PDVSA
The company's decision adds to state-owned PDVSA's woes after the United States imposed sanctions on the company on Jan. 28 to undermine the rule of Venezuelan President Nicolas Maduro.
Venezuelan self-proclaimed president Juan Guaido has ordered congress to begin the process of naming new boards of directors to state oil company PDVSA.
PDVSA said it had filed a petition on Friday to the 3rd U.S. Circuit Court of Appeals to direct the Delaware District Court to acknowledge it had been “divested of jurisdiction with respect to PDVSA and its property.”
The confirmation of Quevedo as president follows weeks of rumors that he would be replaced.
Venezuelan authorities said on Thursday they were seeking an Interpol red alert for ex-oil czar Rafael Ramirez on corruption charges.
U.S. oilfield service companies exposed to Venezuela face new hits to earnings from the South American nation’s ongoing economic turmoil.
Venezuelan President Nicolas Maduro’s socialist government has set a high-profile location near the presidential palace in Caracas for Monday’s.
Venezuela's foreign debt renegotiation committee will meet with creditors at 2 p.m. (1800 GMT) on Monday at the government's 'White Palace' in Caracas.
PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia's Rosneft.
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