Pdvsa

The company received €53 million in 2021 after being considered ‘strategic’ by the Spanish government. The CEO and president have now been arrested as part of a larger operation

The multinational intends to produce 1.2 million barrels per day in the short term

The Maduro government is threatening to take legal action against what it considers a violation of international trade laws

The slight economic growth of recent years could be hampered by fiscal imbalances

The minister, arrested for allegedly leaking information to a company linked to the US intelligence services, was praised for his work at state oil company PDVSA

A US court denies Maduro’s arguments to recover the oil company, which was poorly managed by both Chavismo and the opposition. The deadline for submitting offers ended last week

The former attorney for the state-owned energy corporation handled $25 million through a web in Panama, Switzerland and Andorra. He and his wife also bought luxury homes in Madrid and Caracas

PDVSA, the country’s main source of income, has been plundered by decades of corrupt and incompetent management

The group of Chavista leaders who plundered the energy sector treated themselves to a high standard of living. New documents reveal exorbitant expenses on decoration ($7 million), hotels ($1.8 million) and cooking courses ($430,690)... All paid for with money embezzled from — or kickbacks related to — PDVSA

A group of former Chávez government vice-ministers used funds stolen from Venezuela’s state oil company to hire a personal coach for $120,000, buy $123,900 of luxury tableware, and planned to purchase a $350,000 Ferrari

Irfaan Ali spoke a day after Venezuelan President Nicolás Maduro said he would “immediately” grant operating licenses for exploration and exploitation in Essequibo region

Washington’s decision to lift sanctions on Caribbean country’s oil sector has improved growth forecasts

The network that plundered the state-owned Petróleos de Venezuela (PDVSA) used a series of shell companies to acquire 19 exclusive properties in the oil-rich South American country, along with iconic luxury units in Miami

The frontman of the plot, Luis Mariano Rodríguez Cabello, bought a luxury property in Caracas for the model Claudia Paola Suárez and acquired a $5.3 million home for himself in Miami

Venezuelan businessman Diego Salazar – the cousin of former minister Rafael Ramírez – accumulated a personal art collection of 67 works. He did this while leading a plot to money-launder $2 billion in Andorra, which he and his fellow Chavistas embezzled from Petróleos de Venezuela (PDVSA)

A company controlled by Rocío del Valle Maneiro signed a contract worth more than $14 million with a group of Venezuelan politicians, who are being investigated for corruption. The plot also had a former senior security official from Caracas on the payroll: it paid him $1.6 million

The expansion of multinational licenses for oil exploration have brought much-needed funds to the bankrupt Venezuelan treasury. However, serious bottlenecks persist, due to international sanctions and the collapse of the credit system

Brazil’s sales grow by a third, Mexico’s increase almost 50% and Colombia quadruples its shipments. Venezuela, Ecuador and Trinidad and Tobago went from not selling any last year to reaching the Spanish market

The authorities of the tiny European country are withholding illicit funds that were deposited by 21 Venezuelan individuals into Andorran banks. These former vice-ministers – who served under Hugo Chávez – allegedly took bribes from subcontractors hired by PDVSA, the state-owned oil company

Staunch heirs of the Hugo Chávez movement aim to recapture legitimacy through a radical public house cleaning

Vadell’s lawyers allege Citgo lured him and the other executives, who became known as the Citgo 6, as part of a scheme to be used as “political pawns”