Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

Venezuela's state-run PDVSA reported external hydrocarbon sales of $17.52 billion in 2024. This occurred during a period when ...

CNPC, once a key producer in Venezuela’s Orinoco belt, has seen at its Sinovensa joint venture dwindle to 103,000 barrels a day on April 1, according to PDVSA data seen by Bloomberg. Production is ...

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades dwindles, creating bottlenecks for producing exportable blends ...

CNPC holds 40% in Sinovensa, a joint venture with PDVSA that produces tar-like crude from the Orinoco.

These investments were financed by $50 billion in loans China extended to Venezuela since 2007 under former President Hugo Chavez, but CNPC halted fresh investments in 2009, focusing instead on ...

Chinese state-owned PetroChina holds a 40% stake in the Sinovensa project in the Orinoco belt alongside Venezuelan state oil company PDVSA.

A Treasury spokesperson on Saturday declined to comment further on the latest development. The vessel arrived in Venezuela in September with its transponder turned off while carrying 2.1 million ...

Wills Rangel, a PDVSA board member and a union leader, said in a late Wednesday interview that the condensate would help boost crude output at oilfields associated with the Petrocedeno, Petropiar and ...

Likewise, CNPC is looking to boost operations at Sinovensa, Sinovenezolana I and II, Petrourica and Petrozumano, its joint ventures with PDVSA in the eastern Orinoco Oil Belt and western Venezuela.

Venezuela’s state-run oil company PDVSA has restarted crude blending at its Sinovensa and Petropiar plants after a gas supply outage to the Jose oil export terminal halted operations last week, ...