Venezuelans fight to halt deadly refinery fire

Firefighters in Venezuela are desperately trying to control a blaze at an oil refinery after the death toll reached 41 yesterday, according to reports. Two oil tanks at the state-owned PetrĂ³leos de Venezuela (PDVSA) refinery were engulfed by flames after a gas leak caused an explosion on Saturday, reports said. A third tank subsequently caught […]

Russia targets Venezuelan oil

Venezuela could be Russia’s next big oil focus after Rosneft signed a “tentative” agreement with the South American state-owned oil firm PDVSA. The Russian power firm said yesterday together they hope to develop exploration blocks in the Orinoco oil belt which are estimated to hold 40 billion barrels. Rosneft said it is set to pay […]

Venezuelan gas platform sinks in Caribbean

A gas platform has keeled over and sunk in the Caribbean off the coast of Venezuela just a week after it was inaugurated by the Venezuelan energy minister. The Aban Pearl was being used to extract offshore gas for Venezuela’s state oil company, PDVSA. According to Venezuela’s energy and oil minister Rafael Ramirez, the accident […]