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pdvsa

Debate in Trinidad's Parliament: Dragon - Guiria - Point Fortin pipeline part of deal with Venezuela Anonymous Fri, 10/13/2023 - 14:23

Further to media announcements in late September about development of Dragon Field by Trinidad and Venezuela, the Maduro government is yet to give any indication as to what was signed and how the deal, which has to comply with U.S. Treasury's sanctions, will structure a non-cash paying mechanism to Venezuela. Deals of this nature signed by the Executive only become official, as far as current Venezuelan law is concerned, once Congress approves and orders publication in Official Gazette. That is yet to happen.

Maduro's "anti corruption" drive: exhibit Latif Petrol Anonymous Wed, 07/26/2023 - 18:58

An "anti graft" drive was launched by Nicolas Maduro in March this year, after "realising" that Tareck El Aissami was, like all its predecessors, looting PDVSA and billions of dollars were unaccounted for. El Aissami was removed and hasn’t been seen since. Pedro Tellechea, PDVSA's new CEO, is meant to be driving a clean up operation that won't leave a stone unturned in its "fight against corruption". For instance, Wilmer Ruperti's petcoke contracts have been scrutinised.

Does Venezuela really have world's largest oil reserves? Anonymous Mon, 06/05/2023 - 05:16

The claim that Venezuela had the "world's largest oil reserves" went viral during Hugo Chavez's presidency. It is a very convenient claim, from a geopolitical and economic viewpoint. It somehow makes the country more relevant. Chavez nurtured and repeated the legend every time he could. It became one of those revolutionary mantras that everyone regurgitates without question, like the lie that Venezuela was declared an "illiteracy free territory" by UNESCO.

Llorca and Salazar united in Spain's and Venezuela's largest corruption schemes. Anonymous Fri, 05/26/2023 - 07:17

Take a look at this Ponzi scheme: it is said to be Spain's largest, €3 billion that belonged to 300,000 people vanished.

Alessandro Bazzoni reportedly behind United Petroleo: where does that leave Luis Giusti? Anonymous Fri, 04/14/2023 - 04:21

El Nacional reported yesterday, without giving much detail, that Alessandro Bazzoni is the ultimate beneficiary owner of United Petroleo, a Panamanian shell that has been lifting hundreds of millions of dollars worth of PDVSA crude in the recent past.

Nicolas Maduro sold Nynas to mistery buyer? Anonymous Tue, 03/28/2023 - 10:35

A ruling from Judge Leonard P.  Stark of U.S. District Court in Delaware (case Rusoro Mining Ltd. v. Bolivarian Rep. of Venezuela, 21-mc-00481-LPS) claims that Juan Guaidó had objected to the sale by Nicolas Maduro's regime of a 35% stake that PDVSA had in Nynas. This site has covered extensively Nynas's reorganisation process.

Nicolasito's friends elbow Betancourt & Russian partners from Petrozamora Anonymous Sat, 03/11/2023 - 11:20

Brothers Ricardo and Santiago Moron Hernandez, proxies for Nicolas Ernesto Maduro Guerra (son of Nicolas Maduro) have elbowed Alejandro Betancourt, fugitive Francisco Convit and their FSB associates from Petrozamora.

Luis Giusti's pathetic spectacle in Curaçao Anonymous Thu, 02/23/2023 - 10:06

Since Joshua Goodman blew the lid off OFAC-busting shenanigans that were taking place between Venezuela, Curaçao and a bunch of shell companies in Panama, Luis Giusti's international standing has been in free fall. To recap: "Colon (IMO 9503574) lifted 600,000 barrels of fuel oil from PDVSA's Amuay and delivered to Isla refinery on September 28th 2022.

Trinidad is not going to produce gas in Venezuela's Dragon field anytime soon Anonymous Sat, 02/04/2023 - 08:11

Reuters reported days ago that U.S. Treasury had granted a license to Trinidad & Tobago to develop, manage, and market gas produced in Venezuela's Dragon Field. Trinidad's National Gas Company (NGC), Petroleos de Venezuela (PDVSA) and Shell would expectedly be jointly in charge of development, production, operational and marketing aspects. Payment -for such gas- would be made by Trinidad & Tobago to Venezuela in humanitarian aid.