Venezuela Launches Largest Oil Tenders Ever

• Sunday, 13th March 2016
• by Egypt Oil & Gas

Venezuela's state-run oil company PDVSA has launched one of its largest oil tenders ever, seeking to buy some 8m barrels of US or Nigerian light crude for delivery from April through June.

Venezuela Faces $5.2b in Debt Repayment in 2016

• Monday, 29th February 2016
• by Egypt Oil & Gas

Venezuela's state-run firm PDVSA faces around $5.2b in payments to bondholders in 2016, a sum that some experts say it will be hard-pressed to meet after the government used nearly all of its available cash reserves ...

Russia, Venezuela Develop Three New Offshore Gas Fields

• Monday, 22nd February 2016
• by Egypt Oil & Gas

Russia's top oil producer Rosneft and Venezuela's state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas. Rosneft also plans to invest $500m to raise its stake in its Petromonaga ...

PdVSA Confirms $2B Credit Line Plan with Chevron

• Thursday, 8th March 2012
• by Egypt Oil & Gas

Venezuelan state oil monopoly Petroleos de Venezuela, or PdVSA, is in the finishing stages of preparing a $2 billion credit line deal with U.S. oil major Chevron Corp. which will be used to raise output at one of the ...