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


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.

Similar Private Companies By Industry

Company Name Region
Guascor Venezuela Americas
Tauro Gas, C.A. Americas
West Falcon Samson Hydrocarbons, S.R.L. Americas
Cardón IV, S.A Americas
PFC Oil and Gas, C.A. Americas

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Petróleos de Venezuela S.A., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at