Sentences with phrase «venezuelan state oil company»
FILE PHOTO: A man wears a cap with the logo of PDVSA as he attends the swear - in ceremony of the new board of directors of Venezuelan state oil company PDVSA in Caracas, Venezuela January 31, 2017.
https://www.reuters.com/
CARACAS Venezuelan state oil company PDVSA has sued a group of oil trading companies through a U.S. trust over a multi-billion dollar corruption scheme to buy petroleum products below market value, the lawyer representing the trust said on Thursday.
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August saw the US's most drastic action, restricting the Venezuelan government's access to the US financial system, preventing it and the state oil company, PDVSA, from issuing new debt in US dollars.
PDVSA is a state - owned oil and natural gas company which, in addition to the Venezuelan government, is also the target of U.S. sanctions.
Today's executive order almost explicitly targets the petro, an oil - backed cryptocurrency tied to Petróleos de Venezuela, S.A. (PDVSA), a Venezuelan state - owned oil and natural gas company.
The Venezuelan government and its state - run oil company, PDVSA, both defaulted on certain bonds in November, according to ratings agencies.
75 percent of its 1.8 million hectares — which includes both the park itself and a «Natural Area of Integrated Management» (NAIM)-- are overlapped by oil and gas concessions held by Spain's Repsol, Brazil's state oil and gas company Petrobras, and PetroAndina, a joint venture between the Bolivian and Venezuelan state companies, YPFB and PDVSA.