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The Latest Breaking News from PDVSA

Venezuela arrests 21 in corruption crackdown, 11 more wanted

An expanding anti-corruption probe in Venezuela has led to the detention of 10 officials and 11 businessmen, the country's attorney general said on Saturday, adding that arrest warrants for 11 more people have been issued.

Reuters

Venezuela need for dollars helped spark PDVSA graft probe -sources

Venezuela's need for dollars to shore up its exchange rate and enable government largesse ahead of 2024 elections is among the motives for a crackdown on alleged corruption at state oil company PDVSA, four sources with knowledge of the matter said.

Reuters

Oil exec held for 5 years in Venezuela sues Citgo for $100M

One of the six oil executives with a Texas-based company who was imprisoned five years in Venezuela is suing his company for $100 million

The Independent UK

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Venezuela president names PDVSA head Tellechea as new oil minister

Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company.

Reuters

Venezuela oil czar in surprise resignation amid graft probes

The man responsible for running Venezuela’s oil industry — the one that pays for virtually everything in the troubled country, from subsidized food to ridiculously cheap gas — has quit amid investigations into alleged corruption among public officials

The Independent UK

Venezuela's oil czar resigns amid corruption investigations

Venezuela’s oil czar has announced his resignation as officials investigate alleged corruption among public officials

The Independent UK

Venezuela's Maduro to replace oil minister, police arrest officials in corruption sweep

Venezuela's President Nicolas Maduro on Monday accepted the resignation of the country's powerful oil minister following the detention of at least six high level officials amid a corruption probe focused on state-run company PDVSA and the judiciary.

Reuters

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Venezuela to Contract for 2 Iran-built Oil Tankers in Challenge to US Sanctions

Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement bedeviled by payment delays and difficulties with needed certifications, Reuters cited people familiar with the matter as saying. This is seen as a challenge to the US sanctions. It comes weeks after the…

Asharq Al-Awsat

Ex-chief of Venezuela’s highest court charged with diverting millions in bribes to Miami

MIAMI —The former chief of Venezuela’s highest court was indicted Thursday in Miami federal court on charges of granting legal favors in exchange for bribery payments that he diverted through local bank accounts and spent on chartered private jets, expensive watches, luxury goods and real estate in South Florida.

Miami Herald

Trinidad offers to pay for Venezuelan gas with humanitarian supplies

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro.

Reuters

Venezuela owes over $20 million to law firms on guarding overseas assets

Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more than 15 years ago, according to a document seen by Reuters.

Reuters

Venezuelan president names new head of PDVSA, foreign minister

Venezuelan President Nicolas Maduro on Friday named the new head of state oil company PDVSA as Pedro Rafael Tellechea and said Yvan Gil Pinto would become the country's new foreign minister.

Reuters

Fire halts Venezuela's Petromonagas coking plant -sources

A fire halted operations on Wednesday at a coking plant of Petromonagas, a joint venture of the state oil companies of Venezuela and Russia, four sources told Reuters, adding that no one was injured.

Reuters

Venezuela opposition vote to remove Guaido's interim government

Venezuela's political opposition to the ruling Socialists voted on Thursday by a wide margin to remove the interim government led by Juan Guaido, as they seek a united front ahead of presidential elections tentatively scheduled for 2024.

Reuters

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Reuters

Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Reuters

Ex-U.S. lawmaker arrested for conspiring to act as agent of Venezuela

Former U.S. lawmaker David Rivera was arrested on Monday on charges of conspiring to launder money and to illegally act as an agent of the Venezuelan government, according to a U.S. official and an indictment.

Axios

U.S. gives Chevron go ahead to pump oil in Venezuela again

The license signals an opening for other oil companies to resume their business in Venezuela.

The Independent UK

Biden eases Venezuela sanctions as opposition talks resume

The Biden administration is easing some oil sanctions on Venezuela in an effort to support newly restarted negotiations between the Venezuelan government and its opposition

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Radio France Internationale

Venezuelan photographer Fabiola Ferrero wins Carmignac Photojournalism Award

Venezuelan photographer, Fabiola Ferrero, won the 12th Carmignac Photojournalism Award for her series Venezuela, The Wells Run Dry, documenting the disappearance of the Venezuelan middle class following the collapse of the oil industry.

Reuters

Venezuela's PDVSA controls fire at small refinery, restarts other plants from outage

A fire caused by a thunderstorm at Venezuela's smallest refinery has been brought under control, a Venezuelan minister said, as the country's largest refining facilities restart following a power outage last week, according to sources.

The Independent UK

Cash is king for sanctioned Russian, Venezuelan oligarchs

Politically connected billionaires from Russia and Venezuela are at the center of a 49-page criminal indictment that reads like a how-to guide on circumventing U.S. sanctions

Reuters

Exclusive-Venezuela's opposition seeks U.S. consultations on Chevron license

Venezuelan opposition leader Juan Guaido asked the United States for details of Chevron Corp's expanded license request to operate in the South American country, according to a letter sent to a senior U.S. official on Monday that also asked to be consulted before any U.S. decisions.

Reuters

Venezuela to seek extradition of former minister in corruption case

Venezuela will seek the extradition of a former top energy official and launched fresh legal action against a former oil minister, who it is also trying to extradite from Europe, the state attorney-general's office said on Friday.

The Independent UK

Venezuela government again accuses ex-oil czar of wrongdoing

The Venezuelan government is again accusing its former oil czar of wrongdoing while he oversaw the country’s most important industry

Reuters

Restoring Chevron operations in Venezuela depends on U.S. -minister

Progress in relaunching oil major Chevron Corp's operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday.

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