Venezuela

China has agreed to provide Venezuela with US$20bn for energy and infrastructure projects in one of the largest ever oil-for-loans deals in Latin America. In return for Beijing's... 2010-04-19

A Japanese company has offered Venezuela a US$1bn loan to develop the large Mariscal Sucre offshore gas project, energy minister Rafael Ramírez told Venezuelan media on April 7.... 2010-04-08

State-run Petróleos de Venezuela (PdVSA) may be forced to abandon its refinery on the Caribbean island of Curaçao because of the US military presence on the Dutch-governed territory,... 2010-03-01

India's state-owned Oil and Natural Gas Corporation (ONGC) has said that it will invest between US$25bn and US$30bn over the next 10 years in an effort to expand its overseas oil... 2010-02-16

Venezuelan exports of oil products are expected to fall in 2010 owing to greater domestic demand, energy minister Rafael Ramírez told Reuters on February 12.

Venezuela has awarded two out of three of the licences on offer in the Carabobo heavy oil licensing round to two consortia. A Repsol YPF-led consortium has been granted rights to... 2010-02-11

French major Total announced on February 9 that it will invest US$70mn to drill a natural gas exploration well at its Incahuasi Block in southern Bolivia.

The long-awaited Carabobo heavy oil licensing round in eastern Venezuela has attracted bids from two well-heeled consortia, raising the country's socialist government's hope of finally... 2010-01-29

Italy's Eni and Venezuela's state-owned Petróleo de Venezuela (PdVSA) have signed three strategic agreements: a contract for the development of the Junín 5 block in the... 2010-01-27

The finalisation of a deal that would see Venezuela's state-run Petróleos de Venezuela (PdVSA) acquire a 49% stake in the 34,000 barrel per day (b/d) Haina refinery in the Dominican... 2010-01-25