Info:
PDVSA is a state-owned oil company of Venezuela, and it has delivered at least two cargoes of reformate to Iran between December 2010 and March 2011, worth approximately $50 million. Reformate is a blending component that improves the quality of gasoline;
Venezuelan energy giant Petroleos de Venezuela SA (PDVSA) joined with Iran’s Petropars to establish a joint venture, VENIROGC, which will undertake joint projects in third countries. The Syrian refinery will be the company’s first cooperative project.”;
The sanctions we have imposed on PDVSA prohibit the company from competing for U.S. government procurement contracts, from securing financing from the Export-Import Bank of the United States, and from obtaining U.S. export licenses. These sanctions do not apply to PDVSA subsidiaries and do not prohibit the export of crude oil to the United States;
The U.S. State Department have investigation information reports that Venezuela’s state oil company PDVSA sent two shipments of gasoline to Iran;
In 2007, Venezuela and Iran agreed to speed up joint works in Block Ayacucho 7, with an estimated investment of USD 4 billion, to certify and expand Venezuelan proven reserves. The move came under the instruments the Venezuelan and Iranian state oil firms Petropars and Petróleos de Venezuela, S.A. (PDVSA), respectively, have entered into, in the framework of the Orinoco Magna Reserva project;
In 2009, Petróleos de Venezuela, S.A. (PDVSA) is to sell 20,000 barrels of fuel per day to Iran and, together with the Iranian state energy company, will develop Iran’s largest gas field, called “South Pars 12,” said the Venezuelan Head of State, Hugo Chávez;
The Venezuelan ruler said that such energy agreements “are to generate great resources for the country. The sale of oil byproducts to Iran is to strengthen trade with that nation,” noted President Chávez;
In 2017 the U.S. state Pennsylvania , Mississippi listed PDVSA on its list of companies doing material business with Iran rendering PDVSA ineligible for investment and/or state contracting;
Iranian company SADRA which is designated by the U.S. Treasury Department is working on a project for building new ship for Petroleos de Venezuela;
Also Known As:
PDVSA
Petroleos de Venezuela S.A.
Industry:
Oil Industry
Involved In:
Military Weapon Program
Established:
2009
Country:
Venezuela
Address:
La Campiña, Caracas
Phone:
+58(212)7084021
Web Site:
www.pdvsa.com
Reason for the color:
» In 2018 the U.S. state of New Jersey, listed Petroleos de Venezuela on its list of entities determined to be engaged in prohibited activities in Iran rendering Petroleos de Venezuela ineligible for investment and/or state contracting;
» In 2018 the U.S. state of New York, listed Petroleos de Venezuela on its list of entities determined to be engaged in prohibited activities in Iran rendering Petroleos de Venezuela ineligible for investment and/or state contracting;