HOUSTON, May 16, 2013 — CITGO Petroleum Corporation, an indirect wholly owned subsidiary of Petrόleos de Venezuela, S. A. (PDVSA), has declared a $461 million dividend to its parent for the first quarter of 2013.
Later this month, from May 27-30, Caracas will host a conference of the Union of South American Nations (UNASUR) on natural resources and integral development in the region.
Petróleos de Venezuela (PDVSA), the country’s state-owned oil company, was the fifth biggest in the world in 2012 according to an annual review by Petroleum Intelligence Weekly (PIW) magazine. This study encompasses criteria such as oil reserves, production, refining and…
Heads of state from countries attending the 12th PetroCaribe Summit last Sunday signed new cooperation accords including one initiative to create a PetroCaribe Economic Zone.
Oil and Mining Minister Rafael Ramírez reiterated Thursday his appeal to the Venezuela’s private sector to participate in the productive projects of the “Sowing the Oil” plan.
Venezuela’s minister for electricity, Jesse Chacón, said Wednesday that the government’s plan to strengthen the electricity system expects to increase the capacity of the grid by 1000 MW in the next 100 days.
The private sector in Venezuela has achieved greater participation in oil industry projects around the country, which indicates an increased role for ventures between the state and private companies in the coming years, said the president of the Oil Chamber…
The president of the Bolivarian Republic of Venezuela, Nicolas Maduro, announced Monday that a decree would be published Tuesday creating the Great Energy Mission (Gran Misión Eléctrica Venezuela), a new program to promote the transformation of the electricity system…
Venezuela’s Supreme Court of Justice (TSJ) has repealed a provisional measure that had blocked the execution of the Draft Ruling on the Regulation of Use of the El Caura Forest Reserve in the southern state of Bolívar, Venezuela. This means…
Venezuela has reduced its deforestation rate by 47.3% due to the government’s eco-socialist policies of the past 14 years.