Venezuela

Venezuelan national oil company (NOC) Petróleos de Venezuela (PdVSA) is still waiting for the approval of Brazilian Development Bank (BNDES) funding for the Abreu e Lima refinery project,... 2011-03-04

If confirmed, the news that PdVSA has found investors for the long-stalled Mariscal Sucre gas project would mark a major breakthrough as Venezuela looks to transform itself from a gas... 2011-02-16

The completion of Mexico's long-delayed Minatitlán refinery expansion project in Q111 will reduce export volumes of the country's benchmark Maya heavy crude oil blend by 110,000 barrels... 2011-01-27

Venezuela has approved the creation of a joint venture (JV) between state-run Petróleos de Venezuela and Iran's Petropars to develop the mature Dobokubi oil and gas field.

Venezuela's President Hugo Chávez has said that the country is looking into selling state-run Petróleos de Venezuela's US downstream subsidiary Citgo.

In a sign of the ever-deepening energy ties between Caracas and Beijing, Venezuela's oil minister Rafael Ramírez announced on December 2 that state-run Petróleos de Venezuela (PdVSA)... 2010-12-03

British major BP 's divestment programme continues apace. On November 28 the company announced that it had agreed to sell its 60% stake in Argentina's Pan American Energy (PAE) to... 2010-11-29

A unit of China's state-run China National Petroleum Corporation (CNPC) has reportedly won a contract to expand Cuba's Cienfuegos refinery, to develop a power plant and petrochemicals... 2010-11-25

Italian major Eni is set to embark on a major investment programme in Venezuela alongside state-run Petróleos de Venezuela (PdVSA) that will see the companies invest US$17bn to... 2010-11-23

The US could become a net fuels exporter in 2011 as a result of weak domestic consumption and increasing demand in the Latin American refined products market, according to a senior... 2010-11-11