Venezuelan dictator Nicolás Maduro claimed on Wednesday that his country had just under three weeks’ worth of gasoline left, blaming the shortages on a supposed terrorist attack against an oil refinery in Falcón state.
Venezuelan dictator Nicolás Maduro declared a “state of emergency” at the state-run oil company Petroleum of Venezuela (PDVSA) this week, warning that he needed to protect the country’s energy industry from escalating “imperialist aggression.”
The oil-rich nation of Venezuela is producing its lowest output of oil in 75 years, according to the petroleum economist and professor at the prestigious Central University of Venezuela Rafael Quiroz.
The CEO of Brazilian state-run oil giant Petrobras warned on Tuesday that the recent oil spills washing up on beaches along more than 1,240 miles of Brazil’s northeastern coastline may be the worst environmental incident in the country’s history.
Motorists in Venezuela have started paying for gasoline with items such as cigarettes and candy bars due to the worthlessness of the country’s bolivar currency, a report revealed Tuesday.
The queue for gasoline in Western Venezuela attracted 700 people by dawn on Sunday, as widespread fuel shortages continue to plague the crisis-stricken nation yet oil-rich nation.
The socialist regime in Venezuela is managing to avoid U.S. sanctions by funneling oil through Russian state energy giant Rosneft, an exclusive report by Reuters detailed on Friday.
Venezuela’s vital oil industry is on the brink of total collapse following a nationwide blackout that has further deepened the country’s economic and humanitarian crisis, the International Energy Agency warned this weekend.
Fuel shortages in the oil-rich country of Venezuela continue to worsen as mass resignations at the state oil company’s tanker fleet cause the delay gasoline shipments
The head of Russian oil company Rosneft, Igor Sechin, traveled to Venezuela this week for meetings with socialist dictator Nicolás Maduro to complain about delayed oil shipments designed to repay loans, Reuters reported Sunday.
International oil experts have warned that Venezuela’s production is in “free fall” and could soon fall as low as under one million barrels per day as a result of the socialist country’s severe economic crisis.
Venezuela’s state-run oil company Petroleum of Venezuela (PDSVA) is reportedly experiencing a mass labor shortage following the resignation of thousands of employees.
Secretary of State Rex Tillerson has opened the possibility of the U.S. blocking imports of Venezuelan oil in an attempt to increase pressure on Nicolás Maduro’s ruling socialist dictatorship.
One of China’s largest state-owned companies has filed a lawsuit against the Venezuelan state-run oil firm Petroleum of Venezuela (PDSVA) over their failure to pay their debt, the Financial Times first reported.
Authorities in Venezuela have arrested two key officials from the company’s state-run oil company on alleged corruption charges, as socialist dictator Nicolás Maduro continues to tighten his grip on the industry and the country as a whole.
The Venezuelan military is set to take control of the company’s troubled state oil company after socialist dictator Nicolás Maduro appointed a leading military general to take charge.