PDVSA

KEY POINTS American oil major ExxonMobil has signed a memorandum of understanding (MoU) with Venezuela’s state-owned oil company, Petróleos de Venezuela (PDVSA), to assess potential investment opportunities in the country’s …

About half of Venezuela’s oil output now goes to the United States, with refineries taking more than 500,000 barrels a day, a US official says.

Venezuela’s oil industry is on the rise after Chevron restarted drilling operations. This follows the US easing sanctions on Venezuelan oil in October 2023. The new drilling program is expected …