SMS Siemag, Germany, has been awarded an order for the supply of plants for the second construction stage of the new integrated steel making and processing complex of Siderúrgica Nacional (SN) in Venezuela.
BP is selling its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for USD 1.8 billion in a cash only deal.
Tenaris SA has announced that Venezuela, acting through the transition committee appointed by the Venezuelan Ministry of Basic Industries and Mining, has unilaterally assumed exclusive operational control over the assets of Matesi Materiales Siderúrgicos SA (Matesi).
Cuba will proceed with plans to build a ferronickel plant with its ally Venezuela.
Venezuela and Cuba have signed an agreement to create a joint steelmaking company called Aceros del Alba CA, which will make stainless steel products in Venezuela.
Venezuela and Cuba have confirmed the creation of a JV in the steel industry to produce and distribute stainless and special steel.
Ecuador’s President Rafael Correa has announced that Venezuela’s state-owned oil company, PDVSA, and Ecuador-based Petroecuador have signed a Memorandum of Intent in order to build a new refinery in the coastal province of Manabi, NE Ecuador.
Venezuela's national assembly has approved an additional VEB 820 billion for the budget of the country's basic industries and mining ministry Mibam.
PDVSA is set to begin offshore oil exploration near Venezuela's border with Trinidad and Tobago.
Norway's Stat Oil is interested in moving into natural gas production in Venezuela and looking for the right moment to work jointly with state-run Petróleos de Venezuela , PDVSA