Venezuela

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

Venezuela's Perla discovery keeps shining more brightly. Energy and Petroleum minister Rafael Ramírez said on November 3 that the offshore gas discovery, the country's largest-ever... 2010-11-04

Venezuela hopes to bring first output from the Orinoco extra-heavy crude belt onstream in 2011, the country's oil minister said on October 27 2010.

The Venezuelan government is considering a draft law that would ease efforts to further nationalise the country's oil services sector, according to an October 19 Reuters report.

Venezuela has agreed to supply 30mn tonnes of crude oil to Belarus over 2011-2014, equivalent to around 200,000 barrels per day (b/d).

British major BP has inched closer to its US$30bn divestment target with the sale of its Venezuelan and Vietnamese assets to its Russian joint venture (JV) TNK-BP for US$ 1.8bn.

Venezuelan refined product exports fell by nearly a third in September to only 317,933 barrels per day (b/d). The decline in exports was due to problems with the country's infrastructure,... 2010-10-14

The latest events in the Venezuelan energy sector demonstrate the dichotomy between ideology and pragmatism in Chávez's economic policy.

British major BP has received a green light from the Venezuelan government to start talks over the sale of its assets in the country, Reuters reported on September 26.