A Colombian-Venezuelan businessman faces US charges over alleged corruption involving $2 billion in government contracts for oil, food, and medicine. The transfer highlights intensified cooperation be
U.S. Energy Under Secretary Kyle Haustveit reported that roughly half of Venezuela's oil production is now exported to U.S. refineries. PDVSA officials confirmed rising export volumes and fuel output
Venezuela's oil ministry urged partners of state firm PDVSA to finalize contract migrations by July 28 under a new legal framework. Major energy companies including Chevron, Repsol, and Eni are accele
Venezuela's interim government enacted regulations ending PDVSA's monopoly, allowing private sector participation in oil refining and distribution. The move seeks urgent investment as US sanctions eas
Despite U.S.-backed reforms, global investors hesitate to enter Venezuela's oil, chemical, and pharmaceutical sectors due to legal uncertainty and infrastructure deficits. Detentions of PDVSA workers
ChemBrief