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Petroleos de Venezuela (PDVSA)

Edificio Petróleos de Venezuela
Av. Libertador La Campiña, torre Este
Distrito Federal

Telephone : 58-212-7081111
Email :
Web :

Article archive for Petroleos de Venezuela (PDVSA);

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Venezuela loses US refinery stake to ConocoPhillips after court ruling 24 September 2015

A US Federal Court has upheld an International Chamber of Commerce (ICC) arbitration allowing US oil giant ConocoPhillips to take Venezuelan state oil company PDVSA’s 50% stake in a delayed coking unit at the Sweeny refinery in Old Ocean, Texas. The 70,000 barrel-per-day coking unit was originally owned by a joint venture between PDVSA and Phillips. ...

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Spill from Venezuelan oil plant pollutes river 01 April 2015

Reports from local sources in mid-March say a significant leak from state-owned oil giant PDVSA’s Jusepín complex has polluted the Guarapiche River in northeastern Venezuela.In February 2012 some 80,000 barrels‘ worth of oil spilled into the river within 20 hours. At the time, it was the worst oil slick Venezuela had seen in 74 years....

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Explosion at PDVSA refinery on Curacao injures two 07 November 2014

An explosion at a gas plant of Curacao's 335,000 barrel per day (bpd) Isla refinery on November 5 injured two people, according to workers at the facility quoted by Reuters. The Venezuelan state oil company PDVSA, which operates the refinery on the former Dutch Caribbean island, would not comment on the issue....

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Venezuela says it will pay under $1 bn to Exxon over 2007 nationalisation 16 October 2014

On October 9 the World Bank’s ICSID tribunal awarded Exxon Mobil $1.6 billion compensation for its nationalised assets in Venezuela. The case relates to the 2007 takeover of a large heavy crude project in the Orinoco region by then president Hugo Chavez's government....

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Venezuelan Government insists power cuts and infrastructure failures caused by “sabotage” 05 December 2013

On the night of December 2, a large-scale power outage plunged large parts of Venezuela into darkness. Power was cut in Caracas and other cities around the country in the evening for several hours, which affected both residents and commuters. The outage was similar to the massive blackout on September 5, one of the worst in the country’s history....

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Venezuela President says 2012 refinery blast was sabotage 28 August 2013

President Nicolas Maduro of Venezuela has said that the Amuay refinery disaster on 25 August 2012, which killed 42 and injured dozens more, was caused by sabotage carried out by political opponents. A serious of explosions and subsequent fire destroyed part of the refinery, as well as adjacent homes and businesses, and resulted in damage worth more than $2 billion....

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Venezuela's Amuay oil refinery affected by explosion 04 July 2013

A small explosion and fire hit the flexicoker unit of Venezuela's 645,000 barrel per day Amuay refinery on June 3, but no one was hurt and firemen brought the blaze under control. Reuters reports the oil workers union at the huge facility saying the flexicoker unit had been stopped a day earlier due to a fault....

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Argentina plans oil exploration off Falkland Islands 21 December 2012

According to a report in the Daily Telegraph, the nationalised Argentinean oil company YPF, formerly owned by Spain's Repsol, is teaming up with Venezuelan oil giant PDVSA to explore the continental shelf around the Falkland Islands for oil....

The explosive consequences of South American populism 23 November 2012

Resource-rich South America should be reaping the full benefits of the high demand for hydrocarbons around the globe. That several countries in the region are not is due to a number of reasons, amongst the most important of which are politicians wedded to populism and nationalism....

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Chávez victory could further compromise Venezuelan oil and gas sector 01 November 2012

Hugo Chávez won a third term as President of Venezuela on October 7, sealing his oil-rich country's economic destiny at least until 2019....