pdvsa

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PDVSA and TotalEnergies sign a memorandum: the fine print that looks at the P2P

Another act at the Miraflores Palace, another signature with an international oil company, and another round of headlines. This Saturday, the head of PDVSA, Héctor Obregón, and the senior vice president for the Americas of TotalEnergies, Javier Rielo, affixed their signatures to a memorandum of understanding between the Venezuelan state company and TotalEnergies E&P New Ventures, a subsidiary of the French group. The document speaks of «strategic cooperation in the hydrocarbons sector,» but it does not include volumes, prices, timelines, or investment amounts. In practice, it is a letter of intent with a diplomatic seal.

Article

US$2,000 million to the Orinoco Belt: the effect the P2P market expects

📊 A big announcement, a long calendar
The U.S. Secretary of Energy, Chris Wright, put numbers on the table: Continental Resources will invest around US$2,000 million in a new well-drilling program in the Ayacucho 2 block, in the heart of the Orinoco Oil Belt. The memorandum with PDVSA was signed during the G20 energy summit in Houston and, according to the official, the plan aims to raise oil and gas production while also expanding export destinations beyond the U.S. market.

🇻🇪 Venezuela plans to reach 1.6 million barrels per day by 2027 with private investment

🇺🇸Chris Wright: Continental Resources will invest US$2.000 million for an oil project in Venezuela

The U.S. energy secretary explained that the agreement signed between Continental Resources and PDVSA will focus primarily on drilling new oil wells.

#PDVSA #EEUU #venezuela #petróleo #oil $CL $BZ

🇻🇪Alí Moshiri, the executive who recommended backing Delcy Rodríguez after Maduro’s capture, feels left out of oil deals

Ali Moshiri, currently CEO of Amos Global Energy, has brought together $2.0 billion from about 15 investors to invest in Venezuelan oil production and infrastructure, at a time when the Trump Administration is pressuring U.S. companies to restart the country’s energy sector. However, the state-owned company Petróleos de Venezuela S.A. (PDVSA) is acting with glacial slowness on its proposals, according to what he said in an interview.

“There’s no process, no sense of urgency,” Moshiri said. He will travel to Caracas this weekend to try to arrange an in-person meeting with PDVSA executives. “We’re willing to fix the situation. It’s vital,” Bloomberg reported.

Neither PDVSA nor Venezuela’s Ministry of Oil and Information responded immediately to requests for comment.

🇻🇪Copernico Recovery Fund warns that Venezuela’s full recovery is directly tied to political transition

Copernico Venezuela Fund, an international investment fund managed by the firm Copernico Capital Partner, warns that despite the expectations generated by oil agreements in Venezuela, the reasons for a political transition in the country have not changed. The firm’s most recent report, prepared by financial advisor and economist Jorge Piedrahita, highlights that mistakes in recent agreements have driven local forces to continue firmly pushing for real change.

#PDVSA #venezuela #petróleo #DelcyRodriguez #TRUMP $BZ $CL

Article

US$2.000 million in limbo: slow PDVSA and the effect on the P2P

📊 A veteran of the harsh conditions was left knocking on the door
Ali Moshiri is not a rookie improvising in the oil business. For years, he managed Chevron’s strategy in Latin America and was a key figure in ensuring the multinational stayed operating in Venezuela during the worst stretches of political unrest. Today he leads Amos Global Energy, a vehicle that has already brought together around US$2.000 million from about fifteen investors with a specific goal: to inject capital into crude production and Venezuela’s energy infrastructure.

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Paraguay acknowledges $300 million debt to PDVSA: P2P reading

Economic diplomacy moved again this week and, although it seems like a dispute between foreign ministries, it has direct repercussions in the pocket of the Venezuelan who trades dollars for bolívares every day. Rubén Ramírez Lezcano, head of Paraguay’s diplomacy, confirmed that his country maintains a debt of close to US$300 million with Petróleos de Venezuela (PDVSA) for crude purchases, but made it clear that he disagrees with the final figure: the amount of the dispute, according to his account, was inflated by interest charges that go beyond the original commercial agreement.

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🇺🇸Dice AXIOS that the King of the North doesn't care what the polls say, nor the pressures within the Republican Party, as long as Delcy Eloína continues to comply.

🇺🇸U.S. Embassy in Caracas

The U.S. company @ContinentalOil and @PDVSA signed a historic Memorandum of Understanding to operate and develop the Ayacucho 2 Block in the Orinoco Oil Belt, which has an estimated 30 billion barrels. This direct investment will provide vital private capital, advanced technology, and technical expertise to the country. Another step toward Venezuela’s economic recovery under the three-phase plan

🇺🇸The Washington Post:

Democratic Senators demanded that Trump provide greater transparency about the destination of Venezuela’s oil revenues

#PDVSA #petróleo #EEUU #TRUMP #venezuela $CL $BZ

Article

OFAC issues a license that enables U.S. entities to conduct operational transactions and

commercials with PDVSA
General License No. 52C states that any export of Venezuelan oil or petrochemical products to countries other than the United States will require reporting to the State Department and the Department of Energy.
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury issued this September 14th General License No. 52C, which replaces LG 52B and expands the flexibility for Petróleos de Venezuela S.A. (Pdvsa).

Article

Eni and PDVSA: US$1,500 million per year that could shake the P2P market

## Eni’s bet on Venezuela
The Italian oil company Eni has decided to stay and go strong in Venezuela. A new agreement with PDVSA for the development of the gigantic Junín 5 project in the Orinoco Belt not only represents a vote of confidence in the country, but also includes investments of up to 1.500 million dollars per year. The goal is ambitious: to increase production from 12,000 to 400,000 barrels per day by 2030, growth of more than 3,000% in just over four years.
For the average citizen, this news may seem far away, but what happens with oil has a ripple effect on the Venezuelan economy and, of course, on the ecosystem of cryptocurrencies and P2P payments. If the agreement is finalized and investment flows in, the inflow of foreign currency could change the behavior of the dollar and, therefore, the demand for USDT as a safe haven and exchange medium.

Article

Oil = more dollars? The PDVSA plan that will move Venezuelan P2P

## An announcement that goes beyond the oil industry
When PDVSA’s executive vice president, Jovanny Martínez, talks about increasing production to 1,300,000 barrels per day by the end of 2026 and to 1,500,000 by 2027, it’s not just a corporate goal. For those of us who live day to day in Venezuela, that figure has a direct correlation with the amount of dollars that could enter the country—and therefore with the flow of bolívars, the exchange rate, and even activity at the money tables in the Venezuelan P2P market.

DAB3_1997

🚨 Urgent: The U.S. company “Chevron” and other American energy companies are nearing an agreement to invest billions of dollars in Venezuela’s oil fields. Chevron already operates three joint projects with Venezuela’s national oil company (PDVSA), and it is planning to add two more heavy-oil fields to its business portfolio. Meanwhile, “Halliburton” is holding similar talks, indicating that the deal goes beyond crude oil ownership to include drilling operations and the infrastructure needed to restart production. The plan includes leasing specific fields to U.S. companies and routing the produced oil to the U.S. market. Venezuela has the world’s largest proven oil reserves—surpassing those of Saudi Arabia—yet years of underinvestment have left a large portion of these resources undeveloped. And any increase in production rates will take years, since aging wells, pipelines, and export systems all need rehabilitation and construction first.
#PDVSA #TRUMP #venzuela #oil

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Article

PDVSA strengthens its refining capacity and guarantees domestic fuel supply without imports

PDVSA President Héctor Obregón highlighted that, following an integrated operating agreement with private investment in the Zamora field, oil production increased from 20,000 barrels per day to 100,000, marking a milestone for the crude sector
PDVSA
The president of Petróleos de Venezuela (PDVSA), Héctor Obregón Pérez, reported that the state oil company has maintained since 2024 a continuous investment plan aimed at restoring its processing plants, with the goal of supplying independently the entire national demand for gasoline and diesel; thanks to these works, the refining park currently has a refining capacity of 350 thousand barrels per day.

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Venezuelan state PDVSA and SLB sign agreement for crude and gas tech services

Caracas, June 10 (EFE) - State-owned Petróleos de Venezuela (PDVSA) and transnational SLB (formerly Schlumberger) signed a memorandum of understanding on Wednesday for the development of 'cutting-edge technology' in the exploration, drilling, and optimization of oil and gas reserves in the country.
The deal was inked at an event in Caracas led by the acting Venezuelan president, Delcy Rodríguez, where SLB's CEO, Olivier Le Peuch, highlighted the chance to generate tech for 'excellence in production, drilling, and various types of digital collaborations, even using artificial intelligence.'

Partly True

Article

Venezuelan oil exports surged 144% in the first half: U.S, India, and Bahamas

A report from Signal Ocean, shared by Bloomberg Línea, highlights that Venezuelan crude shipments jumped from 0.62 million barrels in January to around 1.5 million barrels by mid-June.
Venezuelan maritime crude exports skyrocketed by up to 144% between January and mid-June, according to a report from the maritime transport intelligence and analytics firm Signal Ocean.
The data released indicates that the monthly volume of Venezuelan crude loads transported by sea surged from 0.62 million barrels in January to nearly 1.5 million barrels by mid-June, measured on a 7-day moving average. This marks 6 consecutive months of growth.

Reuters: Pdvsa will temporarily shut down the El Palito Refinery for maintenance

It is estimated that major maintenance work at the refinery will last between 3 and 4 weeks.

Petróleos de Venezuela S.A (PDVSA) is preparing to shut down the El Palito Refinery, which is located in the state of Carabobo and has a capacity of 146,000 barrels per day, for planned major maintenance that will take between 3 and 4 weeks, four sources familiar with the matter said.

The maintenance program had originally been scheduled for 2027, but the state-owned oil company is currently planning to start it between the end of August and the beginning of September.

This maintenance work will be mainly to fully inspect the units after the devastating earthquakes that occurred on June 24. The start date depends on the arrival of imported parts, the sources said.

PDVSA did not respond immediately to a request for comment. The El Palito is currently processing around 70,000 barrels per day of crude, but its fluid catalytic cracker is not in service, Reuters reported via its «X» profile.

#PDVSA #petróleo #venezuela #TerremotoEnVenezuela #oil $CL $BZ $NATGAS

Analysis: Gulf energy companies debut in Venezuela with gas projects

Energy companies from the United Arab Emirates and Qatar have partnered with British Petroleum to develop the second phase of a gas project at a reservoir in Venezuela.

The energy industries of two countries that make up the Persian Gulf are debuting in Venezuela with gas projects at the Loran field, located offshore, in partnership with oil company BP (British Petroleum).

According to Bloomberg Línea, companies XRG from the United Arab Emirates and UCC Holding from Qatar will hold a stake in the license granted to BP to produce more than four billion cubic feet of gas at the Venezuelan reservoir.

The gas supply would be intended to replenish the raw material for Trinidad and Tobago’s industry, including the Atlantic liquefaction plant, which is operated by BP and Shell.

This agreement between the Emirati, Qatari, and British consortia and Venezuela comes at a time when the conflict between the United States (U.S.) and Iran continues, making hydrocarbon supply from the Middle East more complicated.

Oil agreements
The signing of the agreement to develop the second phase of the gas project at the Loran field has shown the Venezuelan government’s desire to continue the agreements made previously.

This means that XRG, UCC Holding, and BP are all moving forward on oil agreements with the state-owned Petróleos de Venezuela S.A. (PDVSA), although at a slower pace and with “moderate interest from the majority of the big oil companies.”

#EEUU #PDVSA #venezuela #petróleo #OrienteMedio $CL $BZ $NATGAS

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🔗Banking and Business

🇺🇸Bloomberg: BP enters the Venezuelan oil business to compete with Trafigura and Vitol

The multinational’s return to the Venezuelan market comes as the company, together with its partners, obtained a license to develop and operate the second phase of the Loran gas field, an offshore deposit in the Caribbean.

🇻🇪PDVSA: Oil exports increased by 19.7% and fuel production rose by 12.9%

The U.S. Undersecretary of Energy, Kyle Haustveit, stated that around half of Venezuela’s oil production is currently being exported to the United States.

Petróleos de Venezuela S.A. (Pdvsa) Vice President Jovanny Martínez said on Tuesday, August 18, that so far this year the country’s crude oil exports have increased by 19.7%.

During his appearance at an event in Houston, United States, Martínez indicated that Venezuela’s oil production would reach 1.245 million barrels per day by the end of August.

🧐Workers’ “Integral Income” payment for August begins for retirees

The beneficiaries of this payment are retirees from the public administration.

Through a message shared on the social platforms of the Patria Digital Channel, it was learned that the amount granted is Bs. 102,410 or US$ 132.43 at the exchange rate in effect from the Central Bank of Venezuela (BCV).

#PDVSA #venezuela #petróleo #EEUU #Bloomberg $CL $BZ $NATGAS

Article

From crude to P2P: how the PDVSA-U.S. deal could move the dollar in Venezuela

## A contract that goes beyond oil
PDVSA’s president, Héctor Obregón, revealed new details about the energy agreement with the United States: 25 years of validity, the possibility of renewal, and an estimated investment of US$ 100 billion. Although the news falls within the hydrocarbons sector, for those operating in the P2P market or safeguarding their savings in USDT, this information raises several alarms and opportunities.
It’s not just about crude extraction. The contract, known as the Productive Participation Contract (CPP), means that the private party doesn’t only pay fees and royalties, but also becomes part of a company. This means that PDVSA will receive benefits beyond the traditional ones, including the collection of taxes and a share of the hydrocarbon extracted. But what does oil have to do with the dollar and cryptocurrencies in Venezuela? Everything.

💥US Treasury Secretary Scott Bessent indicated that the only way for the US to get out of debt is to grow in order to get out of it. That's why right now he is dedicating himself to invading other countries to suck their resources...🤷‍♂️

Juan Barreto, the former mayor, disguised as a PDVSA worker, didn’t know that it was already carnival time 😅, politics and politicians in this country are in the basement...🤷‍♂️

⚽Argentine star Lionel Messi announced his retirement from the Albiceleste, just a few months after they lost the FIFA World Cup 2026 final to Spain.

💥Goldman Sachs forecasts that gold will reach US$4,900 per troy ounce again by year-end, driven by strong central bank purchases. 🐳🥇

#PDVSA #EEUU #GoldManSachs #Messi #venezuela $BZ $CL

Article

The geopolitical shift by the U.S. reshapes investment opportunities in international markets

Venezuela, according to Copérnico
A report prepared by economist Jorge Piedrahita highlights that Venezuela has become an investment opportunity driven by its energy resources and strategic minerals.
A new analysis of the financial landscape prepared by economist Jorge Piedrahita, a representative of the asset management firm Copérnico Venezuela Fund, states that the country's economy has begun to be transformed under a new strategic lens for the United States.
According to the agreement, the country has stopped being seen solely as a conditional bet on an uncertain political outcome, to become an investment opportunity driven by its energy resources and strategic minerals.