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Mayela Armas

Venezuela's PDVSA expects crude output rebound in 2020: document

10 Oct 2019

CARACAS Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day (bpd) next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels.

Venezuela's PDVSA expects crude output rebound in 2020 -document

10 Oct 2019

CARACAS, Oct 9 Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day (bpd) next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels.

Venezuela's Maduro seeks to revive stalled debt talks, bondholders unimpressed

30 Sep 2019

CARACAS Venezuela wants to reopen contacts with foreign bondholders after a two-year hiatus to renegotiate some $60 billion (48.9 billion pounds) of foreign debt, President Nicolas Maduro said on Monday, but investors gave short shrift to the suggestion.

Exclusive: Venezuela opposition eyes U.N. asset protection as option to save Citgo

20 Sep 2019

CARACAS Venezuela's opposition is preparing to seek an asset protection program from the United Nations to prevent creditors from seizing the country's crown jewel overseas asset, U.S. refiner Citgo, a lawmaker and two opposition sources told Reuters.

Maduro left Norwegian mediators in the dark about side deal -Venezuela opposition negotiator

18 Sep 2019

CARACAS Venezuelan President Nicolas Maduro did not inform Norway's foreign ministry, which is mediating a dialogue between his government and opposition leader Juan Guaido, about a side deal with a smaller sector of the opposition before it was announced earlier this week, a member of Guaido's negotiating team said on Wednesday.

Venezuelan government mulls sending lawmakers back to opposition assembly

16 Sep 2019

CARACAS Venezuela's government said on Monday it was evaluating sending some of its lawmakers back to the opposition-controlled National Assembly, which President Nicolas Maduro has called an illegal institution, as part of new talks with one opposition faction.

Venezuela government, opposition talking despite stalled Norway-backed dialogue: sources

12 Sep 2019

CARACAS A group of Venezuelan government officials and opposition activists are quietly holding talks focused on the economy despite the stalling of a formal dialogue mediated by Norway, according to nine sources involved.

Venezuela gold reserves drop by $1 billion in first half 2019

03 Sep 2019

CARACAS Gold reserves held by Venezuela's central bank fell by $1 billion in the first half of 2019, official data released this week showed, amid opposition accusations that the government is selling the precious metal abroad to raise revenue in the face of U.S. sanctions.

Venezuela gold reserves drop by $1 bln in first half 2019

03 Sep 2019

CARACAS, Sept 3 Gold reserves held by Venezuela's central bank fell by $1 billion in the first half of 2019, official data released this week showed, amid opposition accusations that the government is selling the precious metal abroad to raise revenue in the face of U.S. sanctions.

Exclusive: T. Rowe Price held talks with Guaido team on Venezuela PDVSA 2020 payment

29 Aug 2019

CARACAS T. Rowe Price has held informal talks with advisors of Venezuelan opposition leader Juan Guaido about financing a $913 million payment on state oil firm PDVSA's 2020 bond, an executive at the U.S. fund manager told Reuters, adding the plan would only work if Washington alters sanctions on Venezuela.

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