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The Latest Breaking News from PDVSA

Trinidad offers to pay for Venezuelan gas with humanitarian supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

Reuters

Venezuela owes over $20 million to law firms on guarding overseas assets

Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more than 15 years ago, according to a document seen by Reuters.

Reuters

Venezuelan president names new head of PDVSA, foreign minister

Venezuelan President Nicolas Maduro on Friday named the new head of state oil company PDVSA as Pedro Rafael Tellechea and said Yvan Gil Pinto would become the country's new foreign minister.

Reuters

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Fire halts Venezuela's Petromonagas coking plant -sources

A fire halted operations on Wednesday at a coking plant of Petromonagas, a joint venture of the state oil companies of Venezuela and Russia, four sources told Reuters, adding that no one was injured.

Reuters

Venezuela opposition vote to remove Guaido's interim government

Venezuela's political opposition to the ruling Socialists voted on Thursday by a wide margin to remove the interim government led by Juan Guaido, as they seek a united front ahead of presidential elections tentatively scheduled for 2024.

Reuters

Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Reuters

Ex-U.S. lawmaker arrested for conspiring to act as agent of Venezuela

Former U.S. lawmaker David Rivera was arrested on Monday on charges of conspiring to launder money and to illegally act as an agent of the Venezuelan government, according to a U.S. official and an indictment.

Reuters

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U.S. gives Chevron go ahead to pump oil in Venezuela again

The license signals an opening for other oil companies to resume their business in Venezuela.

Axios

Biden eases Venezuela sanctions as opposition talks resume

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

The Independent UK

Venezuelan photographer Fabiola Ferrero wins Carmignac Photojournalism Award

Venezuelan photographer, Fabiola Ferrero, won the 12th Carmignac Photojournalism Award for her series Venezuela, The Wells Run Dry, documenting the disappearance of the Venezuelan middle class following the collapse of the oil industry.

Radio France Internationale

Venezuela's PDVSA controls fire at small refinery, restarts other plants from outage

A fire caused by a thunderstorm at Venezuela's smallest refinery has been brought under control, a Venezuelan minister said, as the country's largest refining facilities restart following a power outage last week, according to sources.

Reuters

Cash is king for sanctioned Russian, Venezuelan oligarchs

Politically connected billionaires from Russia and Venezuela are at the center of a 49-page criminal indictment that reads like a how-to guide on circumventing U.S. sanctions

The Independent UK

Exclusive-Venezuela's opposition seeks U.S. consultations on Chevron license

Venezuelan opposition leader Juan Guaido asked the United States for details of Chevron Corp's expanded license request to operate in the South American country, according to a letter sent to a senior U.S. official on Monday that also asked to be consulted before any U.S. decisions.

Reuters

Venezuela to seek extradition of former minister in corruption case

Venezuela will seek the extradition of a former top energy official and launched fresh legal action against a former oil minister, who it is also trying to extradite from Europe, the state attorney-general's office said on Friday.

Reuters

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The Independent UK

Venezuela government again accuses ex-oil czar of wrongdoing

The Venezuelan government is again accusing its former oil czar of wrongdoing while he oversaw the country’s most important industry

Reuters

Restoring Chevron operations in Venezuela depends on U.S. -minister

Progress in relaunching oil major Chevron Corp's operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday.

The Independent UK

US officials back in Venezuela in a bid to rebuild ties

Senior Biden administration officials have quietly traveled to Caracas in the latest bid to rebuild relations with the South American oil giant as the war in Ukraine drags on, driving higher gas prices and forcing the U.S. to recalibrate other foreign policy objectives

Miami Herald

Former top Venezuelan oil ministry lawyer gets 4 years in Miami money laundering case

MIAMI — A former top lawyer of Venezuela’s oil ministry who played a central role in a $1.2 billion money-laundering scheme fueled by government corruption was sentenced to more than four years in prison by a Miami federal judge Thursday — punishment that was less than half of what prosecutors…

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The Independent UK

US to ease a few economic sanctions against Venezuela

The United States government is moving to ease a few economic sanctions on Venezuela in a gesture meant to encourage resumed negotiations between the U.S.-backed opposition and the government of President Nicolás Maduro

Reuters

Old gas canisters fuel deadly blasts in Venezuela homes

Venezuelan housewife Leoana Maricuto was cooking in the kitchen with her husband and their 3-year-old son last week when a gas canister exploded, engulfing her in flames.

Miami Herald

Ex-Fla. Congressman David Rivera diverted $13 million from Venezuelan deal to convicted drug trafficker, others

MIAMI — As Venezuela’s economy was crashing in 2017, the country’s state-owned oil company hired former U.S. Rep. David Rivera for a costly public relations campaign to improve the tarnished image of the Venezuelan firm in the United States.

The Independent UK

Possible Russia oil embargo drives US outreach to Venezuela

Senior U.S. officials secretly traveled to Venezuela over the weekend in a risky bid to unfreeze hostile relations with Vladimir Putin’s top ally in Latin America, a top oil exporter whose re-entry into U.S. energy markets could mitigate the fallout at the pump from a possible oil embargo on Russia

The Guardian - UK

Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

Massive leak reveals Swiss bank’s accounts have been used by an array of high-risk clients over several decades

Miami Herald

With help from Iran, Venezuela doubles oil production despite US sanctions

Venezuela has doubled its oil production in recent months thanks to Iran and other players that are helping it evade U.S. sanctions, but the country’s industry is now running near the top of its capacity and it is unlikely it could go much higher than current output levels, according to…

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