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Cutouts depicting images of oil operations are seen outside a building of Venezuela's state oil company PDVSA in Caracas, Venezuela.

Venezuela shifts oil ventures’ accounts to Russian bank

10 February 2019, 8:21 AM

Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.


Citgo, the last gem of Venezuela’s collapsed oil sector

30 January 2019, 8:19 AM

US sanctions imposed against Venezuela this week have cut off the final “gemstone” of the country’s collapsed oil sector.



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