pdvsa Archives - Page 6 of 6

Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports

October 1, 2018

From Bloomberg New rules forcing ships to use cleaner marine fuels may deal yet another blow to cash-strapped Petroleos de Venezuela SA, an exporter of high-sulfur fuel oil. From Jan. 1, 2020, vessels will have to switch to less-polluting bunker fuel or be fitted with equipment to curb emissions, under new International Maritime Organization rules. That’s expected to weaken demand for the high-sulfur

Venezuela Eyes First-Ever Refining of Foreign Oil

June 14, 2018

From Reuters Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves. State-run oil company PDVSA may process up to 57,000 barrels per day (bpd) of foreign crude in June at the country’s largest refinery,

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

April 11, 2017

PDVSA may transfer 49.9% claim as part of debt settlement Russian state-owned oil giant Rosneft may end up owning U.S. downstream operator CITGO if Venezuela’s state-owned PDVSA is unable to pay back dues on a $1.5 billion loan from the Russian company. A 49.9% stake of CITGO, which is owned by PDVSA’s U.S. subsidiary, was used as collateral in December

Venezuela Unraveling: PDVSA Misses Bond Interest Payments

November 22, 2016

Default would be catastrophic for Venezuela From Stratfor Venezuela’s state-run oil and natural gas company, Petroleos de Venezuela (PDVSA), has been ailing for some time. Low oil prices and political disarray have made it difficult for PDVSA to repay its debts, but the government has managed to do so by contracting food imports. The fate of the company has far-reaching implications for the country’s

pdvsa

Venezuela Faces Fresh Blow With Ship-Fuel Rules Threatening Exports

Venezuela Eyes First-Ever Refining of Foreign Oil

Rosneft Looks to Collect on a 49.9% Stake in U.S. Oil Company

Venezuela Unraveling: PDVSA Misses Bond Interest Payments

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