saab as the new head of the regime's investment center.

In December, the Venezuelan government launched a series of measures and legislation to cement the country’s annexation of Guyana’s oil and mineral-rich Essequibo region. This is prompting fears among dozens of Amerindian communities that the conflict may threaten ongoing efforts to legally recognize their collective territorial lands or undermine their land titles in this Amazon […]

Maduro assured that the inflation will be two digits this year, adding that state oil company PDVSA contributed $6.23 billion to Vanezuelas coffers in 2023.

The U.S. Treasury Department on Tuesday extended Venezuela-owned Citgo Petroleums temporary protection from creditors through mid-April as a court-ordered auction of shares in the refiners... -January 16, 2024 at 12:19 pm EST - MarketScreener

The Biden administration has again extended temporary protections shielding Citgo from Venezuelas creditors, even as an auction that could determine the future of the companys parent company is...