All news on the topic: PDVSA

Poland believed it had discovered a method to purchase Venezuelan oil while maneuvering around a sanctions regime that made traditional payments challenging.

For a decade, Venezuelan businessman Alejandro Betancourt has been ensnared in the tentacles of a sprawling Justice Department probe into a sophisticated billion-dollar money laundering scheme that US prosecutors allege embezzled funds from Venezuela’s state-owned oil company known as PDVSA.

President Donald Trump has called the deal granting the US control of strategic Venezuelan oil fields "the biggest in history".

Venezuela is set to reveal a $240bn debt pile, much higher than previously thought, as the country embarks on the biggest sovereign restructuring in history following the US removal of Nicolás Maduro.

Newly released documents show businessman Francisco D’Agostino visited Jeffrey Epstein’s private island, and advised his investments in PDVSA, Venezuela’s state oil company.

The combined 26 years of rule by Nicolás Maduro and his predecessor Hugo Chávez turned Venezuela into the Islamic Republic of Iran’s main ally outside the Middle East.

The investigation by the Portuguese prosecutor’s office into the so-called BES / Venezuela case concluded last year and produced only some accusations against former directors of the bank that collapsed in 2014.