Venezuela | Egypt Oil & Gas - Part 5
Venezuela Discusses Grace Period with China
Venezuela is currently in negotiations with China to earn a grace period in its oil-for-loans deal that is expected to improve the whole OPEC nation’s capacity to make bond payments amid an economic crisis
Venezuela’s Orinoco Oil Belt Increased Oil Production
The Venezuelan Minister of Petroleum and Mining, Eulogio del Pino, has declared that the daily production of crude oil from Orinoco Oil Belt has increased from 20,000 to 30,000 b/d, thus benefiting the whole region. Venezuela’s PDVSA Gives Paraguay Deadline to Repay Debt
Venezuela's state oil company, PDVSA, has given Paraguay a 10-day deadline to pay a $287m debt for crudes sales dating back to 2009. However, the country would, for now, only be able to pay 50% of the debt. Venezuela, China Reach Better Oil-for-Loans Deal
Venezuela's crisis-hit economy has been given room to breathe as the oil-exporting country reaches a deal with its main financier China to improve the conditions of an oil-for-loans deal.
Aruba to Reopen Oil Refinery
The Aruban government and Venezuela’s Citgo Petroleum Corp. are finalizing an agreement to reopen an oil refinery that has been shuttered since 2009.
Halliburton Joins Schlumberger in Cutting Venezuelan Activity
Halliburton, the world’s second-largest oil services provider, has joined rival Schlumberger in curbing activity in Venezuela due to lack of payment during the oil industry’s worst financial crisis.
Schlumberger Reduces Operations in Venezuela
Schlumberger, the world's leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry, will reduce activity in Venezuela after failing to c ...
Venezuela Launches Largest Oil Tenders Ever
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.
