A separate decision by the Paris-based ICC in 2012 ordered Venezuela state oil company PDVSA pay Exxon 908 million dollars. There will be no double compensation for the nationalization of the ...

Crude oil exports from Venezuela have all but dried up as the government ... PDVSA is said to have tightened the prepayment rules for its crude oil after the review of contracts began earlier this ...

The amount of the accounts receivable also includes an outstanding balance due to Venezuela by Iran under an oil swap deal, according to Reuters. PDVSA is said to have tightened the prepayment rules ...

HOUSTON, March 21 (Reuters) - Venezuela's state-run oil company PDVSA has accumulated $21.2 billion in accounts receivable, according to documents viewed by Reuters, after turning to dozens of ...

A former general counsel of Venezuela’s state-owned oil company has pleaded guilty to a money-laundering scheme stretching from his homeland to South Florida to Europe that enabled him to pocket $11.5 ...

MIAMI (AP) — The former general counsel for Venezuela’s state-owned oil company pleaded guilty in Miami federal court on money laundering charges Wednesday in connection to a conspiracy to ...

Prosecutor Tarek William Saab said the alleged scheme involved selling Venezuelan oil through the country’s cryptocurrency oversight agency in parallel to the state-run Petróleos de Venezuela SA.

Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River, covering almost half of the former British colony territory. But massive oil deposits have been ...

Venezuela’s oil czar has announced his resignation as officials investigate alleged corruption among public officials CARACAS, Venezuela -- Venezuela’s oil czar announced his resignation ...

MIAMI (AP) — The former general counsel for Venezuela’s state-owned oil company pleaded guilty in Miami federal court on money laundering charges Wednesday in connection to a conspiracy to siphon at ...