Tag Archives: Venezuela

The government appears to be hoping the petro will offset a collapse in Venezuela’s currency.

Venezuelan crude exports to the U.S. fell last month to their lowest levels since January 2003.

Venezuela is ordering its embassies around the world to renegotiate rents at their diplomatic missions.

Maduro affirmed that the year 2018 will be a break from the oil model towards other economic sectors.

The reforms. however. must not affect daily oil production in any negative way.

PVDSA'.s bonds represent 30 percent of Venezuela'.s external debt -- estimated to be around $150 billion.

Venezuela injects most of the natural gas it produces back into oilfields to help maintain pressure and crude output.

Oil sales generate 96 percent of Venezuela'.s hard currency earnings.

Lebanon. Egypt. Pakistan and Bahrain — haven’t recorded a default event since their independence.

In 2015. PDVSA sought to sell Citgo but was unable to find a buyer.