EE Impact

Petróleos de Venezuela, S.A. (PDVSA): Russia Operations Status & Business Impact

Venezuela · Energy, Oil & Gas

LeaveRussia detail: Continue Operations

Still operating in Russia

Petróleos de Venezuela, S.A. (acronym PDVSA, English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.

Status last verified 03/08/2026Source checked 21/01/2026Company website ↗LeaveRussia profile ↗

Business in Russia

Venezuela's state-owned oil firm, Petroleos de Venezuela (PDVSA), has been secretly negotiating since at least early this year with Russia's biggest state-owned oil company, Rosneft - offering ownership interests in up to nine of Venezuela's most productive petroleum projects.

Decision trail

Decision date 23/07/2025 · Reference ↗

Venezuela's state-owned oil company PDVSA has received and is unloading a Russia-origin 700,000-barrel cargo of heavy naphtha, a key product for its heavy crude output, according to vessel tracking data and a shipping document seen by Reuters. US-sanctioned PDVSA needs imported light crude, condensate and naphtha to dilute its production of heavy oil and make it exportable. Russia and Iran, which are also under US sanctions, have provided the country with those products in the past.

Status history since 2022

  1. 03/08/2026 operating · Imported from KSE LeaveRussia

Exposure profile

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Geopolitical context and sanctions impact

Petróleos de Venezuela, S.A. (PDVSA) is a Energy, Oil & Gas company based in Venezuela. Current Russia status in our dataset is operating: continued operations in Russia remain a compliance, reputational and counterparties risk for EU and allied firms. Eastern Europe Impact translates those facts into business consequences — sanctions screening, supply-chain exposure and reconstruction-side opportunity — with transparent confidence labels rather than speculation.

Risk assessment and how to use this profile

Start with the status badge and decision trail, then check possible sanctions matches and recent events mentioning Petróleos de Venezuela, S.A. (PDVSA). A 7-day Pro trial adds watchlists so you are notified if Russia status, designations or linked events change. Full exposure maps (energy, transport, commodities) are on Professional. This page is risk information, not legal or investment advice.

Questions about Petróleos de Venezuela, S.A. (PDVSA)

What kind of data does Eastern Europe Impact provide on Petróleos de Venezuela, S.A. (PDVSA)?

Eastern Europe Impact publishes verified intelligence on Petróleos de Venezuela, S.A. (PDVSA)'s Russia status: current operating posture, sources (including the KSE LeaveRussia project), status history since 2022, sanctions-list matches, and linked events. Each profile is risk information for compliance and due diligence — not legal advice.

How can Eastern Europe Impact data on Petróleos de Venezuela, S.A. (PDVSA) help my business?

Use the Petróleos de Venezuela, S.A. (PDVSA) profile to check counterparties, suppliers and customers for Russia exposure, sanctions proximity and recent events before you contract, ship or invest. Watchlists alert you if the status or designations change.

How do we verify the information on Petróleos de Venezuela, S.A. (PDVSA)?

We compile public reporting, company statements and the KSE LeaveRussia dataset, then label uncertainty. Status is not a legal determination — verify against primary filings and counsel before acting. Corrections go to corrections@easterneuropeimpact.com.

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Statuses, logos and narrative notes are compiled from public reporting and the KSE LeaveRussia project. Found an error? See our corrections policy.
Petróleos de Venezuela, S.A. (PDVSA): Russia Operations Status, Sanctions & Business Impact (2026) | Eastern Europe Impact