The US Treasury Department said Friday that transactions between non-US firms and PDVSA, Venezuela’s state-owned oil firm, which involve the US financial system or US commodity brokers would be prohibited Continue Reading
When China hatched the first of a series of oil-for-loans agreements with Venezuela in 2007, it seemed like a perfect match. Venezuela had the world’s biggest oil reserves; China was Continue Reading
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro. The sanctions were announced Continue Reading
Venezuelan opposition leader and self-proclaimed president Juan Guaido said on Monday he has ordered congress to begin the process of naming new boards of directors to state oil company PDVSA Continue Reading
The U.S. imposed sanctions against Venezuela’s state-oil giant Petróleos de Venezuela S.A. on Monday in an effort to cripple President Nicolás Maduro’s government and empower an opposition leader. President Trump’s Continue Reading
The Trump administration on Monday announced it would impose sanctions on Venezuela’s state-owned oil monopoly, the most aggressive move to date in President Trump’s challenge to Nicolás Maduro, the president Continue Reading
Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge Continue Reading
Treasury Secretary Steven Mnuchin outlined new U.S. sanctions against Venezuela’s state oil giant Petroleos de Venezuela S.A. on Monday, in a move to cripple Nicolás Maduro’s government and empower opposition Continue Reading
Juan Guaidó, the 35-year-old opposition leader recognized by Washington as Venezuela’s rightful leader, laid out a plan Thursday to reverse President Nicolás Maduro’s economic polices and address Latin America’s worst Continue Reading
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed US$10-billion oil refinery and petrochemical complex in southern China, Reuters reported Continue Reading
