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Spain's Repsol signs $1.2 bn deal with Venezuela

Last Updated: Saturday, February 15, 2014, 07:51

Repsol signed a financing deal Friday with Venezuelan state oil company PDVSA that calls for the Spanish energy major to invest $1.2 billion to boost the output of the companies' Petroquiriquire joint venture.

Fire extinguished at Venezuela refinery

Last Updated: Wednesday, August 29, 2012, 09:21

Venezuela`s biggest oil refinery remained offline Tuesday after firefighters extinguished a blaze that raged for more than three days.

Refinery blast kills 24 in Venezuela, dozens hurt

Last Updated: Saturday, August 25, 2012, 16:17

Amuay oil refinery, with an initial capacity of processing some 650,000 barrels of oil per day, is Venezuela`s largest oil refinery.