Venezuela News

Citgo’s Insurance Suit over Seized Venezuelan Oil Gets Go-Ahead

Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory Wood on Wednesday denied …

Tales of Survival Emerge as Venezuela Landslide Toll Hits 34

LAS TEJERIAS, Venezuela (AP) — Rescue workers using drones and trained dogs searched for survivors Monday following a massive landslide in central Venezuela, as the death toll rose to 34 and residents described harrowing tales of escape from the water …

Glass Maker Seeks to Seize Venezuela-Owned Oil Tanker to Collect Award

NEW YORK/MEXICO CITY — U.S. glass manufacturer O-I Glass Inc is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration award it won after the 2010 expropriation of two manufacturing plants, according …

Wildfires Pose Heightened Risk to Venezuelan Crude Output

Wildfires during Venezuela’s dry season are posing heightened risk to crude output this year due to lack of maintenance in state-owned oil company’s PDVSA’s oilfields and fuel shortages leaving firefighters without fuel, according to interviews with a half-dozen workers and …