pdvsa

Reserves to rise through 2030: Ecuador state oil firm


September 6th, 2012 - 11:32 am ICT by IANS
Quito, Sep 6 (IANS/EFE) Ecuadorian state oil firm Petroamazonas expects crude reserves at its fields in the Amazon region to climb by around 7 percent through 2030 thanks to a ... Read more...

Posted in Business |

Venezuela confirms start-up of oil exploration off Cuba


September 6th, 2012 - 10:48 am ICT by IANS
Lecheria (Venezuela), Sep 6 (IANS/EFE) State-owned oil giant Petroleos de Venezuela, or PDVSA, has started exploring for oil in deepwater areas off Cuba, Oil and Mining Minister Rafael Ramirez said."It ... Read more...

Posted in Uncategorized |

Ecuador expects China to fully finance refinery


April 23rd, 2012 - 11:30 am ICT by IANS
Quito, April 23 (IANS/EFE) Ecuador expects China to provide all of the financing for the Refineria del Pacifico, a mega-refinery for processing crude and the largest public works project in ... Read more...

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Russian firm to operate two oil fields in Venezuela


April 13th, 2012 - 11:34 am ICT by IANS
Caracas, April 13 (IANS/EFE) Russia's Gazprombak Latin America Ventures will operate two oil fields in northwestern Venezuela in a joint venture with Corporacion Venezolana del Petroleo, or CVP, the government ... Read more...

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Mexican firm eyeing Cuba offshore oil projects


April 13th, 2012 - 11:04 am ICT by IANS
Havana, April 13 (IANS/EFE) Mexican President Felipe Calderon said his country's state-owned oil company, Petroleos Mexicanos, is considering participating and investing in crude and natural gas exploration and production projects ... Read more...

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Venezuela to pay nationalized US firms $420 mn


March 26th, 2012 - 12:02 pm ICT by IANS
Caracas, March 26 (IANS/EFE) State energy giant Petroleos de Venezuela SA (PDVSA) will pay US natural gas companies Williams Cos Inc. and Exterran Holdings Inc. a total of $420 million ... Read more...

Posted in Business |

Venezuela pays Exxon $250 mn for nationalized assets


February 17th, 2012 - 11:28 am ICT by IANS
Caracas, Feb 17 (IANS/EFE) Venezuela has paid US oil giant ExxonMobil $250 million in compensation for the 2007 nationalization of crude assets.This brings an end to a "legal situation established ... Read more...

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Venezuelans protest against US sanctions


May 26th, 2011 - 9:09 am ICT by IANS
Caracas, May 26 (IANS) Thousands of Venezuelans Wednesday gathered in oil facilities of Caracas and other cities to stage protest against the US economic sanctions against state-run oil company Petroleos ... Read more...

Posted in Uncategorized |

Venezuela, Cuba sign oil exploration treaty


April 23rd, 2010 - 12:43 pm ICT by IANS
Caracas, April 23 (IANS/EFE) Venezuela and Cuba have signed a treaty for exploration of crude oil and natural gas in two Venezuelan states, the state-owned oil authority has said. The joint venture, named ... Read more...

Posted in Business |

Venezuela, China announce joint oil venture


April 20th, 2010 - 7:15 am ICT by IANS
Caracas, April 20 (IANS/EFE) Venezuela and China will together invest $16.32 billion in a joint oil venture to pump 400,000 barrels per day from the Junin 4 Block in the Andean nation's ... Read more...

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Brazilian firm to invest $400 mn in Colombia


March 18th, 2010 - 11:21 am ICT by IANS
Bogota, March 18 (EFE) Brazilian state-controlled energy company Petrobras plans to invest close to $400 million in Colombia over the next three years, Colombian business daily Portafolio reported Wednesday. "Petrobras is attuned to ... Read more...

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Venezuela, China sign oil, mining agreements


December 24th, 2009 - 1:02 pm ICT by IANS
Caracas, Dec 24 (IANS/EFE) Venezuela and China have signed several new accords, one of which calls for Caracas to sell 500,000 barrels of oil per day to the Asian country and another ... Read more...

Posted in Business |

Venezuela and Russia complete oil deal negotiations


September 14th, 2009 - 8:16 am ICT by IANS
Caracas, Sep 14 (EFE) Venezuela and Russia have completed negotiations for joint production from one of the fields in the oil-rich Orinoco Belt, Venezuelan state-owned oil giant PDVSA said. The Junin 6 Block ... Read more...

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Russia, Venezuela sign package of oil deals


September 10th, 2009 - 11:57 pm ICT by IANS
Moscow, Sep 10 (RIA Novosti) Russia and Venezuela signed Thursday a package of deals, including one to develop the Latin American country's Orinoco oil belt, with estimated reserves of 235 billion barrels ... Read more...

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Venezuela will continue oil exports to US: Chavez


September 1st, 2009 - 7:28 am ICT by IANS
Lima, Sep 1 (EFE) Venezuelan President Hugo Chavez said that Caracas will continue exporting oil to the United States because it is in the interest of his country. Chavez said in a statement ... Read more...

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Venezuela announces arms deal with Russia


July 22nd, 2008 - 10:47 pm ICT by IANS
DPA Moscow, July 22 (DPA) Venezuela President Hugo Chavez announced new arms purchases from Russia and agreed on an energy partnership with Russian President Dmitry Medvedev Tuesday. "We want peace, but we have ... Read more...

Posted in World |

China, Korea shows interest in Ecuador’s joint refinery project: Correa


June 2nd, 2008 - 7:09 pm ICT by IANS
Quito, June 2 (IANS) Ecuador's President Rafael Correa has said China and South Korea have expressed interest in investing in a joint petrochemical project undertaken by Ecuador and Venezuela, Spain's EFE news ... Read more...

Posted in Business |

Venezuela expects to double its gas output by 2012


June 2nd, 2008 - 11:09 am ICT by admin
Caracas, June 2 (IANS) Venezuela expects to double its current gas production to some 11.5 billion cubic feet by 2012, according to a top official at state-owned oil company, EFE news agency ... Read more...

Posted in Business |

Cuba to start oil exploration in Gulf of Mexico


April 17th, 2008 - 5:38 pm ICT by admin
Havana, April 17 (IANS) Spurred by experts' reports that Cuba is sitting on oil, the government has decided to start drilling in the Gulf of Mexico next year, Spain's EFE news agency ... Read more...

Posted in World |

India, Venezuela sign a landmark oil sector cooperation agreement


April 9th, 2008 - 3:39 pm ICT by admin
New Delhi, Apr 9 (ANI): India's ONGC Videsh Limited (OVL) has entered into a major partnership with Venezuela's Petroleos De Venezuela S.A. (PDVSA) for jointly developing the San Cristobal oil field. ... Read more...

Posted in National |

India to invest $400 mn in Venezuela oil project


April 9th, 2008 - 12:21 pm ICT by admin
Caracas, April 9 (IANS) India will invest about $400 million in Venezuela over the next five years following an accord signed here Tuesday for the joint exploitation of an oil and natural ... Read more...

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Chinese, Venezuelan oil majors start joint venture


April 6th, 2008 - 7:54 pm ICT by admin
Prensa Latina Caracas, April 6 (Prensa Latina) China and Venezuela have agreed to set up a joint venture in oil exploration in the South American country. According to a statement Saturday by state-run ... Read more...

Posted in World |

ONGC Videsh to take over Venezuelan oil block


April 5th, 2008 - 11:08 pm ICT by admin
Mumbai, April 5 (IANS) An Indian team led by Petroleum and Natural Gas Minister Murli Deora will leave Sunday for Venezuela to complete the acquisition of oil fields worth around $450 million. ... Read more...

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Chavez blames Iraq invasion for soaring oil prices


March 28th, 2008 - 1:29 pm ICT by admin
Xinhua Rio de Janeiro, March 28 (Xinhua) Venezuelan President Hugo Chavez has said that the US invasion of Iraq is partly to blame for the rising oil prices. Oil producing countries are not ... Read more...

Posted in World |

Cabinet approves ONGC Videsh investments in Venezuela, Qatar


March 3rd, 2008 - 10:08 pm ICT by admin
New Delhi, Mar 3 (ANI): The Union Cabinet today gave its approval to ONGC Videsh Limited (OVL)S investments in Venezuela and Qatar.The Cabinet gave its nod to the following proposals on the ... Read more...

Posted in National |

Venezuela doesn’t plan to halt sending oil to US: Chavez


February 18th, 2008 - 2:00 pm ICT by admin
Caracas, Feb 18 (IANS) President Hugo Chavez has said his country has no plans to halt oil exports to the US as long as the latter doesn't launch an attack on Venezuela. ... Read more...

Posted in Business |

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