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Unitary Federation of Petroleum and Gas Workers (Spanish: Federación Unitaria de Trabajadores de Petroleo y Gas, FUTPV) is the main national labor union of workers in the petroleum and gas industries in Venezuela. It represents over 67,000 workers, including most workers of PDVSA.
Venezuela also has 150 trillion cubic feet (4.2 × 10 12 m 3) of natural gas reserves. The crude oil PDVSA extracts from the Orinoco is refined into a fuel eponymously named 'Orimulsion'. [12] PDVSA has a production capacity, including the strategic associations and operating agreements, of 4 million barrels (640,000 m 3) per day (600,000 m 3).
Over a hundred employees at Venezuela's state oil company PDVSA, plus others in the oil ministry and parts of the public sector, have been forced to resign over their political views since last ...
The Coordinadora Democrática, led by the business federation Fedecámaras and the trade union federation Confederación de Trabajadores de Venezuela (CTV), called for a fourth paro cívico, which turned out to be the most serious, and is known as the 2002–2003 oil strike, to begin on 2 December 2002.
Crude production by PDVSA and its joint ventures has fallen to about a third of its peak 20 years ago. The steepest fall has occurred since military officials with no oil industry experience took ...
Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the South American country could disrupt their operations, three ...
Pedro Rafael Tellechea Ruiz (born 5 November 1975) is a Venezuelan military officer, politician, and mechanical engineer, who has held high government positions as Minister of Popular Power for Petroleum and President of Petróleos de Venezuela (PDVSA). In addition, from 2020 until 2023, he held the presidency of Petroquímica de Venezuela. [2 ...
(Reuters) - U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the ...