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Encyclopedia > PDVSA

Petróleos de Venezuela, S.A. (PdVSA) is the Venezuelan nationally owned petroleum company. Venezuela is a major petroleum exporter. PdVSA purchased the United States gasoline brand Citgo in the 1990s.


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PDVSA’s Refinery Acquisition Program: A Shareholder’s Perspective (1891 words)
Refining capacity at the disposal of PDVSA outside of Venezuela is close to 2mn b/d.
Furthermore, these dividends attracted no withholding taxes, thanks to the way in which PDVSA took advantage of the double taxation treaties between the countries where its refineries were located (chiefly the US) and the Netherlands, on the one hand, and the Netherlands and its Caribbean dependencies, on the other.
PDVSA has also used debt issuance as a means to guarantee of the ongoing integrity of the program, by assuming contractual covenants that have greatly restricted the capability of the Venezuelan government to interfere with the affiliates’ dividend policies or the disposition of their assets.
Petróleos de Venezuela S.A. - Wikipedia, the free encyclopedia (808 words)
PDVSA purchased 50% of the United States gasoline brand Citgo from Southland Corporation in 1986 and the remainder in 1990.
In April and May 2005 PDVSA, per an agreement signed between the governments of Venezuela and Argentina, sent 50 million tonnes of fuel oil to the latter, in order to alleviate the effects of an energy crisis due to a shortage of natural gas.
Isla refinery, Curacao - PDVSA leases the Isla refinery in the Netherlands Antilles.
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