Recent Highlights
All Stories for Pdvsa
Reliance Industries halts oil exports to Venezuela, will not resume sales until US sanctions are lifted
• 6 years agoIn 2012 Reliance, Venezuela’s key oil client, signed a 15-year deal to buy between 300,000-400,000 barrels per day of heavy oil from PDVSA
Crude oil rises to $67 on Saudi Arabia's plan for additional output curbs in April, Venezuelan export cut
• 6 years agoCrude rallied this year after the OPEC and its allies including Russia, a group known as OPEC+, returned to supply cuts as of 1 January.
Venezuela turns to India for oil exports as US sanctions bite; analysts say finding customers in Asia may be a tough task
• 6 years agoVenezuela has sent its oil minister, Manuel Quevedo, to India to convince refiners, including Reliance Industries Ltd and Nayara Energy Ltd, to double their oil purchases.
Crude oil prices rise on deepening OPEC supply cuts, sanctions on Venezuela; analysts say demand weakens
• 6 years agoUS West Texas Intermediate (WTI) crude oil futures were at $53.66 per barrel, up 56 cents, or 1.1 percent, from their last close.
US sanctions: Venezuela open to barter trade with India to boost oil sales; terms American action as financial persecution
• 6 years agoVenezuela buys a slew of products including medicines from India, and it is looking for alternative payment mechanisms after application of the latest stringent US sanctions.
Crude oil prices fall on rising US rig count, Illinois refinery outage; OPEC, allies to meet in Vienna on output cut deal
• 6 years agoInternational Brent crude oil futures were down 27 cents, or 0.4 percent, at $61.83 a barrel.
Cash-strapped Venezuela stops payments of oil dues to ONGC Videsh, leading to $450 million pile-up
• 7 years agoOVL, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has 40 percent stake in Venezuela's San Cristobal field
Venezuela to create digital currency 'Petro' to combat financial blockade by US, says President Nicolas Maduro
• 7 years agoVenezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro has announced.
RIL signs pact with Venezuela for heavy oil project
Fp Archives • 12 years agoRIL and PdVSA also plan to work together on studies of how to update and improve Venezuela's refinery network.
OVL: Want RIL to divert Venezuela payment to recover dues
Fb_admin • 10 years agoONGC Videsh Ltd wants to dip into payments Reliance Industries makes for importing crude oil from Venezuela to recover $421 million (about Rs 2,610 crore) that the Latin American nation owes to it.