Saudi and Venezuela Work Together to Recover Falling Oil Prices

• Monday, 12th January 2015
• by Egypt Oil & Gas

Venezuela and Saudi Arabia are coordinating joint action to recover oil prices, which fell 50% last year, and stabilise global oil markets, Venezuelan Minister of Economy and Finance and Public Banks Rodolfo Marco Tor...

Iran and Venezuela Join Forces to Stabilize Falling Oil Prices

• Sunday, 11th January 2015
• by Egypt Oil & Gas

Iran and Venezuela vowed Saturday to work together to stabilize falling global oil prices as Iran’s supreme leader accused “enemies” of using crude prices as a political weapon. With President Nicolás Maduro of Venezu...

Venezuelan leader Maduro seeks economic help on tour

• Monday, 5th January 2015
• by Egypt Oil & Gas

Venezuelan President Nicolas Maduro is beginning an international tour to try to stem the impact of falling oil prices and a deepening recession. Mr Maduro goes first to China – a major source of loans for Venez...

Blast at Venezuela oil refinery kills 39

• Sunday, 26th August 2012
• by Egypt Oil & Gas

An explosion rocked the Amuay oil refinery in northwestern Venezuela, killing 39 people, including a 10-year-old boy, a Venezuelan official said Saturday. More than 80 people were injured, Vice President Elias Jaua to...

Exxon Mobil: $908 M awarded in Venezuela dispute

• Tuesday, 3rd January 2012
• by Egypt Oil & Gas

An international arbitration body has awarded Exxon Mobil Corp. nearly $908 million in a dispute with Venezuela over compensation for the nationalization of its assets, the company said Sunday. Exxon Mobil sought arbi...

Venezuela, South Africa Explore Orinoco Oil Deals

• Wednesday, 3rd September 2008
• by Egypt Oil & Gas

Venezuela’s President Hugo Chavez met with his South African counterpart Thabo Mbeki Tuesday in a meeting where both leaders vowed to explore joint oil projects in the Orinoco basin. The conversations between bo...