Tag: PDVSA

• Friday, January 23rd 2026 - 19:29 UTC

  Chavismo pushes oil-law reform to open Venezuela’s upstream to private firms

  

  Venezuela’s National Assembly has approved, in a first reading, a reform to the country’s Hydrocarbons Law that would expand private participation in crude production and marketing—an important shift from the long-running “mixed-company” model in which the state held majority stakes. The bill still requires a second reading before it can become law, EFE reported.

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• Wednesday, January 7th 2026 - 19:05 UTC

  PDVSA confirms negotiations with US for crude sales amid post-Maduro energy realignment

  

  Venezuela’s state oil company PDVSA confirmed on Tuesday that it is currently engaged in negotiations with the United States for the sale of crude oil volumes, framing the talks as a strictly commercial transaction.

• Wednesday, December 17th 2025 - 21:23 UTC

  Venezuela's PDVSA vows to continue global oil exports

  

  Venezuela’s state-owned oil company PDVSA declared Wednesday that its export operations remain fully functional, signaling a defiant stance against a newly announced naval blockade by US President Donald Trump.

• Wednesday, December 20th 2023 - 09:55 UTC

  Maduro meets with Repsol executives to advance on joint venture

  

  Venezuelan President Nicolás Maduro met Tuesday in Caracas with executives from the Spanish oil company Repsol to further discuss the details of Monday's agreement with the South American country's PDVSA (Petróleos de Venezuela) to reactivate operations as the United States temporarily lifted some sanctions previously imposed on the regime.

• Tuesday, March 21st 2023 - 10:10 UTC

  Venezuelan oil minister resigns amid corruption scandal

  

  Venezuelan Oil Minister Tareck El Aissami Monday resigned his post on Monday after the opening of a corruption investigation involving the state-owned oil company Petróleos de Venezuela (PDVSA) in which two officials have already been arrested. El Aissami, a powerful ally of President Nicolás Maduro, has been singled out by the United States as an alleged drug lord.

• Monday, May 9th 2022 - 19:28 UTC

  OPEC Chief visits Venezuela to bolster bilateral ties

  

  OPEC Secretary-General Mohammed Barkindo has visited Venezuela to strengthen bilateral ties between the rich oil-producing South American country, which is one of the 13 countries that make up the Organization of Petroleum Exporting Countries (OPEC).

• Tuesday, May 3rd 2022 - 20:18 UTC

  Paraguay turns down Venezuelan oil – climate change “an absurdity”

  

  Paraguay is making a statement as its stances on certain issues are being raised above circumstantial conditions that would advise against holding on no matter what to one's convictions.

• Monday, May 2nd 2022 - 19:53 UTC

  Iranian Petroleum Minister visits Venezuela to deepen bilateral ties

  

  Petroleos de Venezuela SA (PDVSA) CEO Asdrúbal Chávez has met in Caracas with Iran's Petroleum Minister Javad Owji to sign bilateral agreements between two countries heavily damaged by US-imposed sanctions.

• Wednesday, January 12th 2022 - 20:54 UTC

  Venezuela resumes crude exports after nine months

  

  Venezuela's state-run PDVSA will begin exporting diluted crude oil (DCO) this week after a nine-month stoppage, it was reported in Caracas. The last time PDVSA shipped diluted crude to Asia was in April last year.

• Wednesday, November 24th 2021 - 09:06 UTC

  Several Swiss banks “reprimanded” for breaching laundering rules with Venezuelan clients

  

  Several Swiss banks have been reprimanded for breaching laundering rules involving people linked to Venezuela's state oil company PDVSA, and have been ordered to terminate all business links with Venezuelan clients as well as with risky clients.