March 21, 2018 3:48 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petróleos de Venezuela, S.A.

Company Overview

Petróleos de Venezuela, S.A., together with its subsidiaries, engages in exploring, exploiting, manufacturing, refining, storing, transporting, commercializing, and trading in crude oil and other hydrocarbons in Venezuela and internationally. It is also involved in the agricultural and industrial activities; manufacturing, processing, and marketing of goods; and provision of services. The company was founded in 1975 and is based in Caracas, Venezuela.

Complejo MinPetróleo - PDVSA

Avenida Libertador con calle El Empalme

La Campiña

Caracas,  1050


Founded in 1975


58 212 7084021


58 212 7084460

Key Executives for Petróleos de Venezuela, S.A.

Chief Executive Officer
VP of Finance & Director
EVP, VP of Trade & Supply and Director
Age: 39
VP of International Affairs & Internal Director
VP of Exploration & Production and Director
Compensation as of Fiscal Year 2017.

Petróleos de Venezuela, S.A. Key Developments

U.S. Senators Seek Review Of Control Of Citgo By Rosneft

Democrat Bob Menendez and Republican Marco Rubio have urged the Trump administration to clarify if it is reviewing the potential acquisition by Public Joint Stock Company Rosneft Oil Company (LSE:ROSN) of Petróleos de Venezuela S.A. and CITGO Petroleum Corporation, saying a shift in Citgo’s assets would be a security risk.

PDVSA Reportedly Proposes Stake Sale In Oilfield To ONGC

Petróleos de Venezuela S.A. proposed selling a 9% stake in the San Cristobal field to ONGC Videsh Ltd., sources said. "ONGC is still evaluating the options," one of the sources said, adding the purchase could be challenging given the Indian company's revenues are suffering due to lower oil prices.

Petroleos de Venezuela, S.A. and Rosneft Open Perforosven Operational Base in Anzoategui

Petroleos de Venezuela, S.A. and Rosneft opened the Perforosven Operational Base, located in the municipality of San Jose de Guanipa in the state of Anzoategui, Ayacucho block of the Hugo Chavez Orinoco Oil Belt, within the framework of bilateral agreements between Russia and Venezuela. Perforosven, a Russian-Venezuelan joint venture, strengthens relations with Russia and it was created to provide oil services, including drilling, and well rehabilitation and conditioning in addition to activities related to the acquisition of drilling equipment, machines, services and materials in southern Anzoategui state.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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