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PDVSA

US Court Blocks Exxon from Collecting Venezuela Award

PDVSA is the single largest source of income for the Venezuelan government, which is facing its deepest economic crisis in two d

A US appeals court blocked Tuesday the enforcement of a multi-million dollar award against Venezuelan state oil firm PDVSA, citing procedural concerns.

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Venezuelan Opposition Threatens Goldman Sachs over $2.8bn Bond Deal

National Assembly head Julio Borges has threatened the Wall Street bank with non-payment. (Archive)

Venezuela’s opposition-controlled National Assembly has threatened not to pay US $2.8 billion in PDVSA bonds purchased by Goldman Sachs through a third party broker this week.

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PDVSA Boss Arrested for Sabotaging National Oil Supply

Long queues outside of gas stations last week. (Panorama Venezuela)
Senior management figure Marco Malavé (47) was charged with causing “irregularities” in the country’s domestic fuel market following widespread gas shortages last week. 

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Venezuelan Finance Minister Assures PDVSA Will Pay Out 2017 Bonds

Economy Vice President Ramón Lobo. (@RamonLoboPSUV)

Minister of Finance, Industry and Commerce Ramón Lobo confirmed in an interview this week that Venezuela will meet its debt payments for 2017 in light of this year’s rise in global oil prices.

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Venezuela’s PDVSA to Boost Gas Distribution

Venezuela has the world's eighth largest proven gas reserves. (AVN)

Venezuelan state oil firm PDVSA announced Thursday plans to partner with private company Gavenplast to boost domestic gas production and distribution.

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Venezuela’s PDVSA Sees Lower Debt in 2017

PDVSA is the Venezuelan government's single largest source of revenue. (AVN)

Venezuelan state oil firm PDVSA revealed Friday it managed to reduce its debt obligations last year.

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Venezuela Mulls Suing JP Morgan over De Facto Economic Blockade

Venezuela's President Nicolas Maduro speaks during his weekly broadcast in La Victoria, Venezuela, Nov. 20, 2016 (Reuters).
The U.S. investment bank claimed that Venezuela's state oil company missed debt payments. The country hasn't missed payments since 2002.
 
 

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China and Venezuela Sign $2.2 Billion Deal to Boost Oil Output

PDVSA President Eulogio del Pino signs agreement with his Chinese counterpart. (AVN)

Venezuelan state oil company PDVSA signed a US $2.2 billion investment deal Thursday with China’s National Petroleum Company (CNPC) to increase production by 227 thousand barrels per day (BPD).

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Venezuela Strikes Oil Deals Worth US$1.45 Billion

enezuelan Oil Minister Eulogio del Pino (left) and businessman Oswaldo Cisneros (right) signing the agreements on Friday. (VTV)

Venezuela’s state oil company PDVSA signed the financing agreements with the Indian government’s Oil and Natural Gas Corporation (ONGC) and local company Delta Petroleum on Friday. 

 

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PDVSA Secures $2.8 Billion Bond Swap to Avert Default

(Asuntos Públicos Pdvsa)

PDVSA President Eulogio Del Pino hailed the deal as a “victory over the onslaught of internal and external elements that wagered on a negative result for the company and the country”. 

 

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