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.
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
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
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..
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..
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..
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..
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..
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..
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..
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
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
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