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May 03, 2015 5:25 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petróleos de Venezuela S.A.

Company Overview

Petróleos de Venezuela S.A. engages 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.

Edificio Petróleos de Venezuela

Avenida Libertador

La Campiña

Apartado 169

Caracas,  1050

Venezuela

Founded in 1975

Phone:

58 212 708 4111

Fax:

58 212 708 4661

Key Executives for Petróleos de Venezuela S.A.

President, Vice President of Exploration & Production and Member of Board Committee
Age: 58
Executive Director of Finance
President of Pdvsa Industrial and Executive Director of Automation, Information Technology & Telecommunications
Vice President of Economic Affairs
Age: 63
General Manager of The Paraguana Refining Center, Internal Director and Member of Board Committee
Age: 54
Compensation as of Fiscal Year 2014.

Petróleos de Venezuela S.A. Key Developments

Petróleos de Venezuela Reportedly Mulls Acquisition Of Stake In Petrodelta

Petróleos de Venezuela S.A. reportedly agreed to acquire stake 32% stake in Petrodelta S.A. from Harvest-Vinccler Dutch Holding B.V. Reuters reported, citing a source close to Petróleos de Venezuela S.A., said “The offer by Petróleos de Venezuela S.A. last week was in a fair range to settle the deal taking into consideration today's oil prices.”

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.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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