The next payment was due in April 2019; at the time, PDVSA was completely insolvent, with the rest of their $60 billion debt. Canadian mining firm Crystallex is another creditor of PDVSA's Citgo holdings and could potentially end up in control should PDVSA default in 2020.

Model Diplomacy is a free simulation program that invites students, educators, and professionals from a variety of backgrounds to step into the roles of decision-makers on the U.S. National Security Council (NSC) or UN Security Council.

Spanish-language radio stations are set to be controlled by a far-left group linked to billionaire George Soros after the Federal Communications Commission cleared a takeover.

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CRUDE OIL SALES AGREEMENT . This CRUDE OIL SALES AGREEMENT (“Agreement”) is entered into on March 19, 2008 and dated effective as of March 1, 2008, by and between PDVSA-Petróleo S.A., a corporation organized under the laws of the Bolivarian Republic of Venezuela (“Seller”), represented by Mr. Fernando Valera, Executive Director of Supply and Commerce, …

Oct 26, 2016 · At the same time, Venezuela's only other cash source, PDVSA, is pumping less oil and risking default. Most of its reserves are in the form of gold. So, to make debt payments this year, Venezuela ...

YPF S.A. (Spanish pronunciation: ['i 'pe 'efe], formerly Yacimientos Petrolíferos Fiscales; English: "Fiscal Oilfields") is a vertically integrated, majority state-owned Argentine energy company, engaged in oil and gas exploration and production, and the transportation, refining, and marketing of gas and petroleum products. In the 2020 Forbes Global 2000, YPF was ranked as the …

Oct 27, 2022 · In a move reminiscent of the Hugo Chavez years when Venezuela nationalized its oil industry, stripping by default many foreign oil companies of their assets, oil companies are once again preparing ...