Oil has long been the mainstay of Venezuela's economy Venezuela's battered economy is one of the key battlegrounds in Sunday's presidential election, with President Nicolás Maduro hoping to ...

In addition, he stated that concessions for oil, gas, and mining operations should be issued forthwith. During the government meeting, Maduro held up a 'new map of Venezuela', on which the ...

Venezuela has the largest oil and gas reserves in the world, but produces hardly any of it. The decision to do so is up to the government. If it does nothing, Venezuela's oil might stay in the ...

For its part, state oil company PDVSA reported a 998,000 bpd output in December, up from 960,000 bpd the prior month. Venezuela’s crude and byproduct exports receded to 756,000 bpd last month from a ...

VEPICA provides services to oil operations in Venezuela and internationally ... as he shows me a map of the world. One of the latest is with the Refineria di Korsu in Curaçao, where they provide ...

Venezuela’s flagship oil blend, Merey, maintained a stable price of US $59.58 per barrel during this period. While Venezuela managed to boost its exports, the country’s oil sector continues to ...

Venezuela's National Assembly Thursday passed a law creating a new region in the oil-rich Essequibo territory ... which is to be added to the country's official maps. The law establishes that ...