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Category: Venezuela

Category:
  • Venezuela

PDVSA Default Would Spell Trouble for U.S. Refiners’ Oil Supply

Venezuela is the main supplier of crude to the Gulf Coast Creditors may go after crude tankers and oil payments A potential default by Petroleos de Venezuela SA would cause Continue Reading

Posted On : 21 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

New default worries over $3.2bn Venezuela oil group bond payments

Venezuela’s supreme court has been asked to rule on whether bond payments due in the next two weeks adding up to more than $3.2bn can be made in local currency Continue Reading

Posted On : 21 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela: Regional Elections Postponed To 2017

Venezuela’s regional elections, originally scheduled for December 2016, will now be held in 2017, National Electoral Council President Tibisay Lucena said Oct. 19, Panorama reported. Regional election primaries will be Continue Reading

Posted On : 20 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela congress probe says $11 billion unaccounted for at PDVSA

Venezuela’s congressional investigations commission said on Wednesday some $11 billion dollars were unaccounted for between 2004 and 2014 at state oil company PDVSA [PDVSA.UL] Describing the amount as “more than Continue Reading

Posted On : 20 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Infant Mortality Soars in Venezuela

Emileidy Ojeda breastfeeding her four-month-old son David in July in San Francisco de Yare, Venezuela. CUMANÁ, Venezuela—Medical staff at the University Hospital in this eastern Venezuelan city delivered two premature Continue Reading

Posted On : 18 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Extends Bond Swap Deadline for Third Time to Oct. 21

Swap offer applies to as much as $5.325 billion of 2017 debt Deadline for investors to accept exchange was Monday Petroleos de Venezuela SA, the state oil company seeking to Continue Reading

Posted On : 18 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Repsol Provides US$1.2 Billion For Venezuelan Joint Venture

Eulogio del Pino Maduro Venezuela’s lagging oil industry may have received a much-needed boost from Repsol after accepting a US$1.2 billion credit line for a Petroquiriquire joint venture between Venezuelan Continue Reading

Posted On : 10 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Exclusive: PDVSA eyes $4.7 billion debt issue to pay service companies

Venezuelan state oil company PDVSA is seeking to issue up to $4.7 billion in debt securities to settle unpaid bills to contractors, according to a document seen by Reuters, as Continue Reading

Posted On : 7 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela to discuss Algerian oil accord with Russia

Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela’s president said. State-owned Petróleos de Venezuela, known also as Continue Reading

Posted On : 6 Oct 2016 Published By : Tom Whipple
Category:
  • Venezuela

Venezuela Is Pawning Pieces of Iconic American Brand Citgo to Survive

The Citgo logo is a beacon at the Red Sox’s home field Using the refiner as collateral is controversial in Caracas The red triangle is just about everywhere, from the Continue Reading

Posted On : 6 Oct 2016 Published By : Tom Whipple

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