Venezuela | Egypt Oil & Gas - Part 6
Algeria to Supply Crude to Cuba
Algeria is sending crude oil to Cuba for the first time to help offset lower supplies from the island’s closest ally, Venezuela. Algeria’s state-owned Sonatrach plans to ship about 515,00 barrels of crude ...
Russia to Invest $20b in Venezuelan Oil
Russian energy giant Rosneft’s CEO, Igor Sechin, met with the President of Petroleos de Venezuela, S.A. (PDVSA), Eulogio Del Pinothe, and the leadership of the country to discuss four cooperation agreements wort... Venezuela Seeks to Revive OPEC Freeze Talks
Venezuela’s Oil Minister, Eulogio del Pino, has spoken to the Organizations of the Petroleum Exporting Countries (OPEC) Secretary-General, Mohammed Barkindo, ahead of a meeting between OPEC and non-OPEC producer... 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...
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, reported R...
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, c... 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, Felipe Oddone, communications director for Paraguayan President, Hora... 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, according to top offici...
