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Reuters: Cardón Refinery halts operations after fire
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater.
The Cardón refinery, Venezuela’s second-largest, with a capacity of 310,000 barrels per day, halted operations because of a fire in one of its processing units, eight sources familiar with the matter said Tuesday.
Fires, power supply disruptions and blackouts are common at facilities operated by Petróleos de Venezuela S.A. (Pdvsa) and can affect supplies of essential fuels to the domestic market, such as gasoline and diesel.
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater, forcing the entire facility, including its boilers, to shut down, according to two of the sources.
PDVSA did not respond to a request for comment. The fire was extinguished less than an hour later, after several explosions and the evacuation of staff, the sources and local residents said. No workers were reported injured.
Cardón is part of PDVSA’s Paraguaná Refining Center—the country’s largest complex—which has a processing capacity of 955,000 barrels per day.
Videos posted on social media showed huge columns of flames and smoke billowing from the refinery. Later, photographs shared by residents showed firefighters at the facility and the flames already extinguished. The news agency could not immediately verify the contents of the videos, but other sources said they had seen flames and smoke at the refinery, Reuters reports.
#PDVSA #venezuela #petróleo #PetroleoVenezuela #refineriaCardon $CL $BZ
Reuters: Cardón Refinery halts operations after fire
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater.
The Cardón refinery, Venezuela’s second-largest, with a capacity of 310,000 barrels per day, halted operations because of a fire in one of its processing units, eight sources familiar with the matter said Tuesday.
Fires, power supply disruptions and blackouts are common at facilities operated by Petróleos de Venezuela S.A. (Pdvsa) and can affect supplies of essential fuels to the domestic market, such as gasoline and diesel.
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater, forcing the entire facility, including its boilers, to shut down, according to two of the sources.
PDVSA did not respond to a request for comment. The fire was extinguished less than an hour later, after several explosions and the evacuation of staff, the sources and local residents said. No workers were reported injured.
Cardón is part of PDVSA’s Paraguaná Refining Center—the country’s largest complex—which has a processing capacity of 955,000 barrels per day.
Videos posted on social media showed huge columns of flames and smoke billowing from the refinery. Later, photographs shared by residents showed firefighters at the facility and the flames already extinguished. The news agency could not immediately verify the contents of the videos, but other sources said they had seen flames and smoke at the refinery, Reuters reports.
#PDVSA #venezuela #petróleo #PetroleoVenezuela #refineriaCardon $CL $BZ
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater.
The Cardón refinery, Venezuela’s second-largest, with a capacity of 310,000 barrels per day, halted operations because of a fire in one of its processing units, eight sources familiar with the matter said Tuesday.
Fires, power supply disruptions and blackouts are common at facilities operated by Petróleos de Venezuela S.A. (Pdvsa) and can affect supplies of essential fuels to the domestic market, such as gasoline and diesel.
The fire started in a gas pipeline connected to the refinery’s diesel hydrotreater, forcing the entire facility, including its boilers, to shut down, according to two of the sources.
PDVSA did not respond to a request for comment. The fire was extinguished less than an hour later, after several explosions and the evacuation of staff, the sources and local residents said. No workers were reported injured.
Cardón is part of PDVSA’s Paraguaná Refining Center—the country’s largest complex—which has a processing capacity of 955,000 barrels per day.
Videos posted on social media showed huge columns of flames and smoke billowing from the refinery. Later, photographs shared by residents showed firefighters at the facility and the flames already extinguished. The news agency could not immediately verify the contents of the videos, but other sources said they had seen flames and smoke at the refinery, Reuters reports.
#PDVSA #venezuela #petróleo #PetroleoVenezuela #refineriaCardon $CL $BZ
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Eneva: "Harmonize the regulatory framework" to revitalize Venezuela's gas sectorEneva recently signed a non-binding, non-exclusive agreement with the oil services company Halliburton Co. to jointly explore opportunities in Venezuela.
The general director of the Brazilian oil company Eneva for Venezuela, Iván Betancourt, said that the company is evaluating mature fields in the Caribbean nation and added that they are seeking alliances for new projects that require greater capital investment in the Orinoco Oil Belt.
Eneva: "Harmonize the regulatory framework" to revitalize Venezuela's gas sector
Eneva recently signed a non-binding, non-exclusive agreement with the oil services company Halliburton Co. to jointly explore opportunities in Venezuela.
The general director of the Brazilian oil company Eneva for Venezuela, Iván Betancourt, said that the company is evaluating mature fields in the Caribbean nation and added that they are seeking alliances for new projects that require greater capital investment in the Orinoco Oil Belt.
The general director of the Brazilian oil company Eneva for Venezuela, Iván Betancourt, said that the company is evaluating mature fields in the Caribbean nation and added that they are seeking alliances for new projects that require greater capital investment in the Orinoco Oil Belt.
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Venezuelan oil loses momentum: costly freight, discounts, and the quiet hit to P2P📊 Venezuelan crude is more expensive to move, and someone has to foot the bill
Venezuelan oil market kicked off the last quarter of the year with an uncomfortable sign. According to vessel-tracking data collected by Reuters, the country's crude exports fell by almost 9% in September to about 1.08 million barrels per day, down from August levels. The trigger wasn't a production problem or an accident at a terminal, but something much more mundane: maritime freight rates rose, changing the routes taken by tankers and making every barrel leaving Venezuelan waters more expensive.
Venezuelan oil loses momentum: costly freight, discounts, and the quiet hit to P2P
📊 Venezuelan crude is more expensive to move, and someone has to foot the bill
Venezuelan oil market kicked off the last quarter of the year with an uncomfortable sign. According to vessel-tracking data collected by Reuters, the country's crude exports fell by almost 9% in September to about 1.08 million barrels per day, down from August levels. The trigger wasn't a production problem or an accident at a terminal, but something much more mundane: maritime freight rates rose, changing the routes taken by tankers and making every barrel leaving Venezuelan waters more expensive.
Venezuelan oil market kicked off the last quarter of the year with an uncomfortable sign. According to vessel-tracking data collected by Reuters, the country's crude exports fell by almost 9% in September to about 1.08 million barrels per day, down from August levels. The trigger wasn't a production problem or an accident at a terminal, but something much more mundane: maritime freight rates rose, changing the routes taken by tankers and making every barrel leaving Venezuelan waters more expensive.
Annita Tufo Sgq0:
No creo que cambie mucho la situación.
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Geopark negotiates with Venezuela supply of diluent for oil production in the Orinoco Belt Orinoco
Felipe Bayón, GeoPark’s chief executive officer, said that «for extra-heavy crude, diluent is absolutely essential».
GeoPark Ltd., an oil producer backed by Colombia’s Gilinski Group, is in talks with the Venezuelan state-owned energy company to supply a light oil product used to dilute heavy crude.
The company headquartered in Bogotá is this week negotiating with Petróleos de Venezuela S.A. (PDVSA) for shipments of the product, called diluent, while it prepares to begin production in the Orinoco Oil Belt, said GeoPark’s chief executive officer, Felipe Bayón, in an interview at an oil and gas conference in Caracas.
Geopark negotiates with Venezuela supply of diluent for oil production in the Orinoco Belt
Orinoco
Felipe Bayón, GeoPark’s chief executive officer, said that «for extra-heavy crude, diluent is absolutely essential».
GeoPark Ltd., an oil producer backed by Colombia’s Gilinski Group, is in talks with the Venezuelan state-owned energy company to supply a light oil product used to dilute heavy crude.
The company headquartered in Bogotá is this week negotiating with Petróleos de Venezuela S.A. (PDVSA) for shipments of the product, called diluent, while it prepares to begin production in the Orinoco Oil Belt, said GeoPark’s chief executive officer, Felipe Bayón, in an interview at an oil and gas conference in Caracas.
Felipe Bayón, GeoPark’s chief executive officer, said that «for extra-heavy crude, diluent is absolutely essential».
GeoPark Ltd., an oil producer backed by Colombia’s Gilinski Group, is in talks with the Venezuelan state-owned energy company to supply a light oil product used to dilute heavy crude.
The company headquartered in Bogotá is this week negotiating with Petróleos de Venezuela S.A. (PDVSA) for shipments of the product, called diluent, while it prepares to begin production in the Orinoco Oil Belt, said GeoPark’s chief executive officer, Felipe Bayón, in an interview at an oil and gas conference in Caracas.
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GeoPark negotiates diluent with Pdvsa: what’s at stake for Venezuela’s P2PWhile half the world watches the Brent price, in Caracas a detail is being cooked up that moves more needles than it seems: GeoPark Ltd., the producer backed by the Grupo Gilinski, is at the table with Pdvsa negotiating the supply of diluent, that light crude which is mixed with the extra-heavy oil from the Orinoco Belt so it can flow through pipelines without turning into an intransportable paste. Its CEO, Felipe Bayón, said this at an oil-industry conference in the capital: without diluent, production in the Belt simply does not get going.
GeoPark negotiates diluent with Pdvsa: what’s at stake for Venezuela’s P2P
While half the world watches the Brent price, in Caracas a detail is being cooked up that moves more needles than it seems: GeoPark Ltd., the producer backed by the Grupo Gilinski, is at the table with Pdvsa negotiating the supply of diluent, that light crude which is mixed with the extra-heavy oil from the Orinoco Belt so it can flow through pipelines without turning into an intransportable paste. Its CEO, Felipe Bayón, said this at an oil-industry conference in the capital: without diluent, production in the Belt simply does not get going.
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Pdvsa debt as collateral: a lifeline for oil—or a mirage for the banks?In a country where bank credit is almost a luxury item, Venezuela’s Oil Chamber (CPV) is putting forward an idea that sounds like high-voltage financial engineering: taking the debt that Pdvsa holds with hundreds of service companies in the sector and turning it into collateral so those companies can obtain fresh financing and get back to running drilling rigs, compressors, and equipment.
The proposal was put forward by the head of the guild, Álvaro Pérez Díaz, in a radio interview, and it immediately sparked debate: is it a creative solution to the lack of capital or is it a bet on a promissory note that no one has managed to collect in years?
Pdvsa debt as collateral: a lifeline for oil—or a mirage for the banks?
In a country where bank credit is almost a luxury item, Venezuela’s Oil Chamber (CPV) is putting forward an idea that sounds like high-voltage financial engineering: taking the debt that Pdvsa holds with hundreds of service companies in the sector and turning it into collateral so those companies can obtain fresh financing and get back to running drilling rigs, compressors, and equipment.
The proposal was put forward by the head of the guild, Álvaro Pérez Díaz, in a radio interview, and it immediately sparked debate: is it a creative solution to the lack of capital or is it a bet on a promissory note that no one has managed to collect in years?
The proposal was put forward by the head of the guild, Álvaro Pérez Díaz, in a radio interview, and it immediately sparked debate: is it a creative solution to the lack of capital or is it a bet on a promissory note that no one has managed to collect in years?
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🇻🇪Unofficial | Delcy Rodríguez’s Government will not move forward for now with the restructuring of external debt
Delcy Rodríguez’s interim government decided not to proceed with the restructuring of external debt for now. It was expected that the process would be announced this week or the first week of October. The reason has to do with the decision to move a little further with the oil agreements that have already been signed or are expected to be signed, to improve the country’s profile and honor the commitments made with less tightness for Venezuela and Petróleos de Venezuela (PDVSA). This would also imply smaller write-downs (haircuts) for creditors, according to three sources consulted by Bitácora Económica.
🇻🇪🔴DELcy RODRÍGUEZ’S SPEECH TO THE UN WAS RESCHEDULED FOR TOMORROW AFTERNOON.
🇺🇳🔴DELCY RODRÍGUEZ LEAVES UN HEADQUARTERS AFTER DONALD TRUMP’S SPEECH.
#TRUMP #PDVSA #DelcyRodriguez #venezuela #petróleo $CL $BZ $TRUMP
🇻🇪Unofficial | Delcy Rodríguez’s Government will not move forward for now with the restructuring of external debt
Delcy Rodríguez’s interim government decided not to proceed with the restructuring of external debt for now. It was expected that the process would be announced this week or the first week of October. The reason has to do with the decision to move a little further with the oil agreements that have already been signed or are expected to be signed, to improve the country’s profile and honor the commitments made with less tightness for Venezuela and Petróleos de Venezuela (PDVSA). This would also imply smaller write-downs (haircuts) for creditors, according to three sources consulted by Bitácora Económica.
🇻🇪🔴DELcy RODRÍGUEZ’S SPEECH TO THE UN WAS RESCHEDULED FOR TOMORROW AFTERNOON.
🇺🇳🔴DELCY RODRÍGUEZ LEAVES UN HEADQUARTERS AFTER DONALD TRUMP’S SPEECH.
#TRUMP #PDVSA #DelcyRodriguez #venezuela #petróleo $CL $BZ $TRUMP
Delcy Rodríguez’s interim government decided not to proceed with the restructuring of external debt for now. It was expected that the process would be announced this week or the first week of October. The reason has to do with the decision to move a little further with the oil agreements that have already been signed or are expected to be signed, to improve the country’s profile and honor the commitments made with less tightness for Venezuela and Petróleos de Venezuela (PDVSA). This would also imply smaller write-downs (haircuts) for creditors, according to three sources consulted by Bitácora Económica.
🇻🇪🔴DELcy RODRÍGUEZ’S SPEECH TO THE UN WAS RESCHEDULED FOR TOMORROW AFTERNOON.
🇺🇳🔴DELCY RODRÍGUEZ LEAVES UN HEADQUARTERS AFTER DONALD TRUMP’S SPEECH.
#TRUMP #PDVSA #DelcyRodriguez #venezuela #petróleo $CL $BZ $TRUMP
Alexander Guevara
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👨💼 Trump threatens Iran from the UN Assembly:
“Will we reach an agreement with Iran, or will I annihilate the Islamic Republic—and I do it quickly?... Will I drag them to hell with no possibility of survival and no hope of greatness for future generations?
👨💼 Trump calls Nicolás Maduro a “dictator” and a “criminal,” boasts about the military operation that captured him, and announces that, after winning the war, the US will be left “with the spoils.”
Delcy Rodríguez listens in during the hearing.
🇻🇪Delcy Rodríguez listening to Donald Trump’s speech at the UN.
🚨| Trump facing Delcy Rodríguez:
"We entered a military base that was supposedly heavily guarded and arrested the fugitive dictator and criminal Maduro. From that day, hundreds of political prisoners have been released, and we are working toward a better future for Venezuelans.”
🇺🇸🇺🇸Trump talks about the January 3 operation in Venezuela, calls Nicolás Maduro a dictator and criminal, and says that hundreds of political prisoners have been released.
🇻🇪🇻🇪Delcy Rodríguez listens alongside the Venezuelan delegation
#ONU #venezuela #DelcyRodriguez #TRUMP #Maduro $HEI $AAPLB $KAT
“Will we reach an agreement with Iran, or will I annihilate the Islamic Republic—and I do it quickly?... Will I drag them to hell with no possibility of survival and no hope of greatness for future generations?
👨💼 Trump calls Nicolás Maduro a “dictator” and a “criminal,” boasts about the military operation that captured him, and announces that, after winning the war, the US will be left “with the spoils.”
Delcy Rodríguez listens in during the hearing.
🇻🇪Delcy Rodríguez listening to Donald Trump’s speech at the UN.
🚨| Trump facing Delcy Rodríguez:
"We entered a military base that was supposedly heavily guarded and arrested the fugitive dictator and criminal Maduro. From that day, hundreds of political prisoners have been released, and we are working toward a better future for Venezuelans.”
🇺🇸🇺🇸Trump talks about the January 3 operation in Venezuela, calls Nicolás Maduro a dictator and criminal, and says that hundreds of political prisoners have been released.
🇻🇪🇻🇪Delcy Rodríguez listens alongside the Venezuelan delegation
#ONU #venezuela #DelcyRodriguez #TRUMP #Maduro $HEI $AAPLB $KAT
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US$2,000 million to the Orinoco Belt: the effect the P2P market expects📊 A big announcement, a long calendar
The U.S. Secretary of Energy, Chris Wright, put numbers on the table: Continental Resources will invest around US$2,000 million in a new well-drilling program in the Ayacucho 2 block, in the heart of the Orinoco Oil Belt. The memorandum with PDVSA was signed during the G20 energy summit in Houston and, according to the official, the plan aims to raise oil and gas production while also expanding export destinations beyond the U.S. market.
US$2,000 million to the Orinoco Belt: the effect the P2P market expects
📊 A big announcement, a long calendar
The U.S. Secretary of Energy, Chris Wright, put numbers on the table: Continental Resources will invest around US$2,000 million in a new well-drilling program in the Ayacucho 2 block, in the heart of the Orinoco Oil Belt. The memorandum with PDVSA was signed during the G20 energy summit in Houston and, according to the official, the plan aims to raise oil and gas production while also expanding export destinations beyond the U.S. market.
The U.S. Secretary of Energy, Chris Wright, put numbers on the table: Continental Resources will invest around US$2,000 million in a new well-drilling program in the Ayacucho 2 block, in the heart of the Orinoco Oil Belt. The memorandum with PDVSA was signed during the G20 energy summit in Houston and, according to the official, the plan aims to raise oil and gas production while also expanding export destinations beyond the U.S. market.
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🇻🇪 Venezuela plans to reach 1.6 million barrels per day by 2027 with private investment
🇺🇸Chris Wright: Continental Resources will invest US$2.000 million for an oil project in Venezuela
The U.S. energy secretary explained that the agreement signed between Continental Resources and PDVSA will focus primarily on drilling new oil wells.
#PDVSA #EEUU #venezuela #petróleo #oil $CL $BZ
🇻🇪 Venezuela plans to reach 1.6 million barrels per day by 2027 with private investment
🇺🇸Chris Wright: Continental Resources will invest US$2.000 million for an oil project in Venezuela
The U.S. energy secretary explained that the agreement signed between Continental Resources and PDVSA will focus primarily on drilling new oil wells.
#PDVSA #EEUU #venezuela #petróleo #oil $CL $BZ
🇺🇸Chris Wright: Continental Resources will invest US$2.000 million for an oil project in Venezuela
The U.S. energy secretary explained that the agreement signed between Continental Resources and PDVSA will focus primarily on drilling new oil wells.
#PDVSA #EEUU #venezuela #petróleo #oil $CL $BZ
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🇻🇪Alí Moshiri, the executive who recommended backing Delcy Rodríguez after Maduro’s capture, feels left out of oil deals
Ali Moshiri, currently CEO of Amos Global Energy, has brought together $2.0 billion from about 15 investors to invest in Venezuelan oil production and infrastructure, at a time when the Trump Administration is pressuring U.S. companies to restart the country’s energy sector. However, the state-owned company Petróleos de Venezuela S.A. (PDVSA) is acting with glacial slowness on its proposals, according to what he said in an interview.
“There’s no process, no sense of urgency,” Moshiri said. He will travel to Caracas this weekend to try to arrange an in-person meeting with PDVSA executives. “We’re willing to fix the situation. It’s vital,” Bloomberg reported.
Neither PDVSA nor Venezuela’s Ministry of Oil and Information responded immediately to requests for comment.
🇻🇪Copernico Recovery Fund warns that Venezuela’s full recovery is directly tied to political transition
Copernico Venezuela Fund, an international investment fund managed by the firm Copernico Capital Partner, warns that despite the expectations generated by oil agreements in Venezuela, the reasons for a political transition in the country have not changed. The firm’s most recent report, prepared by financial advisor and economist Jorge Piedrahita, highlights that mistakes in recent agreements have driven local forces to continue firmly pushing for real change.
#PDVSA #venezuela #petróleo #DelcyRodriguez #TRUMP $BZ $CL
🇻🇪Alí Moshiri, the executive who recommended backing Delcy Rodríguez after Maduro’s capture, feels left out of oil deals
Ali Moshiri, currently CEO of Amos Global Energy, has brought together $2.0 billion from about 15 investors to invest in Venezuelan oil production and infrastructure, at a time when the Trump Administration is pressuring U.S. companies to restart the country’s energy sector. However, the state-owned company Petróleos de Venezuela S.A. (PDVSA) is acting with glacial slowness on its proposals, according to what he said in an interview.
“There’s no process, no sense of urgency,” Moshiri said. He will travel to Caracas this weekend to try to arrange an in-person meeting with PDVSA executives. “We’re willing to fix the situation. It’s vital,” Bloomberg reported.
Neither PDVSA nor Venezuela’s Ministry of Oil and Information responded immediately to requests for comment.
🇻🇪Copernico Recovery Fund warns that Venezuela’s full recovery is directly tied to political transition
Copernico Venezuela Fund, an international investment fund managed by the firm Copernico Capital Partner, warns that despite the expectations generated by oil agreements in Venezuela, the reasons for a political transition in the country have not changed. The firm’s most recent report, prepared by financial advisor and economist Jorge Piedrahita, highlights that mistakes in recent agreements have driven local forces to continue firmly pushing for real change.
#PDVSA #venezuela #petróleo #DelcyRodriguez #TRUMP $BZ $CL
Ali Moshiri, currently CEO of Amos Global Energy, has brought together $2.0 billion from about 15 investors to invest in Venezuelan oil production and infrastructure, at a time when the Trump Administration is pressuring U.S. companies to restart the country’s energy sector. However, the state-owned company Petróleos de Venezuela S.A. (PDVSA) is acting with glacial slowness on its proposals, according to what he said in an interview.
“There’s no process, no sense of urgency,” Moshiri said. He will travel to Caracas this weekend to try to arrange an in-person meeting with PDVSA executives. “We’re willing to fix the situation. It’s vital,” Bloomberg reported.
Neither PDVSA nor Venezuela’s Ministry of Oil and Information responded immediately to requests for comment.
🇻🇪Copernico Recovery Fund warns that Venezuela’s full recovery is directly tied to political transition
Copernico Venezuela Fund, an international investment fund managed by the firm Copernico Capital Partner, warns that despite the expectations generated by oil agreements in Venezuela, the reasons for a political transition in the country have not changed. The firm’s most recent report, prepared by financial advisor and economist Jorge Piedrahita, highlights that mistakes in recent agreements have driven local forces to continue firmly pushing for real change.
#PDVSA #venezuela #petróleo #DelcyRodriguez #TRUMP $BZ $CL
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PDVSA and TotalEnergies sign a memorandum: the fine print that looks at the P2PAnother act at the Miraflores Palace, another signature with an international oil company, and another round of headlines. This Saturday, the head of PDVSA, Héctor Obregón, and the senior vice president for the Americas of TotalEnergies, Javier Rielo, affixed their signatures to a memorandum of understanding between the Venezuelan state company and TotalEnergies E&P New Ventures, a subsidiary of the French group. The document speaks of «strategic cooperation in the hydrocarbons sector,» but it does not include volumes, prices, timelines, or investment amounts. In practice, it is a letter of intent with a diplomatic seal.
PDVSA and TotalEnergies sign a memorandum: the fine print that looks at the P2P
Another act at the Miraflores Palace, another signature with an international oil company, and another round of headlines. This Saturday, the head of PDVSA, Héctor Obregón, and the senior vice president for the Americas of TotalEnergies, Javier Rielo, affixed their signatures to a memorandum of understanding between the Venezuelan state company and TotalEnergies E&P New Ventures, a subsidiary of the French group. The document speaks of «strategic cooperation in the hydrocarbons sector,» but it does not include volumes, prices, timelines, or investment amounts. In practice, it is a letter of intent with a diplomatic seal.
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US$2.000 million in limbo: slow PDVSA and the effect on the P2P📊 A veteran of the harsh conditions was left knocking on the door
Ali Moshiri is not a rookie improvising in the oil business. For years, he managed Chevron’s strategy in Latin America and was a key figure in ensuring the multinational stayed operating in Venezuela during the worst stretches of political unrest. Today he leads Amos Global Energy, a vehicle that has already brought together around US$2.000 million from about fifteen investors with a specific goal: to inject capital into crude production and Venezuela’s energy infrastructure.
US$2.000 million in limbo: slow PDVSA and the effect on the P2P
📊 A veteran of the harsh conditions was left knocking on the door
Ali Moshiri is not a rookie improvising in the oil business. For years, he managed Chevron’s strategy in Latin America and was a key figure in ensuring the multinational stayed operating in Venezuela during the worst stretches of political unrest. Today he leads Amos Global Energy, a vehicle that has already brought together around US$2.000 million from about fifteen investors with a specific goal: to inject capital into crude production and Venezuela’s energy infrastructure.
Ali Moshiri is not a rookie improvising in the oil business. For years, he managed Chevron’s strategy in Latin America and was a key figure in ensuring the multinational stayed operating in Venezuela during the worst stretches of political unrest. Today he leads Amos Global Energy, a vehicle that has already brought together around US$2.000 million from about fifteen investors with a specific goal: to inject capital into crude production and Venezuela’s energy infrastructure.
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Paraguay acknowledges $300 million debt to PDVSA: P2P readingEconomic diplomacy moved again this week and, although it seems like a dispute between foreign ministries, it has direct repercussions in the pocket of the Venezuelan who trades dollars for bolívares every day. Rubén Ramírez Lezcano, head of Paraguay’s diplomacy, confirmed that his country maintains a debt of close to US$300 million with Petróleos de Venezuela (PDVSA) for crude purchases, but made it clear that he disagrees with the final figure: the amount of the dispute, according to his account, was inflated by interest charges that go beyond the original commercial agreement.
Paraguay acknowledges $300 million debt to PDVSA: P2P reading
Economic diplomacy moved again this week and, although it seems like a dispute between foreign ministries, it has direct repercussions in the pocket of the Venezuelan who trades dollars for bolívares every day. Rubén Ramírez Lezcano, head of Paraguay’s diplomacy, confirmed that his country maintains a debt of close to US$300 million with Petróleos de Venezuela (PDVSA) for crude purchases, but made it clear that he disagrees with the final figure: the amount of the dispute, according to his account, was inflated by interest charges that go beyond the original commercial agreement.
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🇺🇸Dice AXIOS that the King of the North doesn't care what the polls say, nor the pressures within the Republican Party, as long as Delcy Eloína continues to comply.
🇺🇸U.S. Embassy in Caracas
The U.S. company @ContinentalOil and @PDVSA signed a historic Memorandum of Understanding to operate and develop the Ayacucho 2 Block in the Orinoco Oil Belt, which has an estimated 30 billion barrels. This direct investment will provide vital private capital, advanced technology, and technical expertise to the country. Another step toward Venezuela’s economic recovery under the three-phase plan
🇺🇸The Washington Post:
Democratic Senators demanded that Trump provide greater transparency about the destination of Venezuela’s oil revenues
#PDVSA #petróleo #EEUU #TRUMP #venezuela $CL $BZ
🇺🇸Dice AXIOS that the King of the North doesn't care what the polls say, nor the pressures within the Republican Party, as long as Delcy Eloína continues to comply.
🇺🇸U.S. Embassy in Caracas
The U.S. company @ContinentalOil and @PDVSA signed a historic Memorandum of Understanding to operate and develop the Ayacucho 2 Block in the Orinoco Oil Belt, which has an estimated 30 billion barrels. This direct investment will provide vital private capital, advanced technology, and technical expertise to the country. Another step toward Venezuela’s economic recovery under the three-phase plan
🇺🇸The Washington Post:
Democratic Senators demanded that Trump provide greater transparency about the destination of Venezuela’s oil revenues
#PDVSA #petróleo #EEUU #TRUMP #venezuela $CL $BZ
🇺🇸U.S. Embassy in Caracas
The U.S. company @ContinentalOil and @PDVSA signed a historic Memorandum of Understanding to operate and develop the Ayacucho 2 Block in the Orinoco Oil Belt, which has an estimated 30 billion barrels. This direct investment will provide vital private capital, advanced technology, and technical expertise to the country. Another step toward Venezuela’s economic recovery under the three-phase plan
🇺🇸The Washington Post:
Democratic Senators demanded that Trump provide greater transparency about the destination of Venezuela’s oil revenues
#PDVSA #petróleo #EEUU #TRUMP #venezuela $CL $BZ
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OFAC issues a license that enables U.S. entities to conduct operational transactions andcommercials with PDVSA
General License No. 52C states that any export of Venezuelan oil or petrochemical products to countries other than the United States will require reporting to the State Department and the Department of Energy.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued this September 14th General License No. 52C, which replaces LG 52B and expands the flexibility for Petróleos de Venezuela S.A. (Pdvsa).
OFAC issues a license that enables U.S. entities to conduct operational transactions and
commercials with PDVSA
General License No. 52C states that any export of Venezuelan oil or petrochemical products to countries other than the United States will require reporting to the State Department and the Department of Energy.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued this September 14th General License No. 52C, which replaces LG 52B and expands the flexibility for Petróleos de Venezuela S.A. (Pdvsa).
General License No. 52C states that any export of Venezuelan oil or petrochemical products to countries other than the United States will require reporting to the State Department and the Department of Energy.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued this September 14th General License No. 52C, which replaces LG 52B and expands the flexibility for Petróleos de Venezuela S.A. (Pdvsa).
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Article
Eni and PDVSA: US$1,500 million per year that could shake the P2P market## Eni’s bet on Venezuela
The Italian oil company Eni has decided to stay and go strong in Venezuela. A new agreement with PDVSA for the development of the gigantic Junín 5 project in the Orinoco Belt not only represents a vote of confidence in the country, but also includes investments of up to 1.500 million dollars per year. The goal is ambitious: to increase production from 12,000 to 400,000 barrels per day by 2030, growth of more than 3,000% in just over four years.
For the average citizen, this news may seem far away, but what happens with oil has a ripple effect on the Venezuelan economy and, of course, on the ecosystem of cryptocurrencies and P2P payments. If the agreement is finalized and investment flows in, the inflow of foreign currency could change the behavior of the dollar and, therefore, the demand for USDT as a safe haven and exchange medium.
Eni and PDVSA: US$1,500 million per year that could shake the P2P market
## Eni’s bet on Venezuela
The Italian oil company Eni has decided to stay and go strong in Venezuela. A new agreement with PDVSA for the development of the gigantic Junín 5 project in the Orinoco Belt not only represents a vote of confidence in the country, but also includes investments of up to 1.500 million dollars per year. The goal is ambitious: to increase production from 12,000 to 400,000 barrels per day by 2030, growth of more than 3,000% in just over four years.
For the average citizen, this news may seem far away, but what happens with oil has a ripple effect on the Venezuelan economy and, of course, on the ecosystem of cryptocurrencies and P2P payments. If the agreement is finalized and investment flows in, the inflow of foreign currency could change the behavior of the dollar and, therefore, the demand for USDT as a safe haven and exchange medium.
The Italian oil company Eni has decided to stay and go strong in Venezuela. A new agreement with PDVSA for the development of the gigantic Junín 5 project in the Orinoco Belt not only represents a vote of confidence in the country, but also includes investments of up to 1.500 million dollars per year. The goal is ambitious: to increase production from 12,000 to 400,000 barrels per day by 2030, growth of more than 3,000% in just over four years.
For the average citizen, this news may seem far away, but what happens with oil has a ripple effect on the Venezuelan economy and, of course, on the ecosystem of cryptocurrencies and P2P payments. If the agreement is finalized and investment flows in, the inflow of foreign currency could change the behavior of the dollar and, therefore, the demand for USDT as a safe haven and exchange medium.
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Article
Oil = more dollars? The PDVSA plan that will move Venezuelan P2P## An announcement that goes beyond the oil industry
When PDVSA’s executive vice president, Jovanny Martínez, talks about increasing production to 1,300,000 barrels per day by the end of 2026 and to 1,500,000 by 2027, it’s not just a corporate goal. For those of us who live day to day in Venezuela, that figure has a direct correlation with the amount of dollars that could enter the country—and therefore with the flow of bolívars, the exchange rate, and even activity at the money tables in the Venezuelan P2P market.
Oil = more dollars? The PDVSA plan that will move Venezuelan P2P
## An announcement that goes beyond the oil industry
When PDVSA’s executive vice president, Jovanny Martínez, talks about increasing production to 1,300,000 barrels per day by the end of 2026 and to 1,500,000 by 2027, it’s not just a corporate goal. For those of us who live day to day in Venezuela, that figure has a direct correlation with the amount of dollars that could enter the country—and therefore with the flow of bolívars, the exchange rate, and even activity at the money tables in the Venezuelan P2P market.
When PDVSA’s executive vice president, Jovanny Martínez, talks about increasing production to 1,300,000 barrels per day by the end of 2026 and to 1,500,000 by 2027, it’s not just a corporate goal. For those of us who live day to day in Venezuela, that figure has a direct correlation with the amount of dollars that could enter the country—and therefore with the flow of bolívars, the exchange rate, and even activity at the money tables in the Venezuelan P2P market.
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🚨 Urgent: The U.S. company “Chevron” and other American energy companies are nearing an agreement to invest billions of dollars in Venezuela’s oil fields. Chevron already operates three joint projects with Venezuela’s national oil company (PDVSA), and it is planning to add two more heavy-oil fields to its business portfolio. Meanwhile, “Halliburton” is holding similar talks, indicating that the deal goes beyond crude oil ownership to include drilling operations and the infrastructure needed to restart production. The plan includes leasing specific fields to U.S. companies and routing the produced oil to the U.S. market. Venezuela has the world’s largest proven oil reserves—surpassing those of Saudi Arabia—yet years of underinvestment have left a large portion of these resources undeveloped. And any increase in production rates will take years, since aging wells, pipelines, and export systems all need rehabilitation and construction first.
#PDVSA #TRUMP #venzuela #oil
🚨 Urgent: The U.S. company “Chevron” and other American energy companies are nearing an agreement to invest billions of dollars in Venezuela’s oil fields. Chevron already operates three joint projects with Venezuela’s national oil company (PDVSA), and it is planning to add two more heavy-oil fields to its business portfolio. Meanwhile, “Halliburton” is holding similar talks, indicating that the deal goes beyond crude oil ownership to include drilling operations and the infrastructure needed to restart production. The plan includes leasing specific fields to U.S. companies and routing the produced oil to the U.S. market. Venezuela has the world’s largest proven oil reserves—surpassing those of Saudi Arabia—yet years of underinvestment have left a large portion of these resources undeveloped. And any increase in production rates will take years, since aging wells, pipelines, and export systems all need rehabilitation and construction first.
#PDVSA #TRUMP #venzuela #oil
#PDVSA #TRUMP #venzuela #oil
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Article
PDVSA strengthens its refining capacity and guarantees domestic fuel supply without importsPDVSA President Héctor Obregón highlighted that, following an integrated operating agreement with private investment in the Zamora field, oil production increased from 20,000 barrels per day to 100,000, marking a milestone for the crude sector
PDVSA
The president of Petróleos de Venezuela (PDVSA), Héctor Obregón Pérez, reported that the state oil company has maintained since 2024 a continuous investment plan aimed at restoring its processing plants, with the goal of supplying independently the entire national demand for gasoline and diesel; thanks to these works, the refining park currently has a refining capacity of 350 thousand barrels per day.
PDVSA strengthens its refining capacity and guarantees domestic fuel supply without imports
PDVSA President Héctor Obregón highlighted that, following an integrated operating agreement with private investment in the Zamora field, oil production increased from 20,000 barrels per day to 100,000, marking a milestone for the crude sector
PDVSA
The president of Petróleos de Venezuela (PDVSA), Héctor Obregón Pérez, reported that the state oil company has maintained since 2024 a continuous investment plan aimed at restoring its processing plants, with the goal of supplying independently the entire national demand for gasoline and diesel; thanks to these works, the refining park currently has a refining capacity of 350 thousand barrels per day.
PDVSA
The president of Petróleos de Venezuela (PDVSA), Héctor Obregón Pérez, reported that the state oil company has maintained since 2024 a continuous investment plan aimed at restoring its processing plants, with the goal of supplying independently the entire national demand for gasoline and diesel; thanks to these works, the refining park currently has a refining capacity of 350 thousand barrels per day.
1
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Article
Venezuelan state PDVSA and SLB sign agreement for crude and gas tech servicesCaracas, June 10 (EFE) - State-owned Petróleos de Venezuela (PDVSA) and transnational SLB (formerly Schlumberger) signed a memorandum of understanding on Wednesday for the development of 'cutting-edge technology' in the exploration, drilling, and optimization of oil and gas reserves in the country.
The deal was inked at an event in Caracas led by the acting Venezuelan president, Delcy Rodríguez, where SLB's CEO, Olivier Le Peuch, highlighted the chance to generate tech for 'excellence in production, drilling, and various types of digital collaborations, even using artificial intelligence.'
Venezuelan state PDVSA and SLB sign agreement for crude and gas tech services
Caracas, June 10 (EFE) - State-owned Petróleos de Venezuela (PDVSA) and transnational SLB (formerly Schlumberger) signed a memorandum of understanding on Wednesday for the development of 'cutting-edge technology' in the exploration, drilling, and optimization of oil and gas reserves in the country.
The deal was inked at an event in Caracas led by the acting Venezuelan president, Delcy Rodríguez, where SLB's CEO, Olivier Le Peuch, highlighted the chance to generate tech for 'excellence in production, drilling, and various types of digital collaborations, even using artificial intelligence.'
The deal was inked at an event in Caracas led by the acting Venezuelan president, Delcy Rodríguez, where SLB's CEO, Olivier Le Peuch, highlighted the chance to generate tech for 'excellence in production, drilling, and various types of digital collaborations, even using artificial intelligence.'
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