All about PDVSA

Venezuela-PDVSA
By Edition On Thursday, April 19th, 2018
0 Comments

Venezuela requiring foreign ships to pay for services in crypto currency

CARACAS - Foreign ships in Venezuela will have to use the recently created cryptocurrency, Petro, to pay for services while in the South American country. And that could put the shipping firms on collision course More...

oil refinery
By Edition On Thursday, April 19th, 2018
0 Comments

PDVSA cancels plans to import U.S. crude oil for Curaçao refinery amid cash crunch

WILLEMSTAD - Petroleos de Venezuela SA, which relies heavily on U.S. oil to run its refinery in Curacao, canceled plans to import American grades in April and May as sellers demanded payment ahead of delivery. The More...

PDVSA
By Edition On Monday, April 16th, 2018
0 Comments

PDVSA refineries In Venezuela, Curaçao ran at 31% capacity in 1Q

CARACAS, WILLEMSTAD - Venezuela's oil refineries worked at 31 percent of their combined 1.62 million-barrel-per-day capacity in the first quarter, well below 2017 levels, according to an internal document from state-run More...

Oil installations Maracaibo
By Edition On Thursday, March 29th, 2018
0 Comments

PdVSA may shutter three local refineries soon

CARACAS - Venezuelan state-owned PdV could be forced to shutter three of its four domestic refineries soon because of critical shortages of crude feedstock and skilled refinery workers, two senior officials with More...

Zeelandia-office-Park-Intertrust
By Edition On Monday, March 26th, 2018
0 Comments

Update: Curaçao Blue Bank denies facilitating fraud by oil traders

WILLEMSTAD - Curaçao-based Blue Bank International denies having been aware of fraud by some defendants in a corruption case involving large oil traders and the Venezuelan oil company PdVSA. The bank says that More...

Zeelandia-office-Park-Intertrust
By Edition On Thursday, March 22nd, 2018
0 Comments

Blue Bank Curaçao denies involvement in bribery Venezuela

WILLEMSTAD - Blue Bank International, established on Curaçao, denies being involved in the bribery scandal involving the Venezuelan State Oil Company PdVSA or a related Trust. The bank is being accused of buying More...

Jesus-Luongo-PDVSA
By Edition On Tuesday, March 20th, 2018
0 Comments

Venezuela arrests ex-oil refining boss for alleged graft

PUNTO FIJO - Venezuela has arrested the former refining boss of state oil company PDVSA for alleged corruption, two sources told the news agency Reuters on Monday, extending a crackdown on the OPEC nation’s ailing More...

Zeelandia-office-Park-Intertrust
By Edition On Monday, March 19th, 2018
0 Comments

Venezuela accuses large oil traders of corruption

WILLEMSTAD - The Venezuelan state oil company PdVSA accuses oil traders Trafigura, Vitol and Glencore of paying millions of dollars in bribes. In exchange for the money, the oil traders have received confidential More...

oil-rig
By Edition On Friday, March 16th, 2018
0 Comments

Problems in Venezuela can now be felt on the global oil market

CARACAS - The problems in Venezuela can be felt on the global oil markets. As a result of the deep economic crisis, the country is pumping less oil. This sustained drop in production will contribute to the global More...

oil refinery
By Edition On Thursday, March 8th, 2018
0 Comments

Isla Refinery awards Axens a pre-FEED contract

Axens was recently awarded a contract to perform pre-front-end engineering design (FEED) work to supply natural gas from Venezuela to Refineria Isla Curaçao B.V. in Curacao.  WILLEMSTAD - The contract is part More...