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PDVSA

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The systematic destruction of the PDVSA

30 January 2019

The United States has just imposed a series of sanctions on the PDVSA, the state company tasked with exploiting and selling the hydrocarbons belonging to Venezuela. According to the US Treasury Secretary, Steven Mnuchin, “the Maduro Regime” was making use of the PDVSA to “control, manipulate (…)

US Planning to Grab Venezuela’s Oil

by Nil Nikandrov

Moscow (Russia) | 9 June 2011

There is a growing impression that Venezuela with its oil riches is the next country on the US hit list. Latin America analyst Nil Nikandrov opines that one would have to be a hopeless idealist to believe that - after US crusades swept across Asian and African oil-producing countries - the (…)

International Energy Agency Increases Venezuela’s Oil Production Estimates, Maybe

by Gregory Wilpert , Michael Fox

Caracas (Venezuela) | 20 May 2006

Last week, the Venezuelan Minister of Petroleum and Energy, Rafael Ramirez, declared that the International Energy Agency (IEA) has recognized that Venezuela is extracting over 3.0 million barrels of oil per day.

Lies, Damn Lies, and Oil Production Statistics: Venezuela Files SEC Report

Caracas (Venezuela) | 20 October 2005

Last week the Venezuelan state oil company, Petroleos de Venezuela, or PDVSA, submitted its audited financial statements to the U.S. Securities and Exchange commission for 2003. The full 150 page document is here and can be read by anyone who wants to review PDVSA’s performance.

Venezuela to Invest in Refineries in Brazil and Argentina

by Gregory Wilpert

Caracas (Venezuela) | 6 October 2005

Venezuela reached separate agreements with Brazil and with Argentina to invest in refineries in the two respective countries. Venezuela’s President Chavez announced the plans were during a summit of the Community of South American Nations (CSN), which took place last week and was attended by the (…)

Armed Forces Protect Venezuela’s Oil Fields

by Gregory Wilpert

Caracas (Venezuela) | 5 May 2005

Venezuela’s Defense Minister, Jorge Garcia Carneiro announced today that last month the Minister of Energy and Petroleum, Rafael Ramirez, had asked for the armed forces to take control of various oil installations in western Venezuela in order to prevent sabotage. The deployment, known as (…)

PDVSA promotes the construction of new refineries

Venezuela is a key player in the world energy balance

Californie (Etats-Unis) | 4 April 2005

– Before an audience of more than 1,200 delegates of 400 companies related to the hydrocarbon business, Alejandro Granado, Vice-president of PDVSA, advised in San Francisco, California, on the urgent need of increasing the refining capacity of the Atlantic Basin since the requirements for (…)

Pdvsa increased oil exports to 2.7 million barrels per day

by Alia2

Caracas (Venezuela) | 15 October 2004

According to Asdrúbal Chávez, Commerce and Supply CEO for the Venezuelan state owned oil company (Pdvsa), this corporation has increased its average exports of crude oil and oil products to 2.7 million barrels per day so far this year. These figures include the 330,000 barrel yield by the (…)

Venezuela Rejects U.S. Ruling on Alleged PDVSA Expropriation of Assets from CIA-linked Firm

by Martin Sanchez

Caracas (Venezuela) | 22 July 2004

Venezuelan government officials reacted to a decision by a U.S. government agency which ruled that the Venezuelan state oil company PDVSA had "expropriated" assets belonging to Science Applications International Corporation (SAIC), a firm based in San Diego.

PDVSA’s 2004-2009 Business Plan contemplates a $ 26 billion investment in oil & gas exploration and production

by Alia2

Caracas (Venezuela) | 31 May 2004

Petróleos de Venezuela is to invest $ 37 billion in the business. Of that amount, approximately $26 billion is being allocated to exploration and production operations, as contemplated in Petróleos de Venezuela’s 2004-2009 Business Plan, according to Félix Rodríguez, vice-president of the (…)