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Venezuela's state-run oil company PDVSA is getting ready to resume work at its joint ventures under terms similar to ...
In a marked shift in U.S. policy toward Venezuela, the Trump administration has quietly approved a new license allowing oil ...
The Trump administration is considering granting new authorizations to key partners of Venezuela's PDVSA, including Chevron, ...
Late payments have led tanker operators to halt around 18 vessels needed to carry oil and refined products, two sources said. PDVSA’s crown jewel, Texas-based Citgo, has not been spared.
PDVSA is also at the heart of Venezuela’s geopolitical alliances: 36 percent of its production is used to repay loans to China and Russia, as well as sending crude oil to Cuba and the Caribbean ...
PDVSA's payroll has more than doubled to 115,000 employees since Chávez took office in 1999, and debt has risen 10-fold since 2006 to $34 billion.
Neither PDVSA nor Venezuela’s oil or information ministries or chief prosecutor’s office responded to requests for comment. President Nicolas Maduro has called U.S. sanctions illegal and ...
CARACAS—State energy giant Petróleos de Venezuela, or PdVSA, will raise $5 billion through a private sale of 10-year bonds to the South American country's public banking sector, the company ...
The U.S. government is evaluating the possibility of authorizing Chevron and potentially other European partners of PDVSA to operate in Venezuela, marking a potential policy shift. This comes as the U ...
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