All publications by tag «PDVSA»
2018, November, 26, 13:25:00VENEZUELA'S OIL DOWN TO 1.17 MBD
REUTERS - The country’s oil production has fallen to just 1.17 million barrels-per-day, a 37 percent drop in the last year, according to reports from secondary sources to OPEC, leaving itstruggling to ship Russian entities the roughly 380,000 bpd it has agreed to send, according to PDVSA
2018, August, 22, 12:30:00CONOCOPHILLIPS - PDVSA: $2 BLN
OGJ - the ICC tribunal awarded ConocoPhillips $2.04 billion after PDVSA failed to uphold its contractual commitments. The award applies to contracts ConocoPhillips had with PDVSA and two of its subsidiaries in the Hamaca and Petrozuata heavy crude oil projects expropriated by the government and to fiscal changes enacted before the nationalizations in 2007.
2017, November, 17, 19:45:00RUSSIA - VENEZUELA RESTRUCTURING $3 BLN
FT - Russia has come to the aid of Venezuela with a deal to restructure $3.15bn of sovereign debt, allowing Caracas to meet obligations to other creditors and underlining Moscow’s role as the crisis-hit country’s main foreign backer.
2017, September, 11, 12:25:00VENEZUELA'S RESTRUCTURING
“There was a request from our colleagues in Venezuela to carry out a restructuring,” Russian finance minister Anton Siluanov said. “There are difficulties in fulfilling the debt.”
2017, August, 28, 19:35:00U.S. - VENEZUELA SANCTIONS
U.S. - The Trump administration imposed new sanctions prohibiting trading new debt and equity issued by the Venezuelan government and state oil company PDVSA.
2017, January, 30, 18:35:00VENEZUELA AGAINST CORRUPTION
Venezuela's president on Sunday created an executive vice president post and named new vice presidents to lead PDVSA in what he described as a shake-up of the state oil company and an effort to root out corruption in the OPEC nation's principal industry.
2016, November, 18, 18:35:00VENEZUELA & CHINA: $50 BLN
Venezuela has borrowed over $50 billion from China under a financing arrangement created by late socialist leader Hugo Chavez in 2007, in which a portion of its crude and fuel sales to the world's second-biggest economy are used to pay down loans.
2016, August, 3, 18:50:00ROSNEFT & PDVSA STRATEGIC PARTNERSHIP
Crisis in the global energy industry provides a unique opportunity to expand Rosneft and PDVSA cooperation, which may have a substantial effect on the global oil markets balancing.
2016, July, 27, 18:35:00VENEZUELA NEED MONEY
Venezuela and state oil company PDVSA face heavy debt payments this year amid weak oil markets and continuing decay of its socialist economic model. Neither have been able to borrow in recent years because the extremely high yields have made such operations too costly.
2016, February, 4, 19:05:00ROSNEFT & PDVSA COOPERATION
Efficient joint efforts in the assets’ management enabled to reach remarkable increase of hydrocarbon production volumes both at brownfields and greenfields. Well-elaborated investment strategy provides favorable financial outcome from joint projects despite the challenging macroeconomic environment.