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PDVSA

Venezuelan state-owned oil and power company

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Petróleos de Venezuela, S.A. is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.

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Special Report: How Russia sank billions of dollars into Venezuela quicksand

At the end of 2015, managers at Rosneft, the Russian state-controlled oil firm, sounded the alarm to their bosses about the company's investments in Venezuela. Rosneft's local partner, Venezuelan state..
Reuters - Published

Venezuela's Guaido readies to open up oil industry after years of nationalization

Venezuelan congress head Juan Guaido is preparing a groundbreaking reversal of late President Hugo Chavez's energy industry nationalization, allowing private companies a bigger role in its oilfields..
Reuters - Published

Videos for PDVSA

U.S. Says It Will Increase Sanctions To Hurt Venezuela [Video]U.S. Says It Will Increase Sanctions To Hurt Venezuela

The United States says it is prepared to impose “very significant” additional sanctions against Venezuela this week. According to Reuters, U.S. special envoy Elliott Abrams said on Tuesday that the..

Credit: Wochit News     Duration: 00:38Published

Russia created 'this crisis' in Venezuela: Pompeo [Video]Russia created 'this crisis' in Venezuela: Pompeo

U.S. Secretary of State Mike Pompeo on Monday criticized the role of Russia in creating "this crisis" in Venezuela by vetoing a UN Security Council resolution and other tactics "further squandering"..

Credit: Reuters Studio     Duration: 01:12Published

Blackout Halts Oil Exports From Venezuela [Video]Blackout Halts Oil Exports From Venezuela

According to Reuters, Venezuela's state-run oil company halted crude exports due to a blackout. Much of Venezuela has been without electricity for five days, forcing the country's primary port to..

Credit: Wochit News     Duration: 00:42Published

U.S. Hits Venezuela With New Sanctions Following Violence On Colombia Border [Video]U.S. Hits Venezuela With New Sanctions Following Violence On Colombia Border

According to a report by Reuters, on Monday, the United States targeted Venezuela's government with new sanctions, calling on allies to freeze the assets of its state-owned oil company PDVSA following..

Credit: Wochit News     Duration: 00:56Published

Univision crew deported after interview with Maduro [Video]Univision crew deported after interview with Maduro

Venezuela deported a Univision television news team led by anchor Jorge Ramos on Tuesday, the day after detaining them at the presidential palace because their line of questioning upset President..

Credit: Reuters Studio     Duration: 01:21Published

Venezuela hit with new U.S. sanctions after aid clashes [Video]Venezuela hit with new U.S. sanctions after aid clashes

The United States targeted Venezuela's government with new sanctions on Monday and called on allies to freeze the assets of its state-owned oil company PDVSA after deadly violence blocked aid from..

Credit: Reuters Studio     Duration: 02:00Published

US Hits Venezuela With New Sanctions [Video]US Hits Venezuela With New Sanctions

According to Reuters, the United States targeted Venezuela’s government with new sanctions on Monday. The U.S. has called on allies to freeze the assets of its state-owned oil company PDVSA. The..

Credit: Wochit News     Duration: 00:46Published

Russia's Gazprombank Freezes Accounts of Venezuela's PDVSA [Video]Russia's Gazprombank Freezes Accounts of Venezuela's PDVSA

According to Reuters, Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling..

Credit: Wochit News     Duration: 00:30Published

Venezuelan Opposition Moves To Take Oil Revenue From Maduro [Video]Venezuelan Opposition Moves To Take Oil Revenue From Maduro

Venezuela’s opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday. Reuters reports the opposition made the move in an attempt to take the OPEC..

Credit: Wochit News     Duration: 00:41Published

Venezuela's Opposition-Run Congress Names PDVSA, Subsidiary Boards [Video]Venezuela's Opposition-Run Congress Names PDVSA, Subsidiary Boards

According to a report by Reuters, on Wednesday, Venezuela's opposition-run congress named new transitional boards of directors to state oil company PDVSA and its US subsidiaries including refiner Citgo..

Credit: Wochit News     Duration: 01:04Published

Russia's Gazprombank Says Venezuela's PDVSA Has Not Opened New Accounts [Video]Russia's Gazprombank Says Venezuela's PDVSA Has Not Opened New Accounts

According to Reuters, Russia’s Gazprombank said on Sunday that Venezuela’s state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently...

Credit: Wochit News     Duration: 00:35Published

Venezuela Shifts Oil Ventures' Accounts to Russian Bank [Video]Venezuela Shifts Oil Ventures' Accounts to Russian Bank

According to Reuters, Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia’s Gazprombank...

Credit: Wochit News     Duration: 00:35Published

Sources Say Venezuela Moving To Replace U.S. Execs On Citgo Board [Video]Sources Say Venezuela Moving To Replace U.S. Execs On Citgo Board

According to a report by Reuters, sources claim that Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its US refining..

Credit: Wochit News     Duration: 00:46Published

Venezuela Opposition Announces U.S. Fund To Secure Oil Income [Video]Venezuela Opposition Announces U.S. Fund To Secure Oil Income

According to a report by Reuters, on Wednesday, Venezuela's opposition disclosed the opening of a US fund to receive oil income, while also decrying President Nicolas Maduro's overseas gold sales...

Credit: Wochit News     Duration: 00:50Published

European nations recognize Guaido as Venezuelan president [Video]European nations recognize Guaido as Venezuelan president

Major European nations joined the United States in recognizing opposition leader Juan Guaido as Venezuela’s interim president on Monday, heightening a global showdown over Nicolas Maduro’s..

Credit: Reuters Studio     Duration: 01:44Published

Jailed Citgo Executives Ask the U.S. to Help Win Their Release [Video]Jailed Citgo Executives Ask the U.S. to Help Win Their Release

According to Reuters, six executives from U.S. refiner Citgo held in a Venezuelan jail without a court hearing for more than a year, have asked the U.S. State Department and lawmakers to help win their..

Credit: Wochit News     Duration: 00:41Published

Spanish Court Agrees To Extradite Ex-Venezuelan Deputy Minister To The U.S. [Video]Spanish Court Agrees To Extradite Ex-Venezuelan Deputy Minister To The U.S.

According to a report by Reuters, on Thursday, a Spanish court agreed to extradite former Venezuelan deputy energy minister Nervis Villalobos to the United States, to face charges related to a plot to..

Credit: Wochit News     Duration: 00:34Published

Global oil braces for turmoil from U.S. crackdown on Venezuela [Video]Global oil braces for turmoil from U.S. crackdown on Venezuela

Oil prices rose more than 1 percent on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela's oil industry but pegged back by uncertainty over the global..

Credit: Reuters Studio     Duration: 02:23Published

Bolton notes on Venezuela crisis raise eyebrows [Video]Bolton notes on Venezuela crisis raise eyebrows

White House national security adviser John Bolton raised questions about the United States' intentions in Venezuela after he appeared at a briefing on Monday with a notepad displaying the words "5,000..

Credit: Reuters Studio     Duration: 01:44Published

U.S. Sanctions On Venezuela Spark Anger From Russia, China [Video]U.S. Sanctions On Venezuela Spark Anger From Russia, China

Reuters reports US sanctions on Venezuelan oil this week triggered higher global oil prices and anger from China and Russia. The Trump administration imposed restrictions on Venezuelan state-oil..

Credit: Wochit News     Duration: 00:51Published

U.S., Venezuela Envoys Trade Jibes Amid Disarmament Negotiations [Video]U.S., Venezuela Envoys Trade Jibes Amid Disarmament Negotiations

According to a report by Reuters, on Tuesday, senior US and Venezuelan diplomats traded jibes at a UN-sponsored Conference on Disarmament, one day after the Trump administration imposed sanctions on..

Credit: Wochit News     Duration: 00:56Published

U.S. oil moves against Venezuela, Citgo are illegal: Russia [Video]U.S. oil moves against Venezuela, Citgo are illegal: Russia

Russia's foreign ministry says U.S. sanctions on Venezuela's state oil firm, PDVSA, violate international law. PDVSA is the parent company of Citgo, which owns refineries and gas stations across the..

Credit: Reuters Studio     Duration: 01:03Published

U.S. imposes toughest sanctions yet on Venezuela [Video]U.S. imposes toughest sanctions yet on Venezuela

The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro. Jillian..

Credit: Reuters Studio     Duration: 01:53Published

US Sanctions Venezuela's State-Owned Oil Firm [Video]US Sanctions Venezuela's State-Owned Oil Firm

The US on Monday sanctioned Venezuela's state-owned oil company in an attempt to place pressure on President Nicolas Maduro. CNN reports Treasury Secretary Steve Mnuchin and national security adviser..

Credit: Wochit News     Duration: 00:51Published

 

Venezuela's Guaido moves to re-open energy industry: document

Venezuela's interim government led by congress head Juan Guaido is preparing new legislation to reverse late President Hugo Chavez's energy industry nationalization, allowing private companies a bigger..
Reuters - Published

U.S. sanctions Russian bank over dealings with Venezuela state oil firm

The United States sanctioned the Russian bank Evrofinance Mosnarbank on Monday, accusing it of helping Venezuelan state oil firm PDVSA evade U.S. financial restrictions and provide a "lifeline" for..
Reuters - Published

Venezuela blackout halts most oil exports, hits crude upgrading: sources

By Deisy Buitrago, Mircely Guanipa and Marianna Parraga CARACAS/PUNTO FIJO, Venezuela (Reuters) - Venezuelan state-run oil firm PDVSA has been unable to resume crude exports at its primary port since..
Firstpost - Published Also reported by •Reuters
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