PDVSA Archives - The Daily Journal

Juan Barreto asks who will be “the new RECADI Chinito” amid secrecy surrounding business deals in Venezuela

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The political leader questioned the lack of transparency surrounding transactions under the Anti-Blockade Law and warned of the risk of repeating corruption schemes involving public resources. The Daily Journal.- Political leader Juan Barreto raised the question of who might become “the new RECADI Chinito,” referring to the growing number of business deals and transactions that, […]

Venezuela increases oil production to 1.15 million barrels per day

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela increased its oil production to 1.15 million barrels per day in September, according to the monthly report that the Organization of the Petroleum Exporting Countries (OPEC) released on Tuesday. OPEC data show steady growth over the past three months. Production rose from 1.125 million barrels per day in July to 1.133 […]

Spain’s Civil Guard investigates whether Delcy Rodríguez supplied gold to finance PSOE

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- The Central Operational Unit (UCO) of Spain’s Civil Guard is investigating whether Venezuela’s acting president, Delcy Rodríguez, supplied gold to illegally finance the Spanish Socialist Workers’ Party (PSOE). According to a report by El Español, the alleged deliveries took place in 2020. They involved 24-karat gold coins bearing the likeness of Simón […]

Maurel & Prom produces more than 8,300 barrels per day in Venezuela

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The French oil company holds a stake in the Urdaneta Oeste field in Lake Maracaibo and continues its well rehabilitation program. Julio A. López, Editor-in-Chief.- French oil company Maurel & Prom (M&P) maintains its presence in Venezuela’s oil sector through its 40% stake in Petroregional del Lago. This joint venture operates the Urdaneta Oeste field […]

Álvaro Pulido, Alex Saab’s business Partner, transferred to the United States

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Colombian businessman faces two federal cases involving alleged bribery and money laundering schemes linked to food, medicine, and housing contracts in Venezuela. The Daily Journal.- U.S. authorities arrested Álvaro Pulido Vargas, a business partner of Alex Saab, who faces two federal indictments for allegedly laundering money from bribery schemes involving more than $2 billion […]

Venezuela negotiates 44 new oil agreements

October 9, 2026October 9, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— Acting President Delcy Rodríguez announced Thursday that her government is negotiating 44 additional agreements in the oil sector, which would add to the 61 already signed by state-owned Petróleos de Venezuela (PDVSA), bringing the total to 105 agreements so far this year. “In addition to the 61 agreements that PDVSA has already […]

Pacific Coast Energy plans $3.5 billion investment to boost heavy crude production in Venezuela

October 9, 2026October 9, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— U.S.-based Pacific Coast Energy Company (PCEC) plans to invest $3.5 billion over the life of its contracts with Petróleos de Venezuela (PDVSA) to reactivate and develop oil fields in the Delta and Cabimas blocks, the company said. PCEC, a California-based company specializing in heavy crude production, took over operations at the fields […]

Juan Barreto proposes redirecting opaque military spending toward salaries and education

October 8, 2026October 8, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Former Caracas Mayor Juan Barreto proposed redirecting part of Venezuela’s military spending, which he claims remains beyond public scrutiny, toward funding teachers’ salaries, retirees’ benefits, and educational programs. During his program No es Podcast Cosa, Barreto questioned the growth of what he described as “opaque” military spending and suggested allocating those resources […]

Relatives say more than 70 workers remain detained in PDVSA-obrero case

October 6, 2026October 6, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Relatives of people detained in connection with an alleged smuggling case linked to Petróleos de Venezuela (PDVSA) called on Monday for alternative measures to imprisonment for those facing prosecution. They denounced that dozens of people have remained in custody since 2024. The case, known as PDVSA-Obrero, involves detainees who, according to their […]

Hydrocarbon spill hits Golfo Triste and threatens Morrocoy National Park

October 5, 2026October 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— An analysis of satellite imagery conducted by the Venezuelan-German Institute of Applied Ecological Sciences (IVACEA) detected an extensive anomaly consistent with hydrocarbon contamination in Golfo Triste, off Venezuela’s north-central coast. It warned of its potential impact on areas of Morrocoy National Park. The study, based on imagery from the European Space Agency’s […]