A court-appointed adviser is preparing to recommend a consortium led by Gold Reserve Ltd. as the best bidder for Citgo Petroleum Corp.’s parent company, according to people familiar with the matter, ...

Continuing instability in the Middle East makes it imperative that America protect its domestic energy suppliers. Under ...

Venezuela and Iran hold the largest and third-largest petroleum reserves in the world, respectively. Both have also been ...

PDVSA plans to sign more of these contracts over the next months, partly undoing the late President Hugo Chavez’s oil nationalization wave in the mid-2000s.

The deals are part of President Nicolás Maduro’s plan to replace Western oil companies after US sanctions ended their licences.

The battle has been playing out for years and goes back to the fallout from late President Hugo Chávez’s nationalizing of industries. Chávez died in 2013 and was succeeded by Nicolás Maduro.

Bill Maher slammed Sean Penn for not entertaining a meeting with President Donald Trump – despite having met with Fidel Castro and Hugo Chavez. While interviewing the “Fast Times at Ridgemont ...

Hugo Carvajal, a former top official in Venezuela's authoritarian government, pleaded guilty to narco terrorism, the ...

Bill Maher slammed Sean Penn for not entertaining a meeting with President Donald Trump – despite having met with Fidel Castro and Hugo Chavez. While interviewing the “Fast Times at Ridgemont ...

<p>Hugo Chávez, who died on Tuesday at 58, rose from poverty in a dirt-floor adobe house to unrivaled influence in Venezuela as its president, consolidating power and wielding the country’s oil ...

Penn, a keen observer of global politics, has previously met with Central American communist leaders Fidel Castro, Raul Castro, and Hugo Chavez, and even the Mexican cartel boss Joaquin “ El ...