PdV Refinery Suspends Petrol Production

(Argus, 12.Mar.2021) — Venezuelan state-owned PdV suspended gasoline production at its 305,000 b/d Cardon refinery this week as a result of more equipment breakdowns. Cardon […]

Venezuela’s Stations Offer Fuel, Liquor

(Bloomberg, 11.Mar.2021) — Welcome to Venezuela’s new gasoline stations: They boast digital fuel pumps and high-end, imported liquor. They’re plastered in fresh coats of bright […]

Citgo Proposes Senior Secured Notes Offering

(Citgo, 3.Feb.2021) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, $650mn […]

Judge Approves Citgo Parent Share Sale

(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process […]

Venezuela Briefs: Halliburton Layoffs

(Energy Analytics Institute, 31.Dec.2020) — Briefs from Venezuela related to Halliburton layoffs and the year end message from Petróleos de Venezuela (PDVSA) President Asdrúbal Chávez. […]

Carlos Vecchio Says Guaidó Govt Saved Citgo

(Energy Analytics Institute, 29.Dec.2020) — Houston-based refiner Citgo Petroleum, owned by Venezuela’s state oil and gas company Petróleos de Venezuela (PDVSA), continues to benefit from […]

Biden To Seek Talks With Maduro Regime

(Bloomberg, 18.Dec.2020) — President-elect Joe Biden’s advisers are preparing to negotiate with Nicolas Maduro’s regime in Venezuela in an effort to end the Western Hemisphere’s […]

Venezuela Disrupts Plan To Attack Refinery

(Reuters, 11.Dec.2020) — Venezuela’s Oil Minister Tareck El Aissami said on Friday that authorities had disrupted a plan to attack Venezuela’s 146,000-barrel-per-day (bpd) El Palito […]

Venezuela’s New Assembly To Battle Sanctions

(Argus, 7.Dec.2020) — Venezuela’s National Assembly elections yesterday thrust the Opec country’s last democratic institution under the thumb of President Nicolas Maduro, who has defied […]

Heard Venezuela: Iranian Asset Takeovers

(Energy Analytics Institute, 5.Dec.2020) — Rumors are that Iranian businesspersons and their companies are in the process of taking over operations at Venezuela’s six refineries […]

Dems Statement Ahead Of Elections In Venezuela

(US Senate, 4.Dec.2020) — US Senate Foreign Relations Committee Ranking Member Bob Menendez (D-N.J.) and Senate Democratic Whip Dick Durbin (D-Ill.) issued the following statement […]

Venezuela Producing Around 450,000 b/d

(Energy Analytics Institute, 1.Dec.2020) — Venezuela is said to be producing around 450,000 barrels per day and exporting more with the assistance of Chinese and […]

Venezuela Crude Production, Exports Recover

(Argus, 1.Dec.2020) — Venezuelan state-owned PdV’s crude production and exports have recovered in recent weeks as China resumed direct loadings and a tanker deficit the […]

Heard Venezuela: Oil Sales To Chevron

(Energy Analytics Institute, 24.Nov.2020) — Heard on the street in Venezuela related to the sale of Venezuelan oil to US based company Chevron Corporation. OFAC […]

Venezuelan Union Leader Girot Detained

(Reuters, 19.Nov.2020) — Venezuelan authorities arrested oil workers’ union leader Eudis Girot, other union officials said on Thursday, as the government’s crackdown on dissent at […]

Venezuela Supports Three Month Opec Extension

(Energy Analytics Institute, 17.Nov.2020) — Opec producer Venezuela continues to support a three month extension of production levels of 7.7 million barrels per day. “Venezuela […]

Citgo Reports Third Quarter 2020 Results

(Citgo, 13.Nov.2020) — Citgo Petroleum Corporation’s third quarter results were driven by the economic effects of the Covid-19 pandemic, which affected the refining industry as […]