Judge Clears Way for Final Bids on Citgo in Setback to PDVSA
A judge cleared the way for final offers for Citgo Petroleum Corp.’s US parent, denying objections from Venezuela’s ...
Poland hunts for $330 mln of Orlen payments for Venezuela oil, sources say
A Swiss unit of Polish refiner Orlen paid two Dubai-based intermediary companies $330 million for Venezuelan oil, but ...
Bloomberg L.P.8d
PDVSA Says Citgo Bidding Process ‘Improperly’ Favors Bondholders
Venezuela’s state-owned oil company is objecting to the bidding process for the court-ordered sale in July of a unit, PDV Holding, that owns the US-based refiner Citgo Petroleum. Lawyers for ...
coinspeaker3d
Tether Freezes $5.2M in USDT from 12 Suspicious Addresses
Blockchain security platform MistTrack announced that Tether had frozen $5.2 million in the USDT stablecoin belonging to 12 ...
PDVSA Head of Logistics Is Denied Bond in Sanctions Evasion Case
The head of logistics, procurement, and warehousing for Petróleos de Venezuela SA will remain in custody pending his trial on claims that he was part of a conspiracy to evade US sanctions against the ...
Rigzone7d
PDVSA Protests Citgo Bidding Process at US Court
PDVSA said a separate court fight has yet to determine the extent of claims by holders of the defaulted bond that matured in 2020. The special master’s process assumes that those holders will ...
Crude Oil Prices7d
U.S. Extends License For Transactions With Venezuela's PDVSA
The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil ...
MercoPress1y
PDVSA suspends oil exports to review contract terms fearing no payment defaults
PDVSA has had to resort to middlemen to market its oil and this has created complications with payments. The reviews will be taking place under the new head of the Venezuelan oil giant.
Rigzone24d
Ten Charged in US Accused of Aiding Venezuela's PDVSA
United States authorities have indicted 10 people for breaching sanctions against Petróleos de Venezuela SA (PDVSA), one of them a Venezuelan military official, the Department of Justice (DOJ ...
Nasdaq1mon
Chevron (CVX), PDVSA Launch New Drilling Plan in Venezuela
A joint venture (JV) between Chevron Corporation CVX, a U.S. oil giant, and Venezuela's state oil company PDVSA has initiated its new drilling campaign. This is part of CVX’s plan to ...
devdiscourse7d
US allows some wind down transactions with Venezuela's state oil company
The United States on Friday extended a general license allowing certain transactions with Venezuelan state oil company PDVSA that are necessary for wind-down operations, according to a notice posted ...
Venezuelanalysis2mon
Venezuela: Oil Output Shows Steady Increase as PDVSA Reaches Out to Foreign Partners
For its part, state oil company PDVSA reported 877,000 daily barrels produced last month, up from 841,000 in January. Nevertheless, exports have not increased accordingly due to shipping delays and ...