Tag: PDVSA

• Friday, May 21st 2021 - 08:43 UTC

  Former Uruguayan VP gets suspended jail sentence

  

  Former Uruguayan Vicepresident Raúl Sendic Rodríguez was handed down an 18-month suspended jail sentence Thursday for abuse of office and embezzlement.

• Thursday, January 7th 2021 - 09:55 UTC

  Credit Suisse cuts relations with wealthy Venezuelan families

  

  Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy.

• Friday, November 27th 2020 - 09:42 UTC

  Venezuela resumes direct shipments of oil to China despite US sanctions

  

  Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA).

• Wednesday, October 21st 2020 - 09:40 UTC

  Venezuelan tanker listing dangerously: fears of a catastrophic spill of 1,3 million barrels of crude

  

  Concerns are growing that an oil tanker carrying millions of gallons of oil could spill its load into the sea between Venezuela and Trinidad and Tobago, causing an ecological catastrophe.

• Wednesday, September 23rd 2020 - 08:44 UTC

  US Asphalt Company pleads guilty to paying bribes to South American leftist governments to win contracts

  

  A major U.S. asphalt company agreed to pay US$16.6 million in fines while pleading guilty Tuesday to federal charges that it paid millions in bribes to officials in Brazil, Ecuador and Venezuela for almost a decade to win lucrative contracts.

• Tuesday, September 22nd 2020 - 08:31 UTC

  Mexican court unfreezes bank account of company blacklisted by US for trading with Venezuela

  

  Mexican court has unfrozen the bank accounts of a local company blacklisted by the United States for trading in oil with Venezuelan state oil firm PDVSA despite US sanctions, Mexico's anti-money laundering unit said.

• Friday, May 1st 2020 - 08:31 UTC

  US looking into Mexican firms involved in oil for food accord with Venezuela

  

  The U.S. State Department, the Treasury Department and the U.S. Embassy in Mexico are investigating at least two Mexican firms involved in an oil-for-food pact signed in 2019 with Venezuela’s government, U.S. officials said.

• Monday, March 9th 2020 - 07:48 UTC

  Mexican company humanitarian swap of corn and water trucks for Venezuelan oil

  

  Venezuela has swapped millions of barrels of crude for supplies of corn and water trucks under an oil-for-food deal struck with a Mexican firm, in an effort to secure imports amid tightening U.S. sanctions, according to the company and export schedules.

• Monday, February 17th 2020 - 08:50 UTC

  Venezuela urgently shipping oil to fuel-short Cuba and its crippled its sugar and tourism industries

  

  Venezuela's state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources.

• Tuesday, January 28th 2020 - 08:35 UTC

  Maduro prepared to hand over the oil industry to foreign private companies

  

  Venezuelan President Nicolas Maduro is considering selling shares of the country's state-owned oil company, Petroleos de Venezuela SA, in an attempt to recover the country's petroleum industry and its dwindling production.