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petrleo News

Venezuela sets initial digital currency value at $60

Caracas - Venezuela on Wednesday set the initial value of a digital currency it created to overcome a liquidity crisis at $60, but its price will fluctuate based on the oil market, authorities said.

Mexico auctions 19 deep-water oil blocks

Mexico - Mexico on Wednesday auctioned off 19 deep-water oil blocks located in the Gulf of Mexico, the largest such auction since the government opened the country's hydrocarbons sector to private industry.

Venezuela opens new probe into former oil company chief

Caracas - Venezuelan authorities said Friday they were opening a new investigation into Rafael Ramirez, the former head of state oil company PDVSA, who is already accused of graft.
 

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