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The court affirmed because the district court could not grant the motion without addressing a nonjusticiable political question. I then provide an overview of the relevant New York choice-of-law rules. As a result, he will struggle to pay the October 2020 PDVSA bond, increasing the risk of default on the Citgo-collateralized loan. As Maduro continues to resist pressure to resign, sanctions will increasingly restrict his access to cash and hinder his ability to move petroleum. WebPresident of the Board of Directors Contact 2 Contact 3 See All Contacts Dynamic search and list-building capabilities Real-time trigger alerts Comprehensive company profiles Valuable research and technology reports Get a D&B Hoovers Free Trial Financial Data The plan also includes the privatization of the many companies nationalized during the Chvez and Maduro governments, stopping the monetization of the fiscal deficit by the Central Bank and strengthening its autonomy. The El Tablazo plant produces olefins, caustic soda, and chlorine, which are sold to other nearby industries. Sources reported that a mezzanine loan given to Nynas by Betancourt and outstanding debt owed to Petrozamora (joint venture formed by Betancourt, Ivanov and co with PDVSA, which wasNynas' largest crude provider), guaranteed GPB's seat at the reorganisation table. In 1987 PDVSA started exporting coal from western Venezuela through its subsidiary, Carbozulia. PDVSA WebOn Monday October 8th, Petrleos de Venezuela (PDVSA) Board of Directors held a work meeting in order to review financial matters accountability from January to September New PDVSA Board of Directors published in Official Gazette Appointment of PDVSAs Board of Directors - InterJuris Alessandro Bazzoni reportedly behind United Petroleo: where does that leave Luis Giusti? With further upgrading and conversion facilities, the refineries were able to use a higher proportion of heavier crudes, which represented the major volume of reserves in the country. We don't have any way to get them. PDVSA's success in exploration has resulted mainly from discoveries made around 1987 at El Furrial in the eastern state of Monagas, with estimated reserves of 538 million barrels and with an upside potential of 1.1 billion barrels, in the Ceuta South-Southeast field in Lake Maracaibo with estimated recoverable reserves of one billion barrels, and in the Guafita field in Apure, next to the Cao Limn field in Colombia, with estimated recoverable reserves of 500 million barrels. In 2019, the United States recognized Venezuelas Interim President Juan Guaid as the lawful head of state. The Ceuta field produces 100,000 barrels per day and is expected to reach 200,000 barrels per day in 1993.