United States

Mircely Guanipa

Venezuela congress allows parallel PDVSA board to negotiate foreign debt

Apr 09 2019

CARACAS/PUNTO FIJO, Venezuela Venezuela's opposition-controlled National Assembly on Tuesday allowed a parallel board of directors of state-run oil company PDVSA to negotiate foreign debt ahead of a looming payment deadline that could put its crown jewel overseas asset, U.S. refiner Citgo, at risk.

Exclusive: Venezuela's PDVSA braces for low output from crucial crude upgraders

Apr 04 2019

PUNTO FIJO/CARACAS Venezuelan state-owned oil company PDVSA expects its crucial crude upgraders to operate well below capacity this month, according to industry sources and documents seen by Reuters, as U.S. sanctions and energy blackouts hit the OPEC nation's oil industry.

Venezuela's Jose oil export terminal restarts after blackout: sources, data

Mar 29 2019

CARACAS/PUNTO FIJO, Venezuela Venezuela's main oil export terminal of Jose has restarted operations after a blackout earlier this week paralyzed crude shipments, the lifeblood of the OPEC nation's economy, according to three sources and Refinitiv Eikon data.

Activity halted at Venezuela's oil port, upgraders after blackout: sources

Mar 26 2019

PUNTO FIJO, Venezuela Venezuela's main oil export port of Jose and four crude upgraders have been unable to resume operations following a power blackout on Monday, according to industry workers and a union leader close to the facilities.

Oil storage tanks explode in Venezuela, while main terminal resumes shipments

Mar 13 2019

CARACAS/PUNTO FIJO, Venezuela Two storage tanks exploded at a heavy-crude upgrading project in eastern Venezuela on Wednesday, according to an oil industry source and a legislator, while the country's main oil terminal resumed shipments after a prolonged blackout.

UPDATE 2-Storage tanks explode at Venezuela heavy oil project -sources

Mar 13 2019

March 13 Two storage tanks have exploded at the Petro San Felix heavy-crude upgrading project in eastern Venezuela, according to an oil industry source and a legislator.

Venezuela blackout halts most oil exports, hits crude upgrading: sources

Mar 11 2019

CARACAS/PUNTO FIJO, Venezuela Venezuelan state-run oil firm PDVSA has been unable to resume crude exports at its primary port since last week's blackout, according to people familiar with the matter, indicating that the country's massive power outage is crippling the OPEC nation's principal industry.

Venezuela's PDVSA says still working with German shipping firm

Mar 07 2019

PUNTO FIJO, Venezuela Venezuela's state-run oil company PDVSA said on Thursday it has not halted business with maritime contractor Bernhard Schulte Shipmanagement (BSM), after the German firm notified it would remove crews operating 10 of 15 PDVSA vessels over unpaid fees and return the tankers.

Venezuela shuts border with Caribbean islands ahead of aid efforts

Feb 19 2019

PUNTO FIJO, Venezuela Venezuela on Tuesday shut the maritime border with nearby Dutch Caribbean islands ahead of an opposition effort to bring in humanitarian aid from foreign territories including neighboring Curacao despite the protests of President Nicolas Maduro.

Trading houses hit speed bumps in reselling Venezuelan oil: sources

Feb 07 2019

Trading houses that resell Venezuelan crude oil have not yet found workarounds since the United States announced sanctions to cut off socialist President Nicolas Maduro's revenue, according to shipping data and sources.

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