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Petroleos de Venezuela Newsletter
  • Title: PDVSA’s Shift to USDT: Navigating Sanctions with Digital Assets 23 Apr 2024 18:09 GMT

    … For the past year, PDVSA has been transitioning its oil … to penalties. Venezuela’s PDVSA is exploring digital assets like … A contractual framework by PDVSA now requires 50% of the … Conclusion The recent actions by PDVSA highlight the increasing use of …

  • PDVSA to raise the usage of Tether stablecoin 23 Apr 2024 15:26 GMT

    … has allowed the customers of PDVSA, as well as suppliers … clamp down on transactions. Behind PDVSA’s inclination for USDT lies … end of quarter one, PDVSA had managed to transform a … under any trade compliance office, PDVSA, along with its trading associates …

  • Venezuela’s Oil Giant PDVSA Turns to Crypto amidst Heightened Sanctions 23 Apr 2024 14:45 GMT

    … US Treasury Department instructed PDVSA’s customers, including buyers … by transitioning to crypto, PDVSA aims to sustain its … Prepayment Reuters reported that PDVSA had recently begun accepting … towards crypto adoption by PDVSA highlights Venezuela’s …

  • Ten Charged in US Accused of Aiding Venezuela's PDVSA 23 Apr 2024 12:05 GMT

    … for breaching sanctions against Petróleos de Venezuela SA (PDVSA), one of them … the accused work with PDVSA, including George Clemente Semerene … Venezuelan military and a PDVSA air transport manager; … tasked with procurement at PDVSA. Four other indictees …

  • Canada Gas Firm Bags Venezuela Contracts but Stumbles on US Sanctions 25 Apr 2024 16:37 GMT

    … .A., a subsidiary of Petroleos de Venezuela S.A. (‘PDVSA’), the Venezuelan national oil … of the LNG Energy Group-PDVSA agreement, the Biden administration announced … of Venezuela, including creditors of PdVSA Entities, for the purpose of …

  • Venezuela to Monitor Bancamiga on PDVSA Corruption Ties 22 Apr 2024 19:00 GMT

    … on ties to fraud at Petroleos de Venezuela SA.  The banking authority said … of lost at state-owned PDVSA, the government’s most important … Detains Former Maduro Confidantes in PDVSA Probe --With assistance from Fabiola …

  • Orlen’s Former Oil Trading Chief Responds to $400 Million Loss 25 Apr 2024 10:03 GMT

    … to sell its oil since Petroleos de Venezuela, the state oil company … .  For its part, PDVSA as the Venezuelan oil … high-ranking official at Petroleos de Venezuela said:  PDVSA has no contract … or the previous one PDVSA conducted an investigation within …

  • LNG Energy Group Announces Signing of Hydrocarbon Productive Participation Contracts in Venezuela 24 Apr 2024 10:30 GMT

    … . (“PPSA”), a subsidiary of Petroleos de Venezuela S.A. (“PDVSA”), the Venezuelan national oil …

  • Venezuela's State Oil Company To Push Crypto Adoption Amid US Sanctions: Report 24 Apr 2024 04:59 GMT

    … state-run oil company Petróleos de Venezuela (PDVSA) is looking to accelerate … sanctions on Venezuela, giving PDVSA customers and providers until … Venezuelan oil sector afloat, PDVSA is planning to increase … 39;s scandal, the PDVSA continues to look into …

  • Venezuela to boost cryptocurrency use amid U.S. sanctions 23 Apr 2024 19:51 GMT

    … state-run oil company, Petróleos de Venezuela S.A. (PDVSA), plans to increase cryptocurrency … licenses that facilitated oil trades, PDVSA is accelerating its shift towards … for global oil market transactions, PDVSA has progressively transitioned its oil …

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