Petroleos de Venezuela SA news stories on Newser

Chavez Jokes About Missiles Aimed at US

Rob Quinn — Wed, 01 Jun 2011 01:39:40 CDT

Poking fun at American fears about Venezuela's ties with Iran and irked by new sanctions, Hugo Chavez quipped about having missiles pointed at the US. "Here they are," he said, holding up a picture of windmills along the country's coast. "They are pointing directly at Washington." Chavez previously joked that...

Chavez Quietly Courts Western Oil Firms

Rob Quinn — Thu, 15 Jan 2009 01:50:56 CST

The falling price of oil is forcing Venezuelan President Hugo Chavez to quietly make overtures to the Western oil companies he used to harass and shun, reports the New York Times . Chavez needs the foreign expertise and purchasing power to help boost Venezuela's declining production and income. The lure of...

Venezuela Yanks Free Fuel for Poor Americans

Rob Quinn — Tue, 06 Jan 2009 03:07:20 CST

Venezuela has halted its gifts of free fuel to America's poor, the New York Times reports. The controversial foreign aid project supplied heating oil to 200,000 low-income households in 23 states and on Indian reservations, but the plunge in the price of oil has hit Venezuela hard and President...

Venezuelan Prez Threatens to Cut Off US Oil

Wesley Oliver — Mon, 11 Feb 2008 03:00:00 CST

Venezuelan President Hugo Chavez is threatening to cut off US oil supplies if Exxon Mobil wins a court ruling to seize billions of dollars in Venezuelan assets, AP reports. The Texas-based oil giant has challenged Venezuela’s efforts to nationalize a multi-billion-dollar oil project, and the fiery leader promised an "economic...