The announcement comes as Venezuela faces acute financing problems after creditors and ratings agencies declared the government and state - run
oil firm PDVSA to be in partial default for missing interest and principle payments on bonds.
The government has suspended a recall referendum drive against hapless President Maduro even as it tries to entice creditors of ailing state
oil firm PDVSA to accept a sweetened bond swap.
Not exact matches
The typical suppliers of this product are trading and
oil firms that have close relationship with
PDVSA, including Russian energy giant Rosneft.
Potential U.S. sanctions on sales of light crude to Venezuela's
oil company
PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run
firm and Thomson Reuters data.
HOUSTON / CARACAS, April 23 - Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned
oil company
PDVSA, according to two sources familiar with draft charges against the U.S.
firm's executives.
Two Chevron employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state - owned
oil company
PDVSA, according to two sources familiar with draft charges against the U.S.
firm's executives.
The arrests, by national intelligence agents, marked the first at a Western
oil firm in Venezuela and represent a dramatic escalation of growing tensions between
PDVSA and foreign companies over control of supply contracts.
The arrests, by national intelligence agents, marked the first at a Western
oil firm in Venezuela and represent a dramatic escalation of growing tensions between
PDVSA and foreign companies over control of supply contracts, the sources told Reuters.
HOUSTON, April 25 An international arbitration court has ordered Venezuela's state - run
oil company
PDVSA to pay ConocoPhillips $ 2.04 billion for early dissolution of two joint ventures for producing
oil in the OPEC - member country, the U.S.
firm said on Wednesday.
What's going on is that thousands of
oil workers are fleeing the state - run
oil firm under the watch of its new military commander, who has quickly alienated the
firm's embattled upper echelon and its rank - and - file, according to union leaders, a half - dozen current
PDVSA workers, a dozen former
PDVSA workers and a half - dozen executives at foreign companies operating in Venezuela.
They wanted a word with the OPEC nation's
oil minister and president of its state - run
oil firm,
PDVSA [
PDVSA.UL], about the sorry state of the company.