PDVSA ramps up sales to independent refiners in China Country exported 844,000 bpd of crude, fuel and 233,000 tons of byproducts in June June exports pushed up by more sales of Boscan heavy crude ...

Exports to China directly and through trans-shipment hubs were about 90% of the June total, compared with 75% in May, according to the data and documents. PDVSA also shipped some 8,000 bpd to its ...

Venezuela's second-largest refinery, the 310,000-barrel-per-day Cardon plant operated by state company PDVSA, remained halted on Monday after a power blackout, three sources with knowledge of its ...

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In 2020, those PdVSA bondholders helped bail out the collapsing Maduro dictatorship, betting that they would reap big payouts under a contract that collateralized their bonds with 50.1% of Citgo ...

PDVSA will have a stake of at least 50% in whatever crude is produced — the exact percentage varies by block — and the partner company will handle all operations and its share of the oil sales.

According to internal PDVSA documents and vessel-tracking data, Venezuela shipped 779,000 bpd of crude and refined products last month—down only slightly from April’s 783,000 bpd.

Venezuela’s state-run oil company, Petroleos de Venezuela (PDVSA), has reportedly signed at least nine new agreements with foreign service providers, including two Chinese companies, to maintain ...

After U.S. sanctions forced out Western oil companies in May, Venezuela signed at least nine deals with foreign firms, including major Chinese and Argentine companies. PDVSA’s new partners ...

A U.S. judge in Delaware has extended the schedule for a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, moving the sales process's final hearing to ...

Compounding the economic pressure, the U.S. also imposed a 25% tariff on countries purchasing Venezuelan oil and gas, part of a broader effort to enforce sanctions on PDVSA, Venezuela’s state ...

PDVSA predicts that the nine blocks under these 20-year contracts will yield a combined 600,000 barrels per day with $20bn (1.97trn bolivars) in capital expenditure, according to the document.