Total CEO Patrick Pouyanne said on Monday he believed the French oil major could stay in Venezuela despite U.S. sanctions, but that his company would evaluate the situation. “First, we Continue Reading
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34 Continue Reading
Venezuela’s troubled state oil company PDVSA is telling the buyers of oil produced by its joint ventures to deposit the money for purchases in a new bank account recently opened Continue Reading
Venezuela’s oil minister is in New Delhi this week hoping to convince India’s key refiners to buy more of its crude and forge closer ties as the South American nation Continue Reading
Foreign partners of Venezuela’s PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, Continue Reading
Venezuela’s Pemon, an indigenous people living along the border with Brazil, are determined to allow into the embattled country any foreign aid that may arrive, even if that means a Continue Reading
Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and Continue Reading
Venezuela is open to barter-like payments from India to boost oil sales to the world’s third-biggest oil consumer, the South American country’s oil minister Manuel Quevedu said on Monday.Venezuela buys Continue Reading
Venezuela’s Oil Minister and President of Venezuelan state-run oil company PDVSA. Venezuela has all mechanisms and channels in place to keep its oil operations going and will be able to Continue Reading
Russia’s Gazprombank said on Sunday that Venezuela’s state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently. Reuters reported on Saturday Continue Reading
