LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

April 7, 2023

What Is the Effect of Recent Corruption Scandals at PDVSA?

Venezuelan authorities have detained 34 people in a crackdown on alleged corruption at state oil company PDVSA. Former Oil Minister Tareck El Aissami, who was not among those arrested, resigned last month amid the probe. // File Photo: Venezuelan Government.

Q

A

Juan Viana, senior director for Oil and Gas/Energy at FTI Consulting: “It has been a long time since we have heard news about PDVSA, and the fact that the Maduro administration is looking into PDVSA may be a signal to the industry and the region. There has been a lot of noise about Venezuela’s oil potential and how to bring it back into the game. We have seen successful efforts from U.S. oil companies, like the recent Office of Foreign Assets Control’s General License 41, authorizing to resume limited extraction operations in Venezuela. Also, in early March, the media revealed that U.S. authorities were investigating companies trading Venezuelan oil in violation of …”

Top News

Venezuela’s Oil Exports Rebound to Highest Level Since August
Venezuela’s oil exports rebounded in March to their highest level since last August, according to official documents and shipping data. Last month, state oil company PDVSA and its joint ventures shipped 774,420 barrels per day of crude and fuel.
Valero Seeking OK to Import Crude From Venezuela
U.S.-based Valero Energy said it was seeking approval from the U.S. Treasury to import Venezuelan crude.
Mexico Agrees to Buy 13 Plants From Iberdrola
Mexico’s President Andrés Manuel López Obrador said Tuesday that his administration agreed to buy 13 power plants from Spanish company Iberdrola. // File Photo: Mexican Government.

Complete editions of the Energy Services Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

Subscribe To
Latin America Advisors

* indicates required field

The Inter-American Dialogue Education Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required