March 04, 2015 2:24 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petróleos de Venezuela S.A.

Company Overview

Petróleos de Venezuela S.A. is engaged in the exploration, production, refining, transport, and commerce of hydrocarbons. It has strategic agreements with Eni S.p.A. and Repsol S.A. for the exploitation of the Perla field in Venezuela. The company was founded in 1975 and is based in Caracas, Venezuela.

Building Petroleos de Venezuela

East Tower

Avenida Liberator

Apartado 169

Caracas,  1050

Venezuela

Founded in 1975

Key Executives for Petróleos de Venezuela S.A.

Executive Director of Finance, Director and Member of Board Committee
Executive Director of Automation, Information Technology & Telecommunications, Director, Member of Board Committee and President of Pdvsa Industrial
Director, Member of Board Committee and President of The United Workers Federation of Oil, Gas & Related Derivatives of Venezuela
Vice President of Economic Affairs and Member of Board Committee
Age: 63
Internal Director of Production & Services Subsidiaries, Director and Member of Board Committee
Compensation as of Fiscal Year 2014.

Petróleos de Venezuela S.A. Key Developments

PDVSA Reportedly Negotiating Sale Of Its Share In Refidomsa

A group of entrepreneurs from the Dominican Republic is reportedly negotiating the acquisition of the 49% share of Refinería Dominicana de Petroleo S.A. owned by Petróleos de Venezuela S.A. according to sources close to the process. The deal would mean a cash injection of around $200 million to Petróleos de Venezuela S.A. According to the same sources, Venezuela's President Nicolas Maduro has given the green light to the deal, appointing Venezuelan Vice-President of economic matters General Rodolfo Marco Torres to head the negotiations.

Citgo Reportedly Valued At More Than $10 Billion In Revised Bids

CITGO Petroleum Corporation has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include HollyFrontier Corporation (NYSE:HFC), Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC) and a consortium of TPG Capital, L.P. and Riverstone Holdings LLC, the people familiar with the matter said. Lazard Ltd (LAZ.N), the investment bank hired by Venezuela's state-run Petróleos de Venezuela S.A. to explore a sale of Citgo, has not told bidders if there will be an additional round of bids, the people familiar with the matter said.

Rosneft and PDVSA Signs a Second Long-Term Contract for Supplies of Oil and Oil Products

Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production. The document envisages the supplies of over 1.6 million tonnes of oil and 9 million tonnes of oil products to the Rosneft Group within 5 years.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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