Financials and Investment News in Venezuela

International Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion
3/8/2019 - ConocoPhillips (COP) announced that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously order...
Venezuela & Russia Sign Financing Renegotiation Agreement
11/15/2017 - The Bolivarian Republic of Venezuela signed an agreement with the Russian Federation stipulating the terms of the financing renegotiation, in compliance with the instructions of the President of the R...
Rosneft Lent Venezuela's State Oil Firm Over $1B in April
8/4/2017 - Russian state oil producer Rosneft in April made a $1.015 billion advance payment to PDVSA, Venezuela's state oil firm, under a crude oil purchase agreement with the company, Rosneft said in a quarter...
Puerto La Cruz Refinery Conversion to Receive New Financing from Hyundai
5/15/2017 - The president of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, received a high-level delegation from Hyundai Engineering & Construction, the main contractor for the Deep Conversion Project at ...
Venezuela Talks Over Gas Deals to Allow Mixed Currency Payments
4/26/2017 - Venezuela is renegotiating licenses for its natural gas projects to incorporate mixed payments in local currency and U.S. dollars for gas sales, said a gas companies' union. ...
Important Progress in the Recovery of Oil Prices
Important Progress in the Recovery of Oil Prices 1/22/2017 - The Minister of Popular Oil, Nelson Martinez, offered statements following his first meeting of the OPEC Joint Monitoring Ministerial Committee and not OPEC, noting that it was very positive and that ...
OPEC & Non-OPEC Producers Agreement to Control Oil Market
OPEC & Non-OPEC Producers Agreement to Control Oil Market 11/8/2016 - The Bolivarian Republic of Venezuela is committed to OPEC’s principles and fundamental objectives and continues to endeavor to achieve a much needed agreement among producers to restore the equilibriu...
Repsol Provides $1.2 billion Credit Line for Venezuela Oil JV
10/7/2016 - Spain's Repsol is providing a credit line of up to $1.2 billion to boost oil output at a joint venture it runs with Venezuelan state oil company PDVSA, the companies announced. ...
PDVSA Announces Swap Offer for 2017 Bonds
9/16/2016 - Petroleos de Venezuela, S.A. (PDVSA) announces that as of September 16th is offering a voluntary swap of PDVSA bonds in circulation maturing April 2017 with a coupon of 5.25%, and maturing November 2...
Venezuela and China Consolidates a Perfect Integration
8/10/2016 - People’s Minister of Petroleum and President of Petroleos de Venezuela, S.A., (PDVSA), Eulogio Del Pino, highlighted the importance of China-Venezuela bilateral relations to guarantee the growth and e...
Hydrocarbons Contribute to the Development of the Caribbean
6/4/2016 - The President of the Bolivarian Republic of Venezuela, Nicolas Maduro, is in Havana, Cuba, where the Seventh Summit of Heads of State of the Association of Caribbean States (ACS) is being held, accomp...
Venezuela and Nigeria Exchange Views Ahead of the OPEC Meeting
6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, held a bilateral meeting with Minister of State for Petroleum resources of Nigeria, Emmanuel Ibe Kachikwu, the day prior to the 169th Meeti...
Minister Del Pino Met with his Counterpart from Saudi Arabia
6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, met with his counterpart from Saudi Arabia, Khalid Al Falih, the day before the 169th Meeting of the OPEC Conference. ...
Ministers Del Pino and Khepri Held a Meeting Prior to the OPEC Conference
6/1/2016 - People’s Minister of Petroleum and Mining, Eulogio Del Pino, and his Algerian counterpart, Salah Khebri, exchanged views on the current situation of the oil market, the day before the 169th Meeting of...
PDVSA Average Production Cost is $13 per Barrel
1/22/2016 - People's Minister of Petroleum and Mining and President of Petroleos de Venezuela, S.A. (PDVSA) Eulogio Del Pino, said that the average cost of oil production in Venezuela is $13 per barrel. ...
The Time Comes to Take the Reins of the Oil Market
1/20/2016 - At the installation ceremony of the National Council on Productive Economy, held at the Teresa Carreno Theater in Caracas, President of the Bolivarian Republic of Venezuela Nicolas Maduro, called on ...
Venezuela to Push for 5% Output Cut at OPEC Meeting
12/1/2015 - Venezuelan President Nicolas Maduro reiterated his hopes for OPEC action ahead of the group's meeting, adding the South American country was pushing for a 5 percent output cut to shore up prices. ...
Venezuela Defends Equilibrium Price in Oil Market
10/26/2015 - People’s Minister of Petroleum and Mining and President of Petroleos de Venezuela, SA (PDVSA), Eulogio Del Pino, participated along with the president of the Permanent Commission on Energy and Petrole...
Minister Del Pino: "Equilibrium Prices Guarantee the Stability of the International Oil Market"
10/22/2015 - People’s Minister of Petroleum and Mining and President of Petroleos de Venezuela, SA (PDVSA) Eulogio Del Pino, ended his visit to Vienna by announcing that Venezuela is proposing a new concept based ...
Venezuela Calls for Stability of the Oil Market
10/21/2015 - On Tuesday, President of the Bolivarian Republic of Venezuela Nicolas Maduro, during his TV program In Contact with Maduro No. 43, from Santa Ines Agroindustrial Complex in the state of Barinas, anno...

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