- Tag results for PDVSA
The country is seeking to restructure its foreign debts, estimated at around $150 billion, after it was hit hard by tumbling oil prices and American sanctions.
Venezuelan police have arrested a deputy minister and nine officials from state oil company PDVSA for allegedly doctoring crude production figures
Venezuela, struggling under triple-digit inflation and Soviet-style product shortages as its socialist economy unravels, has been hit hard by the falling price of oil.
Venezuela's leftist government has grown increasingly close to Russia's Vladimir Putin.
Venezuela has given up the fight for the coveted market share because of a combination of declining crude production and heavy obligations under oil-for-loan deals