Italian oil giant’s vessel is scheduled to load at PDVSA’s Jose port in the coming days according to the Venezuelan state oil company’s document.
Biden administration authorises US oil company Chevron to open talks with Maduro's government, temporarily lifting a ban on such discussions, senior administration officials say.
After a political stalemate of three years that has seen economic and social conditions in Venezuela deteriorate, Washington wants to encourage President Nicolas Maduro to negotiate with his opponents.
A Venezuela judge sentenced five employees of Houston-based CITGO to prison terms of 8 years and 10 months, while one of them received a 13-year sentence after finding them guilty of corruption charges.
The 14-member Organization of the Petroleum Exporting Countries pumped 30.17 million barrels per day (bpd) in May, the survey showed, down 60,000 bpd from April and the lowest OPEC total since 2015, Reuters survey shows.
Venezuela's self-proclaimed president, Juan Guaido, ordered Congress to change leadership at the state oil company PDVSA, following US sanctions on the oil sector.
A decade after its assets were nationalised in Venezuela, the oil giant has obtained court orders allowing it to seize some of the Caribbean assets of the troubled South American country's state oil company.
Former oil minister Eulogio del Pino was arrested along with the ex-chief of state oil company PDVSA Nelson Martinez for "intentionally altering oil production figures."
Rating firms S&P and Fitch declared Venezuela in “selective default” after it failed to make $2.2 billion in payments on four global bonds. But Maduro government insists it is making debt payments.
Venezuelan President Nicolas Maduro’s statement came as the country holds talk with its creditors aiming to restructure about $60 billion debt.
Venezuela calls the move an effort to free the socialist-run country from the "tyranny of the dollar," echoing a plan recently announced by President Nicolas Maduro.
Venezuelan President Nicolas Maduro says his country will start selling its oil in other currencies such as the Chinese yuan, the Japanese yen, the Russian ruble and the Indian rupee.
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