Russia’s Rosneft ‘Central’ to Maduro’s Survival: Russian state oil company Rosneft is “central” to the survival of Venezuelan President Nicolás Maduro’s government, said special U.S. representative for Venezuela Elliott Abrams, Continue Reading
The US government will prevent PDVSA creditors from taking control of US refiner Citgo at least for the next three months as Venezuela’s interim administration is poised to miss a Continue Reading
Russia is considering sending a permanent delegation of economic advisers to Venezuela to help Caracas resolve issues with foreign creditors, Deputy Finance Minister Sergei Storchak said on Thursday. Storchak said Continue Reading
Motorists in socialist Venezuela have long enjoyed the world’s cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. Continue Reading
The U.S. government granted Chevron another three-month extension to a sanction waiver that allowed the supermajor to continue doing business in Venezuela, quenching concerns it would have to up and Continue Reading
The US may intervene in the interim Venezuelan government’s legal fight with creditors over control of Citgo, but it wants negotiations over this weekend’s bond payment deadline to play out Continue Reading
The US government has given Chevron and four oil service providers permission to keep working in Venezuela for another three months, extending their exemption from oil sanctions that have hit Continue Reading
With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram Continue Reading
Venezuela will not hand over control of its cash-strapped state oil firm PDVSA to Russian oil giant Rosneft, a close aide to Nicolas Maduro told Russian news agency RIA Novosti Continue Reading
The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft , a local newspaper has reported, citing sources from the industry. Russian TASS Continue Reading
