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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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Article
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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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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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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🔗Banking and Business
🇺🇸Bloomberg: BP enters the Venezuelan oil business to compete with Trafigura and Vitol
The multinational’s return to the Venezuelan market comes as the company, together with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean.
🇻🇪PDVSA: Oil exports increased by 19.7% and fuel production rose by 12.9%
The U.S. Undersecretary of Energy, Kyle Haustveit, stated that around half of Venezuela’s oil production is currently being exported to the United States.
Petróleos de Venezuela S.A. (Pdvsa) Vice President Jovanny Martínez said on Tuesday, August 18, that so far this year the country’s crude oil exports have increased by 19.7%.
During his appearance at an event in Houston, United States, Martínez indicated that Venezuela’s oil production would reach 1.245 million barrels per day by the end of August.
🧐Workers’ “Integral Income” payment for August begins for retirees
The beneficiaries of this payment are retirees from the public administration.
Through a message shared on the social platforms of the Patria Digital Channel, it was learned that the amount granted is Bs. 102,410 or US$ 132.43 at the exchange rate in effect from the Central Bank of Venezuela (BCV).
#PDVSA #venezuela #petróleo #EEUU #Bloomberg $CL $BZ $NATGAS
🔗Banking and Business
🇺🇸Bloomberg: BP enters the Venezuelan oil business to compete with Trafigura and Vitol
The multinational’s return to the Venezuelan market comes as the company, together with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean.
🇻🇪PDVSA: Oil exports increased by 19.7% and fuel production rose by 12.9%
The U.S. Undersecretary of Energy, Kyle Haustveit, stated that around half of Venezuela’s oil production is currently being exported to the United States.
Petróleos de Venezuela S.A. (Pdvsa) Vice President Jovanny Martínez said on Tuesday, August 18, that so far this year the country’s crude oil exports have increased by 19.7%.
During his appearance at an event in Houston, United States, Martínez indicated that Venezuela’s oil production would reach 1.245 million barrels per day by the end of August.
🧐Workers’ “Integral Income” payment for August begins for retirees
The beneficiaries of this payment are retirees from the public administration.
Through a message shared on the social platforms of the Patria Digital Channel, it was learned that the amount granted is Bs. 102,410 or US$ 132.43 at the exchange rate in effect from the Central Bank of Venezuela (BCV).
#PDVSA #venezuela #petróleo #EEUU #Bloomberg $CL $BZ $NATGAS
🇺🇸Bloomberg: BP enters the Venezuelan oil business to compete with Trafigura and Vitol
The multinational’s return to the Venezuelan market comes as the company, together with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean.
🇻🇪PDVSA: Oil exports increased by 19.7% and fuel production rose by 12.9%
The U.S. Undersecretary of Energy, Kyle Haustveit, stated that around half of Venezuela’s oil production is currently being exported to the United States.
Petróleos de Venezuela S.A. (Pdvsa) Vice President Jovanny Martínez said on Tuesday, August 18, that so far this year the country’s crude oil exports have increased by 19.7%.
During his appearance at an event in Houston, United States, Martínez indicated that Venezuela’s oil production would reach 1.245 million barrels per day by the end of August.
🧐Workers’ “Integral Income” payment for August begins for retirees
The beneficiaries of this payment are retirees from the public administration.
Through a message shared on the social platforms of the Patria Digital Channel, it was learned that the amount granted is Bs. 102,410 or US$ 132.43 at the exchange rate in effect from the Central Bank of Venezuela (BCV).
#PDVSA #venezuela #petróleo #EEUU #Bloomberg $CL $BZ $NATGAS
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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.
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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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Venezuelan oil exports surged 144% in the first half: U.S, India, and BahamasA report from Signal Ocean, shared by Bloomberg Línea, highlights that Venezuelan crude shipments jumped from 0.62 million barrels in January to around 1.5 million barrels by mid-June.
Venezuelan maritime crude exports skyrocketed by up to 144% between January and mid-June, according to a report from the maritime transport intelligence and analytics firm Signal Ocean.
The data released indicates that the monthly volume of Venezuelan crude loads transported by sea surged from 0.62 million barrels in January to nearly 1.5 million barrels by mid-June, measured on a 7-day moving average. This marks 6 consecutive months of growth.
Venezuelan oil exports surged 144% in the first half: U.S, India, and Bahamas
A report from Signal Ocean, shared by Bloomberg Línea, highlights that Venezuelan crude shipments jumped from 0.62 million barrels in January to around 1.5 million barrels by mid-June.
Venezuelan maritime crude exports skyrocketed by up to 144% between January and mid-June, according to a report from the maritime transport intelligence and analytics firm Signal Ocean.
The data released indicates that the monthly volume of Venezuelan crude loads transported by sea surged from 0.62 million barrels in January to nearly 1.5 million barrels by mid-June, measured on a 7-day moving average. This marks 6 consecutive months of growth.
Venezuelan maritime crude exports skyrocketed by up to 144% between January and mid-June, according to a report from the maritime transport intelligence and analytics firm Signal Ocean.
The data released indicates that the monthly volume of Venezuelan crude loads transported by sea surged from 0.62 million barrels in January to nearly 1.5 million barrels by mid-June, measured on a 7-day moving average. This marks 6 consecutive months of growth.
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Reuters: Pdvsa will temporarily shut down the El Palito Refinery for maintenance
It is estimated that major maintenance work at the refinery will last between 3 and 4 weeks.
Petróleos de Venezuela S.A (PDVSA) is preparing to shut down the El Palito Refinery, which is located in the state of Carabobo and has a capacity of 146,000 barrels per day, for planned major maintenance that will take between 3 and 4 weeks, four sources familiar with the matter said.
The maintenance program had originally been scheduled for 2027, but the state-owned oil company is currently planning to start it between the end of August and the beginning of September.
This maintenance work will be mainly to fully inspect the units after the devastating earthquakes that occurred on June 24. The start date depends on the arrival of imported parts, the sources said.
PDVSA did not respond immediately to a request for comment. The El Palito is currently processing around 70,000 barrels per day of crude, but its fluid catalytic cracker is not in service, Reuters reported via its «X» profile.
#PDVSA #petróleo #venezuela #TerremotoEnVenezuela #oil $CL $BZ $NATGAS
Reuters: Pdvsa will temporarily shut down the El Palito Refinery for maintenance
It is estimated that major maintenance work at the refinery will last between 3 and 4 weeks.
Petróleos de Venezuela S.A (PDVSA) is preparing to shut down the El Palito Refinery, which is located in the state of Carabobo and has a capacity of 146,000 barrels per day, for planned major maintenance that will take between 3 and 4 weeks, four sources familiar with the matter said.
The maintenance program had originally been scheduled for 2027, but the state-owned oil company is currently planning to start it between the end of August and the beginning of September.
This maintenance work will be mainly to fully inspect the units after the devastating earthquakes that occurred on June 24. The start date depends on the arrival of imported parts, the sources said.
PDVSA did not respond immediately to a request for comment. The El Palito is currently processing around 70,000 barrels per day of crude, but its fluid catalytic cracker is not in service, Reuters reported via its «X» profile.
#PDVSA #petróleo #venezuela #TerremotoEnVenezuela #oil $CL $BZ $NATGAS
It is estimated that major maintenance work at the refinery will last between 3 and 4 weeks.
Petróleos de Venezuela S.A (PDVSA) is preparing to shut down the El Palito Refinery, which is located in the state of Carabobo and has a capacity of 146,000 barrels per day, for planned major maintenance that will take between 3 and 4 weeks, four sources familiar with the matter said.
The maintenance program had originally been scheduled for 2027, but the state-owned oil company is currently planning to start it between the end of August and the beginning of September.
This maintenance work will be mainly to fully inspect the units after the devastating earthquakes that occurred on June 24. The start date depends on the arrival of imported parts, the sources said.
PDVSA did not respond immediately to a request for comment. The El Palito is currently processing around 70,000 barrels per day of crude, but its fluid catalytic cracker is not in service, Reuters reported via its «X» profile.
#PDVSA #petróleo #venezuela #TerremotoEnVenezuela #oil $CL $BZ $NATGAS
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Analysis: Gulf energy companies debut in Venezuela with gas projects
Energy companies from the United Arab Emirates and Qatar have partnered with British Petroleum to develop the second phase of a gas project at a reservoir in Venezuela.
The energy industries of two countries that make up the Persian Gulf are debuting in Venezuela with gas projects at the Loran field, located offshore, in partnership with oil company BP (British Petroleum).
According to Bloomberg Línea, companies XRG from the United Arab Emirates and UCC Holding from Qatar will hold a stake in the license granted to BP to produce more than four billion cubic feet of gas at the Venezuelan reservoir.
The gas supply would be intended to replenish the raw material for Trinidad and Tobago’s industry, including the Atlantic liquefaction plant, which is operated by BP and Shell.
This agreement between the Emirati, Qatari, and British consortia and Venezuela comes at a time when the conflict between the United States (U.S.) and Iran continues, making hydrocarbon supply from the Middle East more complicated.
Oil agreements
The signing of the agreement to develop the second phase of the gas project at the Loran field has shown the Venezuelan government’s desire to continue the agreements made previously.
This means that XRG, UCC Holding, and BP are all moving forward on oil agreements with the state-owned Petróleos de Venezuela S.A. (PDVSA), although at a slower pace and with “moderate interest from the majority of the big oil companies.”
#EEUU #PDVSA #venezuela #petróleo #OrienteMedio $CL $BZ $NATGAS
Analysis: Gulf energy companies debut in Venezuela with gas projects
Energy companies from the United Arab Emirates and Qatar have partnered with British Petroleum to develop the second phase of a gas project at a reservoir in Venezuela.
The energy industries of two countries that make up the Persian Gulf are debuting in Venezuela with gas projects at the Loran field, located offshore, in partnership with oil company BP (British Petroleum).
According to Bloomberg Línea, companies XRG from the United Arab Emirates and UCC Holding from Qatar will hold a stake in the license granted to BP to produce more than four billion cubic feet of gas at the Venezuelan reservoir.
The gas supply would be intended to replenish the raw material for Trinidad and Tobago’s industry, including the Atlantic liquefaction plant, which is operated by BP and Shell.
This agreement between the Emirati, Qatari, and British consortia and Venezuela comes at a time when the conflict between the United States (U.S.) and Iran continues, making hydrocarbon supply from the Middle East more complicated.
Oil agreements
The signing of the agreement to develop the second phase of the gas project at the Loran field has shown the Venezuelan government’s desire to continue the agreements made previously.
This means that XRG, UCC Holding, and BP are all moving forward on oil agreements with the state-owned Petróleos de Venezuela S.A. (PDVSA), although at a slower pace and with “moderate interest from the majority of the big oil companies.”
#EEUU #PDVSA #venezuela #petróleo #OrienteMedio $CL $BZ $NATGAS
Energy companies from the United Arab Emirates and Qatar have partnered with British Petroleum to develop the second phase of a gas project at a reservoir in Venezuela.
The energy industries of two countries that make up the Persian Gulf are debuting in Venezuela with gas projects at the Loran field, located offshore, in partnership with oil company BP (British Petroleum).
According to Bloomberg Línea, companies XRG from the United Arab Emirates and UCC Holding from Qatar will hold a stake in the license granted to BP to produce more than four billion cubic feet of gas at the Venezuelan reservoir.
The gas supply would be intended to replenish the raw material for Trinidad and Tobago’s industry, including the Atlantic liquefaction plant, which is operated by BP and Shell.
This agreement between the Emirati, Qatari, and British consortia and Venezuela comes at a time when the conflict between the United States (U.S.) and Iran continues, making hydrocarbon supply from the Middle East more complicated.
Oil agreements
The signing of the agreement to develop the second phase of the gas project at the Loran field has shown the Venezuelan government’s desire to continue the agreements made previously.
This means that XRG, UCC Holding, and BP are all moving forward on oil agreements with the state-owned Petróleos de Venezuela S.A. (PDVSA), although at a slower pace and with “moderate interest from the majority of the big oil companies.”
#EEUU #PDVSA #venezuela #petróleo #OrienteMedio $CL $BZ $NATGAS
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From crude to P2P: how the PDVSA-U.S. deal could move the dollar in Venezuela## A contract that goes beyond oil
PDVSA’s president, Héctor Obregón, revealed new details about the energy agreement with the United States: 25 years of validity, the possibility of renewal, and an estimated investment of US$ 100 billion. Although the news falls within the hydrocarbons sector, for those operating in the P2P market or safeguarding their savings in USDT, this information raises several alarms and opportunities.
It’s not just about crude extraction. The contract, known as the Productive Participation Contract (CPP), means that the private party doesn’t only pay fees and royalties, but also becomes part of a company. This means that PDVSA will receive benefits beyond the traditional ones, including the collection of taxes and a share of the hydrocarbon extracted. But what does oil have to do with the dollar and cryptocurrencies in Venezuela? Everything.
From crude to P2P: how the PDVSA-U.S. deal could move the dollar in Venezuela
## A contract that goes beyond oil
PDVSA’s president, Héctor Obregón, revealed new details about the energy agreement with the United States: 25 years of validity, the possibility of renewal, and an estimated investment of US$ 100 billion. Although the news falls within the hydrocarbons sector, for those operating in the P2P market or safeguarding their savings in USDT, this information raises several alarms and opportunities.
It’s not just about crude extraction. The contract, known as the Productive Participation Contract (CPP), means that the private party doesn’t only pay fees and royalties, but also becomes part of a company. This means that PDVSA will receive benefits beyond the traditional ones, including the collection of taxes and a share of the hydrocarbon extracted. But what does oil have to do with the dollar and cryptocurrencies in Venezuela? Everything.
PDVSA’s president, Héctor Obregón, revealed new details about the energy agreement with the United States: 25 years of validity, the possibility of renewal, and an estimated investment of US$ 100 billion. Although the news falls within the hydrocarbons sector, for those operating in the P2P market or safeguarding their savings in USDT, this information raises several alarms and opportunities.
It’s not just about crude extraction. The contract, known as the Productive Participation Contract (CPP), means that the private party doesn’t only pay fees and royalties, but also becomes part of a company. This means that PDVSA will receive benefits beyond the traditional ones, including the collection of taxes and a share of the hydrocarbon extracted. But what does oil have to do with the dollar and cryptocurrencies in Venezuela? Everything.
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💥US Treasury Secretary Scott Bessent indicated that the only way for the US to get out of debt is to grow in order to get out of it. That's why right now he is dedicating himself to invading other countries to suck their resources...🤷♂️
Juan Barreto, the former mayor, disguised as a PDVSA worker, didn’t know that it was already carnival time 😅, politics and politicians in this country are in the basement...🤷♂️
⚽Argentine star Lionel Messi announced his retirement from the Albiceleste, just a few months after they lost the FIFA World Cup 2026 final to Spain.
💥Goldman Sachs forecasts that gold will reach US$4,900 per troy ounce again by year-end, driven by strong central bank purchases. 🐳🥇
#PDVSA #EEUU #GoldManSachs #Messi #venezuela $BZ $CL
💥US Treasury Secretary Scott Bessent indicated that the only way for the US to get out of debt is to grow in order to get out of it. That's why right now he is dedicating himself to invading other countries to suck their resources...🤷♂️
Juan Barreto, the former mayor, disguised as a PDVSA worker, didn’t know that it was already carnival time 😅, politics and politicians in this country are in the basement...🤷♂️
⚽Argentine star Lionel Messi announced his retirement from the Albiceleste, just a few months after they lost the FIFA World Cup 2026 final to Spain.
💥Goldman Sachs forecasts that gold will reach US$4,900 per troy ounce again by year-end, driven by strong central bank purchases. 🐳🥇
#PDVSA #EEUU #GoldManSachs #Messi #venezuela $BZ $CL
Juan Barreto, the former mayor, disguised as a PDVSA worker, didn’t know that it was already carnival time 😅, politics and politicians in this country are in the basement...🤷♂️
⚽Argentine star Lionel Messi announced his retirement from the Albiceleste, just a few months after they lost the FIFA World Cup 2026 final to Spain.
💥Goldman Sachs forecasts that gold will reach US$4,900 per troy ounce again by year-end, driven by strong central bank purchases. 🐳🥇
#PDVSA #EEUU #GoldManSachs #Messi #venezuela $BZ $CL
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OFAC extends Citgo protection against creditors until #5NovOFAC maintains protection over Citgo by preventing the PDVSA 2020 bonds from being traded, despite the fact that a U.S. court has already approved an auction.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury reported on September 16, 2026, that it authorizes, starting November 5 of this year, all transactions related to the bond of Petróleos de Venezuela, S.A. (PDVSA) 2020.
Consequently, the U.S. entity extends protection for Venezuela’s property of Citgo for another month and a half, since these securities were placed with 50.1% of the shares of the oil refinery owned by PDVSA as collateral.
OFAC extends Citgo protection against creditors until #5Nov
OFAC maintains protection over Citgo by preventing the PDVSA 2020 bonds from being traded, despite the fact that a U.S. court has already approved an auction.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury reported on September 16, 2026, that it authorizes, starting November 5 of this year, all transactions related to the bond of Petróleos de Venezuela, S.A. (PDVSA) 2020.
Consequently, the U.S. entity extends protection for Venezuela’s property of Citgo for another month and a half, since these securities were placed with 50.1% of the shares of the oil refinery owned by PDVSA as collateral.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury reported on September 16, 2026, that it authorizes, starting November 5 of this year, all transactions related to the bond of Petróleos de Venezuela, S.A. (PDVSA) 2020.
Consequently, the U.S. entity extends protection for Venezuela’s property of Citgo for another month and a half, since these securities were placed with 50.1% of the shares of the oil refinery owned by PDVSA as collateral.
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Continental Resources Company signed a memorandum of understanding with PDVSAContinental Resources was founded by the oil billionaire Harold Hamm, who is known for using hydraulic fracturing to extract shale oil.
On Wednesday, September 16, 2026, the Continental Resources company, based in Oklahoma City in the USA, signed a memorandum of understanding with Petróleos de Venezuela S.A. (PDVSA) to invest in the Caribbean nation during the G20 energy summit being held in the city of Houston.
Continental Resources Company signed a memorandum of understanding with PDVSA
Continental Resources was founded by the oil billionaire Harold Hamm, who is known for using hydraulic fracturing to extract shale oil.
On Wednesday, September 16, 2026, the Continental Resources company, based in Oklahoma City in the USA, signed a memorandum of understanding with Petróleos de Venezuela S.A. (PDVSA) to invest in the Caribbean nation during the G20 energy summit being held in the city of Houston.
On Wednesday, September 16, 2026, the Continental Resources company, based in Oklahoma City in the USA, signed a memorandum of understanding with Petróleos de Venezuela S.A. (PDVSA) to invest in the Caribbean nation during the G20 energy summit being held in the city of Houston.
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OFAC loosens Pdvsa but bans crypto: the new map for Venezuelan P2PWashington moved another piece on the energy board and, as almost always, the blast wave reaches the Venezuelan parallel market. On September 14, the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department issued **General License No. 52C**, a text that replaces 52B and expands legal breathing room so that U.S. companies can do business with Petróleos de Venezuela (Pdvsa) and its subsidiaries with at least 50% ownership capital.
## What the 52C really enables
OFAC loosens Pdvsa but bans crypto: the new map for Venezuelan P2P
Washington moved another piece on the energy board and, as almost always, the blast wave reaches the Venezuelan parallel market. On September 14, the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department issued **General License No. 52C**, a text that replaces 52B and expands legal breathing room so that U.S. companies can do business with Petróleos de Venezuela (Pdvsa) and its subsidiaries with at least 50% ownership capital.
## What the 52C really enables
## What the 52C really enables
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Oil Spills in Maracaibo: the Environmental Blow That Also Shakes the EconomyThe Azul Environmental Foundation has once again sounded the alarms in Zulia. According to the organization, oil spills and gas leaks along the eastern coast of Lake Maracaibo have multiplied in recent months, just as the country’s oil activity regains momentum with the heat of the energy agreements signed with the United States. The complaint, led by Yohan Flores, points directly to PDVSA, which is why it is described as a prolonged institutional silence and a lack of contingency plans to contain the spilled material and seal the leaks.
Oil Spills in Maracaibo: the Environmental Blow That Also Shakes the Economy
The Azul Environmental Foundation has once again sounded the alarms in Zulia. According to the organization, oil spills and gas leaks along the eastern coast of Lake Maracaibo have multiplied in recent months, just as the country’s oil activity regains momentum with the heat of the energy agreements signed with the United States. The complaint, led by Yohan Flores, points directly to PDVSA, which is why it is described as a prolonged institutional silence and a lack of contingency plans to contain the spilled material and seal the leaks.
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Analysis: Venezuela seeks to go from being one of the largest reserves to being a major producer of oil
Héctor Obregón, president of Petróleos de Venezuela S.A. (PDVSA), highlighted that Venezuela has 303.000 billion barrels of oil underground, but «it is necessary to monetize these resources and it is important to increase production».
The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, pointed out that the purpose of the Hydrocarbons Engine and the Venezuelan state oil company is for the nation to move beyond the condition of being only a large oil reserve and become an active major producer of hydrocarbons.
Analysis: Venezuela seeks to go from being one of the largest reserves to being a major producer
of oil
Héctor Obregón, president of Petróleos de Venezuela S.A. (PDVSA), highlighted that Venezuela has 303.000 billion barrels of oil underground, but «it is necessary to monetize these resources and it is important to increase production».
The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, pointed out that the purpose of the Hydrocarbons Engine and the Venezuelan state oil company is for the nation to move beyond the condition of being only a large oil reserve and become an active major producer of hydrocarbons.
Héctor Obregón, president of Petróleos de Venezuela S.A. (PDVSA), highlighted that Venezuela has 303.000 billion barrels of oil underground, but «it is necessary to monetize these resources and it is important to increase production».
The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, pointed out that the purpose of the Hydrocarbons Engine and the Venezuelan state oil company is for the nation to move beyond the condition of being only a large oil reserve and become an active major producer of hydrocarbons.
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Gilinski-GeoPark agreement for the Bare field: new momentum for the economy and the dollar?This Friday, Grupo Gilinski and GeoPark formalized an agreement with PdVSA for the development of the Bare field, in the Orinoco Oil Belt. An agreement that, according to its protagonists, is not just a business deal, but “a declaration of confidence in Venezuela’s future.” For PitbullChain, what matters goes beyond the barrel: it is about a symptom of what is to come in terms of dollar inflows, inflationary pressure, and the behavior of the cryptocurrency and P2P market.
## Why does the Bare field matter?
Gilinski-GeoPark agreement for the Bare field: new momentum for the economy and the dollar?
This Friday, Grupo Gilinski and GeoPark formalized an agreement with PdVSA for the development of the Bare field, in the Orinoco Oil Belt. An agreement that, according to its protagonists, is not just a business deal, but “a declaration of confidence in Venezuela’s future.” For PitbullChain, what matters goes beyond the barrel: it is about a symptom of what is to come in terms of dollar inflows, inflationary pressure, and the behavior of the cryptocurrency and P2P market.
## Why does the Bare field matter?
## Why does the Bare field matter?
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PDVSA seeks more production: what impact does it have on the dollar and P2P?Venezuela has beneath its soil one of the planet's largest oil treasures: 303.000 billion barrels. However, for years that potential has been only a statistical promise. Now, PDVSA president Héctor Obregón says the country wants to make the leap from being a huge reserve to becoming an active and leading producer. But beyond the oil industry, this news is raising alarms in the Venezuelan financial ecosystem, especially in the P2P world and the cryptocurrency market.
PDVSA seeks more production: what impact does it have on the dollar and P2P?
Venezuela has beneath its soil one of the planet's largest oil treasures: 303.000 billion barrels. However, for years that potential has been only a statistical promise. Now, PDVSA president Héctor Obregón says the country wants to make the leap from being a huge reserve to becoming an active and leading producer. But beyond the oil industry, this news is raising alarms in the Venezuelan financial ecosystem, especially in the P2P world and the cryptocurrency market.
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