CARACAS (Various sources), 1st October 2019 – With less than three weeks to go for the PDVSA 2020 payment on 27th October 2019, Reuters reported …
Venezuela creditors push back on Guaido’s debt restructuring plan
CARACAS (Reuters), 1st October 2019 – Creditors holding Venezuelan debt pushed back on debt restructuring plans backed by opposition leader Juan Guaido, urging a “fair …
Venezuela’s Maduro seeks to revive stalled debt talks, bondholders unimpressed
CARACAS (Reuters), 30th September 2019 – Venezuela wants to reopen contacts with foreign bondholders after a two-year hiatus to renegotiate some $60 billion (48.9 billion …
Washington pushes EU for tougher sanctions on Venezuela
WASHINGTON, D.C. (Financial Times), 9th September 2019 – President Donald Trump’s envoy on Venezuela has attacked the EU as “unhelpful” and guilty of “miscalculation” over …
Chevron Lays Groundwork for Venezuela Exit on Waiver Jitters
CARACAS (Bloomberg), 3rd September 2019 – Chevron Corp. appears to be laying the groundwork to leave Venezuela in the event that the U.S. declines to …
World Bank tribunal lowers ConocoPhillips award for Venezuela expropriation: document
CARACAS (Reuters), 2nd September 2019 – A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips (COP.N) as compensation …
China’s top energy company shuns Venezuela amid new US sanctions
CARACAS (AlJazeera), 19th August 2019 – China’s biggest energy company is backing away from direct purchases of Venezuelan crude as the Trump administration tightens sanctions …
“Venezuela’s Restructuring: A Path Forward” – Proposal by Cleary Gottlieb
Mark A. Walker and Richard J. Cooper, from Guggenheim Securities and Cleary Gottlieb respectively, propose a framework for the future renegotiation of Venezuela’s external financial …
ICC tribunal dismisses Conoco’s $1.5 billion claim against PDVSA
CARACAS (Reuters), 2nd August, 2019 – The International Chamber of Commerce’s arbitration tribunal has dismissed U.S. oil company ConocoPhillips’ $1.5 billion claim against Venezuelan state …
Venezuela’s debts to China, Russia would be restructured through Paris Club: Guaido advisor
GUAYAQUIL (Reuters), 17th July 2019 – Loans to Venezuela from President Nicolas Maduro’s allies Russia and China would be renegotiated though the Paris Club if …