Treasury Sanctions Venezuela’s State-Owned Oil Company …
Washington – Today the Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 for operating in the oil sector of the Venezuelan economy.
Blast at Venezuela’s PDVSA Natural Gas Pipeline Halts Output
2 days ago · By Bloomberg News. November 11, 2024 at 2:28PM EST. (Bloomberg) -- An explosion at a key natural gas production facility run by Venezuela’s state owned company Petroleos de Venezuela has shut more than 60% of fuel supply to the country. The explosion at a compression hub Monday morning injured three people and caused oil processing to be ...
Exclusive: Middlemen have left Venezuela's PDVSA with $21.2 …
HOUSTON, March 21 (Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens...
ConocoPhillips Secures Court Approval to Seize PDVSA Payments
Sep 30, 2024 · ConocoPhillips (COP), the U.S. oil giant, has achieved a significant legal victory in its long-standing battle to recover compensation from Venezuela’s state-owned oil company, PDVSA.
Venezuela’s PDVSA Ordered by US Court to Pay Defaulted Notes
Sep 20, 2023 · Venezuela’s state-controlled oil company can’t use US sanctions as an excuse for not paying what it owes on $348 million in defaulted debt, a federal appeals court in New York ruled.
US Seeks to Revive Indictment Over PDVSA Bribes at Fifth Circuit
Oct 6, 2023 · Federal prosecutors sought to convince the Fifth Circuit at oral arguments on Friday that the government didn’t violate the rights to a speedy trial of a foreign national accused of conspiring to bribe Petróleos de Venezuela SA officials.
PDVSA begins U.S. trial over claim sanctions prevented debt payments
Sep 21, 2021 · Venezuelan state oil company PDVSA will make its case at a U.S. trial beginning on Tuesday that it is not liable for nearly $150 million in debts owed to a unit of Siemens Energy because U.S....
Ten Charged and One Arrested in Connection with Sanctions …
Apr 22, 2024 · The Justice Department today announced the unsealing of an indictment charging 10 defendants with conspiring to violate the International Economic Emergency Powers Act (IEEPA) for their roles in a scheme to evade U.S. sanctions imposed on Petróleos de Venezuela, S.A. (PDVSA), the Venezuelan state-owned oil company, in January 2019.
U.S. reconsiders Venezuela oil sanctions as deadline approaches : NPR
Apr 16, 2024 · It slapped sanctions on Venezuela's state-run oil company, known as PDVSA, which effectively prevented it from selling petroleum to the United States — Venezuela's biggest customer. Along with...
U.S. Extends License For Transactions With Venezuela's PDVSA
May 10, 2024 · The United States has extended a general license through November 15, allowing certain transactions with Venezuelan state oil company PDVSA that are necessary for wind-down operations,...