All PDVSA articles

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    Blog post

    Two indicted in PDVSA bribery probe


    A sales representative and a former president of a U.S.-based company are facing charges for their alleged roles in a scheme to corruptly secure business advantages from Venezuela’s state-owned and state-controlled energy company, PDVSA.

  • Blog post

    The cost of doing business with PDVSA


    With the tightening of sanctions by the United States around Venezuela and PDVSA, there will only be more scrutiny going forward for those that do business with the state-owned oil company.

  • Blog post

    Doing business with Citgo? Get ready for a bumpy ride


    The arrest of Citgo Petroleum Company’s acting president of the company and five members of the company’s board for offering bonds to finance the company’s continued operations means that if you’re doing business with Citgo, it’s definitely time to review your relationships, contracts, payment status, and all other facets of ...

  • Blog post

    Guilty plea in PDVSA FCPA case


    A partial owner of several energy companies pleaded guilty this week to foreign bribery charges for his role in a scheme to corruptly secure contracts from Venezuela’s state-owned and state-controlled energy company, Petroleos de Venezuela S.A. (PDVSA).

  • Blog post

    Venezuela investigates PDVSA for corruption


    A look at the ironic Venezuelan investigation into corrupt company Petróleos de Venezuela SA.

  • Blog post

    At PDVSA, the costs of corruption extend to bond swaps


    Tom Fox explores anti-corruption lessons gleaned from Venezuelan national energy company Petróleos de Venezuela’s failed debt swap offer.