(S&P Global, 29.Jun.2021) — In the second half of the year, Venezuela’s state-owned PDVSA will restart the drilling of oil wells while intensifying work to open 3,700 shuttered wells and […]
Tag: Sinovensa
PetroPiar and Sinovensa restart blending activities
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 8.Oct.2020, Words: 81) — Venezuela’s state oil company Petroleos de Venezuela (PDVSA) has reportedly restarted the PetroPiar and Sinovensa blending units, according to […]
PDVSA, Partners Produce 500,000 b/d Of Orinoco Crude
(S&P Global Platts, 17.Dec.2019) — Production levels by Venezuelan state-owned PDVSA and its international partners in the Orinoco Belt rose to 500,000 b/d, or 38.5% of its 1.3 million b/d […]
Venezuela Oil Output Rises
(Reuters, 10.Dec.2019) — Venezuela’s crude output in November jumped more than 20% from the prior month to the highest level since the United States tightened sanctions on state oil company […]
PdV-CNPC JV Managers Arrested
(Argus, 7.Oct.2019) — Senior managers of Venezuelan state-owned PdV’s heavy crude-blending joint venture with Chinese state-owned CNPC were arrested late last week, days after the blending plant halted operations. PetroSinovensa […]
Venezuela Oil Exports Slid 17.5% In July-Data
(Reuters, Marianna Parraga, 1.Aug.2019) — Venezuela’s oil exports fell 17.5% in July to their second-lowest level since Washington imposed sanctions on the nation as state-run PDVSA finds fewer customers to […]
Venezuela Doubles Down on Chinese Money to Reverse Crisis
(AP, 20.Sep.2018) — Venezuelan President Nicolas Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian […]
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) – Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according to an internal PdV upstream […]
Journalist round table with PDVSA head Rafael Ramirez about the Faja, FONDEN, and more
CARACAS, VENEZUELA (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2013, Words: 1999) – PDVSA President Rafael Ramirez held a small round table with journalist in Caracas, Venezuela. What follows are […]
Sinovensa Signs $4 Bln Financing Agreement
(Energy Analytics Institute, Ian Silverman, 12.Jul.2013) – Sinovensa President Erwin Hernandez and China’s Development Bank Vice President Wang Yongshen signed a financing agreement in Beijing for $4 million for the […]