Venezuela's National Assembly approved major changes to oil laws, giving foreign companies more control and allowing lower royalties. The reforms reverse parts of earlier nationalisation, follow eased US sanctions, and aim to revive the oil sector, though critics warn of long-term risks.
Caracas [Venezuela], Feb 10 (ANI): Venezuela's state-run oil company Petroleos de Venezuela (PDVSA) on Saturday announced that it is planning to confiscate American officials, members of the board of directors at the company’s subsidiary located in the United States, Citgo Petroleum Corp, so
Miranda [Venezuela], Dec 14 (ANI): A blast at an LPG dispensing station belonging to Petroleos de Venezuela (PDVSA) resulted in the death of two individuals, while six others sustained injuries.
New Delhi [India], Nov.10 (ANI): ONGC Videsh Limited (ONGC Videsh) and Petroleos De Venezuela S.A. (PDVSA) through their relevant subsidiaries signed two definitive agreements for facilitating redevelopment of the San Cristobal joint venture project in Venezuela on November 4.