Search results
Results from the WOW.Com Content Network
Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
Major banks have stopped trading the bonds of Venezuela's state- owned oil firm PDVSA for clients after the United States imposed sweeping sanctions on the firm, according to fund managers. The ...
Venezuelan dollar bonds and those of PDVSA tumbled on the cancellation news, with Venezuela's 2027 maturity down 2.25 cents, last bid at 19.75 cents on the dollar. The PDVSA 2020 dropped one cent ...
PDVSA's largest customers, state-run CNPC and PetroChina through wide oil-for-debt deals, have not imported Venezuelan oil since the United States imposed secondary sanctions in 2020, so small ...
Central Bank of Venezuela Building. The Central Bank of Venezuela (Spanish: Banco Central de Venezuela, BCV) is the central bank of Venezuela.It is responsible for issuing and maintaining the value of the Venezuelan bolívar and is the governing agent of the Venezuelan Clearing House System (including an automated clearing house).
In 2018, Venezuela's debt grew to US$156 billion [87] and as of March 2019, its reserves had dropped to US$8 billion. [88] With the exception of PDVSA's 2020 bonds, [89] as of January 2019, all of Venezuela's bonds are in default, [90] and Venezuela's government and state-owned companies owe nearly US$8 billion in unpaid interest and principal ...
Advisors to Venezuelan opposition leader Juan Guaido plan to file a lawsuit in a New York court on Tuesday requesting that state oil company PDVSA's 2020 bond be declared null, two sources with ...
The U.S. Treasury Department said the Cabello brothers had "approved a money laundering scheme based on illicit financial activities targeting the Venezuelan state-owned oil company Petroleos de Venezuela, S.A. (PDVSA)." [43] The U.S. Treasury Department seized a private jet and imposed sanctions on Maduro's inner circle in September.