Tag: PDVSA

• Wednesday, July 31st 2019 - 09:46 UTC

  Maduro and Guaidó desperate: Venezuela on the verge of losing Citgo to an arbitration award

  

  Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.

• Monday, July 8th 2019 - 10:15 UTC

  Power outage hits Venezuela's largest refinery complex

  

  Venezuela's largest refinery complex has been hit by a power outage, at a time of acute fuel shortages in parts of the crisis-torn oil producer, an opposition lawmaker said on Sunday.

• Wednesday, June 5th 2019 - 10:50 UTC

  PDVSA: Venezuelan oil exports fall 17% in May

  

  Venezuelan oil exports fell by 17% in May compared to April, due to the difficulty to sell barrels of heavy crude oil that US refiners used to buy and process before the sanctions imposed on the Nicolás Maduro government, reported Reuters.

• Monday, May 20th 2019 - 09:58 UTC

  Long queues and fuel rationing in oil rich Venezuela; Army sent to “cool” angry tempers

  

  Soldiers oversaw rationing of gasoline at service stations in several parts of Venezuela on Sunday as worsening fuel shortages forced angry drivers to wait for hours to fill their tanks, prompting protests in some areas.

• Saturday, May 18th 2019 - 08:07 UTC

  Angry Venezuelans queue for hours because of gasoline shortage

  

  Drivers queued for hours in towns across Venezuela on Friday as fuel shortages worsened in the country following a plunge in gasoline imports and a stoppage at the nation's second-largest oil refinery.

• Saturday, April 20th 2019 - 09:26 UTC

  Venezuelan opposition prepared to pay US$ 71 million bond interests to save Citgo from seizure by creditors

  

  Venezuela's opposition-controlled National Assembly expects to vote on making a US$71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.

• Thursday, April 18th 2019 - 08:33 UTC

  Spain's Repsol suspends swaps of refined products for crude from Venezuela

  

  Spain’s Repsol has suspended its swaps of refined products for crude with Venezuela’s state-run oil company PDVSA, as U.S. officials weigh penalties for foreign firms doing business with Venezuela.

• Friday, April 12th 2019 - 09:48 UTC

  Venezuela ships a million barrels of oil to Cuba despite US sanctions

  

  Venezuela's state-run PDVSA has shipped one million barrels of oil to Cuba days after the United States imposed fresh sanctions on vessels and firms involved in exports to the island in an effort to halt oil trade between the political allies, according to a PDVSA document and tanker tracking data.

• Tuesday, April 9th 2019 - 07:29 UTC

  Venezuela pledges to fulfill its commitments to Cuba despite US sanctions

  

  Venezuela will “fulfill its commitments” to Cuba despite United States sanctions targeting oil shipments from Maracaibo to its ideological ally, Foreign Minister Jorge Arreaza said on Monday.

• Saturday, April 6th 2019 - 09:20 UTC

  US blacklists PDVSA tankers and two companies shipping Venezuelan oil to Cuba

  

  US Vice President Mike Pence announced sanctions on Friday on 34 vessels of Venezuela's state oil company and two companies that ship crude to Cuba as Washington pushes to oust President Nicolas Maduro.