All about PDVSA

oil refinery
By Edition On Wednesday, February 1st, 2017
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40 y Lease agreement between Curacao refinery & Chinese company Guangdong Zhenrong (GZE)

On November 2016, a “Heads of Agreement” was signed between GZE (Guangdong Zhenrong) a commodity trader and the x government of Curacao under x PM Ben Whiteman to finance, modernize and operate its refinery More...

Venezuela's President Nicolas Maduro speaks during a news conference at Miraflores Palace in Caracas
By Edition On Tuesday, January 31st, 2017
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Venezuela names new leaders at oil firm PDVSA to ‘defeat corruption’

CARACAS (Reuters) - Venezuela's president on Sunday created an executive vice president post and named new vice presidents to lead PDVSA in what he described as a shake-up of the state oil company and an effort More...

Tankers
By Edition On Monday, January 30th, 2017
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No cash: PDVSA tankers stuck off Venezuela

WILLEMSTAD - More than 4 million barrels of Venezuelan crude oil and fuels are stuck in tankers in the Caribbean because Venezuela’s state-run oil firm cannot afford to pay for cleaning dirty tankers and port More...

venezuela_china
By Edition On Friday, January 27th, 2017
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China’s master plan for the Caribbean

Venezuela holds the world’s largest oil deposits in an area called the Orinoco Oil Belt. In 2012, Venezuela was the tenth largest oil exporter. The country is ranked nine in 2013. To sustain future long-term contracts More...

pdvsa
By Edition On Friday, January 27th, 2017
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Millions of barrels of Venezuelan oil stuck at sea in dirty tankers

HOUSTON (Reuters)- More than 4 million barrels of Venezuelan crude and fuels are sitting in tankers anchored in the Caribbean sea, unable to reach their final destination because state-run PDVSA cannot pay for hull More...

oil refinery
By Edition On Friday, January 27th, 2017
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Isla not willing to hand over its operations to a third party

WILLEMSTAD – In a letter presented to the employees the management of the oil refinery Isla stated that the Venezuelan State Oil Company PdVSA will not hand over its operations to a third party, meaning here the More...

Oil Refinery
By Edition On Thursday, January 19th, 2017
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Guangdong Zhenrong wants contact with PdVSA

WILLEMSTAD – The Chinese state-owned Guangdong Zhenrong Energy (GZE) has asked the government of Prime Minister Hensley Koeiman to mediate contact between the company and the current operator of the Isla refinery, More...

pdvsa
By Edition On Friday, January 13th, 2017
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Venezuela’s PDVSA sees 2017 oil output stuck near historic lows

CARACAS - Venezuelan state energy company PDVSA projects oil production will remain near 23-year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed More...

pdvsa2
By Edition On Monday, January 9th, 2017
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Venezuela bribery scandal in US widens

HOUSTON - U.S. prosecutors filed new criminal charges against a Venezuelan man living in the United States who they allege bribed officials at Venezuela’s state-run oil company, PDVSA. The bribes — free hotel More...

pdvsa
By Edition On Wednesday, December 28th, 2016
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Venezuela says to cut 95000 bpd crude output in OPEC deal

CARACAS - Venezuela said on Tuesday it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers’ deal to reduce global output and strengthen prices. Jan. 1 marks the start More...