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The Latest Breaking News from PDVSA

U.S. Increases Reward For Venezuela's Maduro to $25 Million As It Condemns 'Repression and Illegitimate Claim to Power'

The news were announced after the Venezuelan strongman was sworn into office for a new term despite not presenting supporting documentation

Latin Times

Former Miami-Dade Congressman Charged For a Second Time For Not Registering As a Venezuelan Agent

David Rivera now stands accused of trying to lobby a Trump administration official to get a wealthy Venezuelan businessman off the federal government sanctions list

Latin Times

Crisis Ridden Venezuela Rocked by Massive Explosion at Natural Gas Complex

Last month, an oil storage tank explosion in the country's biggest oil producing state left at least 18 people with minor injuries

Latin Times

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U.S. Indicts Venezuelan Media Mogul for Alleged Laundering of $1.2B Tied to State Oil Funds

Raúl Gorrín allegedly stole from Venezuela's government to invest in Europe and the United States, including buying luxury real estate in South Florida

Latin Times

Venezuelan Media Tycoon Charged In Money Laundering Conspiracy

Venezuelan media tycoon Raul Gorrin charged in money laundering conspiracy involving over Venezuelan Media Tycoon Charged In Money Laundering Conspiracy billion from PDVSA. Case exposes corruption amidst Venezuela's...

Top News

Oil-tainted Lake A Symptom, And Symbol, Of Venezuela's Collapse

A putrid smell hangs over the black-stained shores of Lake Maracaibo in Venezuela, where an oil slick is emblematic of the steep decline in the country's once-enviable petroleum industry.

International Business Times

Venezuela turns to dark fleet to supply oil to ally Cuba

The vessels disguise their signals, appearing to be elsewhere in the Caribbean.

Latin Times

China calls on U.S. to "stop interfering in the internal affairs of Venezuela"

The country's Foreign Ministry Spokesperson also called on the U.S. to "lift all unlawful unilateral sanctions on Venezuela"

Latin Times

What is an F1 pay driver? All to know about the controversial tag

Motorsport is one of the most expensive industries in the world as Red Bull paid a staggering $7,445,817 to enter the 2024 F1 season. But costs are also high at a national level with teams paying up to £29,000 for a space on the British GT grid. So it is…

Autosport

Oil: 'Mother Of Corruption' In Venezuela

Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years, experts say.

International Business Times

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Latin Times

Texas billionaire announces deal with Venezuelan state-run company after U.S. sanctions reimposed

LNG Energy Group was awarded contracts to rehabilitate five aging oil fields

Latin Times

Tether to freeze accounts following reports of Venezuelan oil company using USDT to evade sanctions

Nicolás Maduro failed in his attempt to have his own cryptocurrency to "overcome the financial blockade"

International Business Times

Venezuela's State Oil Company To Push Crypto Adoption Amid US Sanctions: Report

Venezuela's PDVSA is reportedly planning to speed up crypto adoption in oil transactions after the U.S. Treasury announced it will reimpose sanctions on the country's vast oil sector.

Al Jazeera

US reimposes oil sanctions against Venezuela over election concerns

Move in US election year could push up oil prices, but Washington says Maduro has not made promised electoral reforms.

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news in one place.

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Latin Times

Venezuela scrambles to give assets it seized from ConocoPhilips to a local company

Venezuelan firm A&B Investments is set to partner with state-run PDVSA to run fields in the Orinoco Belt before U.S. sanctions go back in place

International Business Times

Venezuela Arrests Ex-oil Minister El Aissami In Graft Probe

Venezuelan authorities announced the arrest Tuesday of influential ex-oil minister Tareck El Aissami, who had resigned from his post last year amid a corruption scandal at state oil company PDVSA. "We have managed to reveal the direct participation and consequent arrest" of El Aissami, Attorney General Tarek William Saab said,…

International Business Times

Chavez Legacy Looms Large, And Divides Venezuela, 25 Years On

"Chavez lives, damn it!" At 16:25 every day a soldier shouts out: "Chavez lives, damn it!"

Latin Times

Who Is Seeking to Invest in Venezuelan Oil Amid Easing of U.S. Sanctions?

The easing of sanctions in Venezuela has renewed interest in Venezuela

International Business Times

Will Sanctions Easing Reboot Venezuela's Oil Industry?

On paper, the easing of US oil sanctions against Venezuela should allow its battered economy to once again profit from a resource it has more of than any country in the world.

Latin Times

President Maduro Expects 8% Economic Growth In 2024 After 5% Increase Last Year

Maduro assured that the inflation will be two digits this year, adding that state oil company PDVSA contributed $6.23 billion to Vanezuela's coffers in 2023.

The Guardian - UK

Guyana, Venezuela, 11bn barrels of oil – and six centuries of colonial conflict

Maduro’s annexation threat is only the latest move on a chessboard stretching back to the 15th century. The outcome could reverberate throughout Latin America and the Caribbean

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