Tag: Orinoco belt

• Monday, April 13th 2026 - 21:37 UTC

  Venezuela expands Chevron operations in Orinoco Belt following hydrocarbon reform

  

  Venezuela's government on Monday signed an agreement expanding US oil company Chevron's operations in the country, weeks after a hydrocarbon reform opened the sector to private and foreign investment. The signing ceremony took place at the Miraflores presidential palace in Caracas.

• Saturday, July 14th 2018 - 19:53 UTC

  Corruption unleashed: Venezuelan government denounced for enriching itself with aid funds

  

  According to a financial intelligence panel that met Friday in Cartagena, Colombia; in Venezuela, Maduro's government “uses food and humanitarian aid as a weapon for social control.”

• Friday, August 4th 2017 - 07:08 UTC

  Venezuela diverting oil to Russia's Rosneft, ignoring contracts in the US

  

  Venezuela's state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft, following a plan signed in May to catch up on overdue deliveries, according to PDVSA documents, sources from the company and its joint ventures.

• Thursday, August 16th 2012 - 05:02 UTC

  China soon to become Venezuela’s main trade partner; oil sales soared 60% this year

  

  Venezuelan oil sales to China have jumped by 60% since the start of the year, the country's oil minister said in an interview published on Sunday in the state-run Correo del Orinoco.

• Wednesday, August 1st 2012 - 07:46 UTC

  Argentina/Venezuela sign strategic cooperation agreement to boost energy

  

  After attending the Mercosur extraordinary meeting in Brasilia, President Cristina Fernández and her Venezuelan counterpart, Hugo Chávez, signed a cooperation agreement to develop a strategic energy plan between state oil companies YPF and PDVSA.

• Tuesday, July 31st 2012 - 01:19 UTC

  Chavez after an energy alliance with Argentina and Brazil in the framework of Mercosur

  

  Venezuelan president Hugo Chavez announced he expected to sign an oil/gas alliance between Argentina’s YPF and PDVSA (Venezuelan Petroleum) when he meets with his peer Cristina Fernandez in Brasilia in the framework of the Mercosur extraordinary summit to officially incorporate the country as full member of the trade group.

• Tuesday, July 24th 2012 - 20:57 UTC

  Chavez in a veiled threat tells Spain’s Repsol to seek agreement with Argentina

  

  Venezuelan President Hugo Chavez advised Repsol to seek a friendly agreement in its dispute with Argentina and noted that the Spanish energy company held important assets in his country.

• Monday, January 2nd 2012 - 03:46 UTC

  Victory for Chavez in arbitration with Exxon Mobil over assets’ nationalization

  

  An international arbitration panel has awarded US oil giant Exxon Mobil Corp 908 million dollars in compensation for Venezuela's 2007 nationalization of assets, less than 10% of what it sought in a dispute that pitted a top global oil company against one of the world's largest oil exporters.

• Monday, January 17th 2011 - 17:32 UTC

  Venezuela's Oil Reserves Surpass Those of Saudi Arabia

  

  Venezuela's president Hugo Chavez announced that his country's oil reserves total 217 barrels, topping Saudi Arabia's and making them the largest in the world.

• Thursday, July 15th 2010 - 06:05 UTC

  Venezuela oil reserves could double Saudi Arabia, says US assessment

  

  A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela's Orinoco belt region holds twice as much as previously thought.