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CARACAS, Venezuela, Feb. 10 (UPI) -- Any suggestion that Venezuela would privatize the country's oil sector by selling parts of the state-run oil company is unpatriotic, a minister said.
CARACAS, Venezuela, Feb. 9 (UPI) -- The Venezuelan government gave the go-ahead for the development of the Orinoco oil belt through a joint venture between Russia and a state oil company.
CARACAS, Venezuela, Jan. 17 (UPI) -- Venezuela will defend its interests in cases related to major oil companies but is withdrawing from an international court nonetheless, a minister said.
CARACAS, Venezuela, Jan. 11 (UPI) -- With a dispute with Exxon Mobil headed to an international court of arbitration, the Venezuelan oil minister said there's nothing left to offer.
CARACAS, Venezuela, Jan. 9 (UPI) -- U.S. supermajor Exxon Mobil is asking far too much from the Venezuelan government in a case involving assets in the country, the Venezuelan president said.
CARACAS, Venezuela, Jan. 5 (UPI) -- Exxon Mobil should take heed of a decision by an international panel to award about 10 percent of its demands from Caracas, the Venezuelan president said.
PARIS, Jan. 3 (UPI) -- Though a Venezuelan oil producer was ordered by an international panel to pay 11 percent of claims from Exxon Mobil, the fight isn't over, an analyst said.
CARACAS, Venezuela, Dec. 9 (UPI) -- Russian state-run oil company Rosneft said it signed a memorandum of understanding to help develop part of one of the biggest oil fields off Venezuela's coast.
MOSCOW, Dec. 8 (UPI) -- Anglo-Russian venture TNK-BP announced plans to increase oil production from fields in Venezuela to 120,000 barrels per day by 2012.
CARACAS, Venezuela, Aug. 12 (UPI) -- Venezuela's state oil company PDVSA reported more than 2,000 oil leaks in its 2010 management report, down from more than 8,100 the prior year.
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