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Petróleos de Venezuela SA (PDVSA)

About

Petróleos de Venezuela SA (PDVSA) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.

Headquarters Address

Caracas ,
Venezuela

Transactions

Report Date Amount (MM) Description
2015-11-03 $322.00

PBF Subsidiary Closes Chalmette Refinery Acquisition

PBF Subsidiary Closes Chalmette Refinery Acquisition

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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Locked Data

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New Financings

Report Date Type Amount (MM) Description
2008-01-07 Petróleos de Venezuela SA (PDVSA) - 2008-01-07 Buyback $465.80

Redeemed all 7.33% bonds due 2009, 7.9% bonds due 2020 and 8.03% bonds due 2028 issued by Cerro Negro…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

PDVSA Contributed $6.2B to Government Coffers in 2023

Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.

Ecoanalítica: Venezuelan Oil Production, Economy to Grow in 2024

Venezuelan consultancy Ecoanalítica expects the OPEC country’s oil production and economy to grow in 2024—aided primarily by a recent license granted to the benefit of oil and gas companies by the U.S. government.

Venezuelan Lawmakers Back Extension for PDVSA, Chevron Tie-ups

Venezuela's national assembly approved a 15-year extension for a pair of joint ventures between state-owned oil company PDVSA and U.S. major Chevron.

Venezuela's PDVSA, Chevron Request 15-year Extension for Two Joint Ventures

More investment is needed for PDVSA and Chevron to reach production levels seen before oil sanctions were first imposed in 2019.

Global Energy Watch: Chevron and the US’ Geopolitical Chess Match with Venezuela

To allow Chevron Corp. to recoup outstanding debts in Venezuela, Washington has had to make two risky board moves in a geopolitical chess match with the South American country. 

US Eases Oil Sanctions on Venezuela for Six Months

The U.S. Office of Foreign Assets Control (OFAC) issued a license that authorizes some transactions by Venezuela’s oil and gas industry for a limited time, but a meaningful production ramp up would require massive investments over multiple years, analysts say.

ConocoPhillips and Others Eye Citgo Auction [WATCH]

Venezuela’s U.S.-based refining arm Citgo Petroleum is a step closer to reaching a theatrical climax as a court ordered sale date quickly approaches.

Citgo Drama Continues as Court-ordered Sale Date Nears

The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches.

Chart Talk: Venezuela’s Subsidized Fuels Range from Free to Cheap

In OPEC-member Venezuela, fuels are subsidized or unsubsidized while prices range from free to cheap at $0.02/gallon on the low end. But drivers still leave a tip: beans and rice.

Venezuela’s Burning Through Gas and Cash

Home to the world’s seventh-largest natural gas reserves, the OPEC member has a massive flaring problem which, if resolved, could allow it to monetize its onshore associated gas production.

‘Efecto Chevron’ Jump Starts Venezuela, but Production to Decline

More oil industry changes are still needed before Venezuela, which is producing less than 800,000 bbl/d, will be able to just break the 1 MMbbl/d barrier, the country’s top economic consultancy says.

Venezuela Must Advance Renewable Developments, Official Says

OPEC member Venezuela has benefited economically over the last century, mainly from producing oil, but as the race to net zero emissions picks up speed, the Caribbean country must now advance natural gas-related and renewable developments such as wind, solar and bioenergy.

Venezuela Flares More Gas than Freeport LNG Exports

OPEC’s Venezuela continues to flare over half its natural gas production and burn off more than the output from Houston-based Freeport LNG’s three-train, 15-mtpa export facility, which is about 2.2 Bcf/d, and then some.

US OFAC Extends Citgo Protection Until Oct. 2023

The U.S. Office of Foreign Assets Control extended protection to Citgo Petroleum from creditors until the end of October 2023.

Barred Machado Eyes Venezuela Energy Sector Privatization, Debt Restructuring

Venezuela’s leading opposition candidate María Corina Machado plans to privatize the upstream and downstream sectors and restructure the Caribbean country’s debt if elected president in 2024. Her main obstacle: she’s barred from holding public office.