Venezuela’s PDVSA to Securitize Oil Debts as Production Falls
Monday, 18th July 2016
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 into financial instruments.
Venezuela Faces $5.2b in Debt Repayment in 2016
Monday, 29th February 2016
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 to pay $1.5b in maturities recently.
Russia, Venezuela Develop Three New Offshore Gas Fields
Monday, 22nd February 2016
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 Petromonagas joint venture with PDVSA.
PdVSA Confirms $2B Credit Line Plan with Chevron
Thursday, 8th March 2012
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 companies' joint ventures in the South American country, a PdVSA spokesman confirmed Wednesday.