So Hugo Chavez officially died today. That's a sign of hope for the future of Petroleos de Venezuela, the state-owned oil company that floundered under his 14-year rule. Since 1998, oil output at ...

A court-appointed adviser is preparing to recommend a consortium led by Gold Reserve Ltd. as the best bidder for Citgo ...

Hugo Chavez, President of Venezuela, has died. He was 58 years old. ... Chavez relied on the oil revenues of PDVSA as a cash cow to fund social development projects, ...

“PDVSA and the sponsors I had in the past, ... Venezuelan President Hugo Chavez delivers a speech during a campaign rally in Monagas, in northeastern Venezuela, on September 28, 2012.

Three years after President Hugo Chavez purged 20,000 employees from state-owned Petroleos de Venezuela, the oil giant's production still hasn't recovered, but many who became part of a global ...

First, during a power struggle with Chavez in 2003, PDVSA's workers went on strike. The president retaliated by firing 18,000 of them, including the vast majority of the company's most talented ...

Hugo Chavez and his allies are tightening their grips, forcing the intelligentsia to leave in droves. ... PDVSA's top staff immediately went on strike and paralyzed the country.

Not only the government, PDVSA is an instrument, a direct instrument, unconditional instrument, of the president, of Hugo Chávez. HUMBERTO BERTI: Chávez can use that money for political purposes ...

— -- La VICTORIA, Venezuela — Beatriz Rodriguez sits in a long line under a sweltering sun, waiting for state oil company Petróleos de Venezuela to deliver cylinders of natural gas she ...

Hugo Chavez’s cash pump, Petroleos de Venezuela, is running on empty. ... Chavez’s Cash Pump Runs on Empty By Raul Gallegos. Sept 06, 2012 5:28 PM.

Pres. HUGO Chávez: Very well, thank you. And you? Very well. ANNOUNCER:-and the United States an enemy. PHIL GUNSON, The Economist: He's convinced George Bush goes to bed thinking of ways to ...