PdVSA | Egypt Oil & Gas

Venezuela Targets 105 Oil Contracts by End-2026

Venezuela aims to finalize 105 oil contracts by the end of 2026, with around 70% covering greenfield developments, as the country seeks to attract foreign investment into its energy sector, state-owned oil company PDV...

PDVSA Restricts Most Oil Exports for Contract Review

In a move to avoid payment defaults, the new CEO of Venezuela’s PDVSA Pedro Rafael Tellechea stopped most oil export contracts while his team reviews them according to an internal document seen by Reuters and pe...

Venezuela’s Second Largest Refinery Restarts Gasoline Production

PDVSA, the Venezuelan government-owned oil and gas firm, has resolved its technical issues and resumed gasoline production at the nation’s second-largest refinery, Reuters reported citing five sources with knowl...

Venezuelan Crude Inventories Surge as Sanctions Loom 

Crude inventories at Venezuela’s export terminal, Jose, have surpassed their highest levels since August, surging to 11.8 million barrels (mmbbl) as of October 24, more than double the 5.6 mmbbl registered a month ear...

Venezuela Cardon Refinery Halts Gasoline Production 

The catalytic cracker at Venezuela’s Cardon refinery, key to gasoline production, was halted on Friday due to equipment failure, according to Reuters.  This closure is unwelcome news for the OPEC producing nation as U...

Venezuela’s Oil Exports Rise in September

Venezuelan oil exports rose again for a consecutive month after customers began seeking to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions, according to Reuters. The US has gi...

Venezuela to Blend Crude to Recover Oil Output

Venezuela’s state-run PDVSA is set to recover a portion of the oil output lost in recent months by boosting crude blending operations at its main producing region, the Orinoco Belt, according to Reuters.  Due to US sa...

Venezuela Restarts Gasoline Production at Cardon Refinery

Venezuela’s state-run oil company, Petroleos de Venezuela, has resumed gas output at Cardon refinery in the midst of widespread fuel shortages, according to Reuters. This will come as a welcome relief after months of ...

Venezuela’s PDVSA Creates New Unit for Oil Terminals

Venezuela’s state-run oil company Petroleos de Venezuela (PDVSA) has created a new unit to run its oil terminals, according to Reuters. PDV Puertos will be responsible for the management, upkeep and administration of ...

Venezuela’s PDVSA to Securitize Oil Debts as Production Falls

According to the President of the Venezuelan state oil company PDVSA, Eulogio del Pino, who is also Venezuela’s Oil Minister, the company is currently in talks with other oil services companies to turn unpaid bills in...

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