Investment News in Venezuela

Minister Del Pino Affirms Venezuelan Position on Protection of Oil Prices
6/21/2016 - The People's Minister of Petroleum and President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pino, addressed the 21st plenary of the Council on Productive Economy, which took place at Miraflo...
India's ONGC $500m San Cristobal Investment Deal Imminent
2/24/2016 - Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's presid...
A Working Meeting Between Republic of Venezuela & Rosneft
2/2/2016 - Rosneft Chaiman of the Management Board Igor Sechin held a working meeting with the Minister of Petroleum and Mining of the Bolivarian Republic of Venezuela, President of PDVSA, Eulogio Del Pino. ...
Venezuela and Vietnam Sign Oil and Gas Agreements
8/31/2015 - During his official visit to the Socialist Republic of Vietnam , President of Venezuela Nicolas Maduro held meetings with President of Vietnam Truong Tan Sang, and Vietnamese business leaders who anno...
Venezuela Appeals for 2nd Time to World Bank Panel in Conoco Dispute
8/11/2015 - Venezuela has appealed for a second time to the World Bank's arbitration panel against its decision in the country's dispute with ConocoPhillips, linked to the nationalization of the company's assets....
Venezuela, Russia's Rosneft Agree on $14 billion Oil, Gas Investment
5/27/2015 - Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro said. ...
Venezuela Receives New $5 billion Loan from China
4/20/2015 - Venezuela has received a new $5 billion loan from China, President Nicolas Maduro said, part of an oil-for-loans deal that has become a key source of financing for the cash-strapped OPEC nation that i...
Venezuela Seeks Annulment of Exxon Award at World Bank Tribunal
2/25/2015 - Venezuela has requested the annulment of a World Bank tribunal award that orders it pay Exxon Mobil Corp $1.6 billion in compensation for nationalizations, both sides said. ...
Eni Signs Strategic Agreements for Perla Field in Venezuela
6/4/2014 - The Minister of Petroleum and Mines of Venezuela and President of PDVSA, Rafael Ramirez, Eni's CEO, Claudio Descalzi, and Repsol's President, Antonio Brufau, signed strategic agreements concerning the...
PDVSA Gets $2b Credit Line from Oil Service Companies
5/21/2014 - Venezuelan state oil company PDVSA said it had been granted a total of $2 billion in credit lines by oilfield services companies Halliburton Co, Schlumberger NV and Weatherford International Ltd.
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Conoco to Soon Argue Damages in Venezuela Dispute
5/13/2014 - Conocophillips CEO Ryan Lance said that his company and Venezuela's state-owned PDVSA are due to argue damages before an arbitration panel as their dispute over oil assets moves forward. ...
Venezuela's PDVSA Says $4.5 bln Bond Offer Begins
11/14/2013 - PDVSA President Rafael Ramirez said the Venezuelan state oil company's new $4.5 billion bond offer is starting. ...
PDVSA Delves into $4.5bln More Debt
11/12/2013 - Petroleos de Venezuela SA will sell $4.5 billion in bonds this week in the first issuance by a state entity since May 2012 as the government seeks to bolster shrinking reserves and curb the world’s fa...
Repsol Plans $4 bln Venezuela Investment up to 2022
11/8/2013 - Spain's Repsol plans to invest $4 billion from now until 2022 in its various oil and gas projects in Venezuela, state-oil company PDVSA said. ...
PDVSA, Repsol Discuss $1.2 bln Funding for Venture
10/16/2013 - State oil company PDVSA and Spain's Repsol are discussing a $1.2 billion financing deal for a joint venture in Venezuela, a top government official said. ...
PDVSA Inks $14bln CNPC Deal in the Junin 10 Block
9/18/2013 - China's CNPC will work with Venezuela's state oil company PDVSA to develop the Junin 10 block in the South American country's Orinoco extra heavy crude belt, the Venezuelan petroleum minister said. ...
Petronas Exiting Venezuela Crude Project
9/9/2013 - Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. ...
Venezuela Expropriated ConocoPhillips’ Investments
9/3/2013 - ConocoPhillips announced that an international arbitration Tribunal ruled Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in the Petrozuata and Hamaca heavy crude oil pro...
PDVSA Signs $4 Bln China Loan to Boost Orinoco Output
6/3/2013 - Petroleos de Venezuela SA, the state-owned oil producer, said it signed a $4.02 billion loan agreement with China’s Development Bank Corp. to increase production at the Sinovensa heavy oil joint ventu...
PDVSA to Invest over VEB 2 Bln Santa Ines Industrial Project
7/3/2012 - Petroleos de Venezuela (PDVSA) will invest VEB 2 billion ($ 465.1 million) in the construction of a housing complex in Santa Ines agro-industrial complex (COMINSI), in which the Santa Ines Battle Refi...

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