Venezuela

ARTICLES: VENEZUELA

KEY INDUSTRY VIEWS: VENEZUELA

NEW DEVELOPMENTS

January 20, 2022
Issuance of Venezuela-related General License 5I and Updated Frequently Asked Question; Issuance of Amended Transnational Criminal Organizations Sanctions Regulations; Amendment of the definition of the term “Applicable Schedule Amount”.

January 7, 2022
Issuance of new Frequently Asked Question for Belarus, Ukraine/Russia and Venezuela.

December 1, 2021
OFAC SDN List Update: Counter Terrorism Designations and Designations Removals; Kingpin Act Designations Removals; Venezuela-related Designations.

November 24, 2021
Publication of Amended Syria Sanctions Regulations and Related Frequently Asked Questions; Issuance of Venezuela-related General License 8I.

October 1, 2021
Publication of Venezuela-related Frequently Asked Question.

September 10, 2021
Issuance of Venezuela-related General License 5H and Amended Frequently Asked Question.

July 20, 2021
Issuance of Venezuela-related General License 5G and Updated Frequently Asked Question.

July 12, 2021
Issuance of Venezuela-related General License 40 and Frequently Asked Questions.

June 17, 2021
Issuance of Syria General License 21, Venezuela General License 39, and Iran General License N, "Authorizing Certain Activities to Respond to the Coronavirus Disease 2019 (COVID-19) Pandemic" and Associated Frequently Asked Questions.

June 1, 2021
Issuance of Venezuela-related General License 8H.

March 31, 2021
Venezuela-related Designations Removals.

February 25, 2021
Bondholders Accelerate Venezuela’s 7.65% Global Notes Due 2025.

February 2, 2021
Issuance of Venezuela-related General License 30A.

January 19, 2021
OFAC SDN List Update: Counter Terrorism Designations; Venezuela-related Designations; CAATSA - Russia-related Designations; Yemen-related Designations Updates; Issuance of Counter Terrorism General Licenses and related FAQs.

January 4, 2021
Issuance of Venezuela-related General License 31A and Amended Frequently Asked Question.

December 30, 2020
OFAC SDN List Update: Venezuela-related Designations.

December 23, 2020
Issuance of Venezuela-related General License 5F and Amended Frequently Asked Question; Issuance of Ukraine-related General Licenses 13P and 15J.

December 18, 2020
OFAC SDN List Update: Venezuela-related Designations.

November 30, 2020
Venezuela-related Designation; Issuance of Venezuela-related General License 38 and Frequently Asked Question.

November 17, 2020
Issuance of Venezuela-related General License 8G.

October 6, 2020
Issuance of Venezuela-related General License 5E and Amended Frequently Asked Question.

September 24, 2020
OFAC SDN List Update: CAATSA - Iran-related Designations; Venezuela-related Designation Update; Iran-related Designation Update.

September 22, 2020
Venezuela-related Designations and Designation Update; Iran-related Designation Update.

September 21, 2020
Issuance of Executive Order "Blocking Property of Certain Persons with Respect to the Conventional Arms Activities of Iran;" Iran-related Designations and Designations Updates; Counter Terrorism, Non-proliferation, & Venezuela-related Designations Updates.

September 8, 2020
OFAC SDN List Update: Counter Terrorism Designations; Venezuela-related Designation Update.

September 4, 2020
OFAC SDN List Update: Venezuela-related Designations.

July 23, 2020
OFAC SDN List Update: Venezuela-related Designations.

July 15, 2020
Issuance of Venezuela-related General License 5D and Amended Frequently Asked Question.

July 2, 2020
OFAC SDN List Update: Revocation of Venezuela-related General License; Venezuela-related Designations Removals.

June 18, 2020
Venezuela-related Designations and Designations Removals; ​Issuance of Venezuela-related General License and Frequently Asked Question.

June 2, 2020
OFAC SDN List Update: Venezuela-related Designations.

May 12, 2020
Removal of Venezuela-related General License 13E, Issuance of Venezuela-related General Licenses 3H and 9G, and Amended Frequently Asked Questions.

April 21, 2020
Issuance of Venezuela-related General License 8F.

April 20, 2020
Sanctions Roundup Quarterly Reports - Shearman & Sterling.

April 16, 2020
Publication of a Fact Sheet on the Provision of Humanitarian Assistance and Trade to Combat COVID-19.

April 10, 2020
Issuance of Venezuela-related General License 5C and Amended Frequently Asked Question.

April 3, 2020
Issuance of Venezuela-related General License 13E.

March 30, 2020
Warrant Record Date of April 1 and Payment Date of April 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 30.

March 12, 2020
Venezuela-related Designation; Issuance of Amended Venezuela-related General Licenses and Amended Frequently Asked Questions; Ukraine/Russia-related Identification.

February 18, 2019
Venezuela-related Designations; Issuance of Venezuela-related General License; Issuance of Venezuela-related Frequently Asked Questions; Update to the Sectoral Sanctions Identfications List.

February 13, 2020
District Court Decision Incorrectly Holds that OFAC Sanctions Bar PdVSA from Making Payment on Pre-Sanctions Debts - Cleary Gottlieb Steen & Hamilton Memorandum.

February 7, 2020
OFAC SDN List Update: Venezuela-related Identifications.

January 21, 2020
Venezuela-related Identifications; Issuance of Amended Venezuela-related General License.

January 18, 2020
Issuance of Amended Venezuela-related General Licenses.

January 13, 2020
OFAC SDN List Update: Venezuela-related Designations; Iran-related Designations Update.

January 7, 2020
Issuance of Amended Venezuela-related General License.

December 9, 2019
Global Magnitsky Designations and Designation Update; Venezuela Designations; Issuance of Global Magnitsky General License.

Publication of Venezuela-related Frequently Asked Questions.

December 3, 2019
OFAC SDN List Update: Venezuela-related Identifications.

November 26, 2019
Venezuela-related Designation.

November 21, 2019
Publication of Amended Venezuela Sanctions Regulations.

November 5, 2019
Venezuela-related Designations; Issuance of Amended and New Venezuela-related General Licenses and Frequently Asked Questions; Revocation of Syria-related General Licenses.

November 4, 2019
OFAC SDN List Update: Iran-related Designations; Venezuela-related Designations Removals.

October 24, 2019
Issuance of Amended Venezuela-related General License 5A and Frequently Asked Question.

October 21, 2019
Issuance of Amended Venezuela-related General License 8D.

October 17, 2019
Issuance of Amended Venezuela-related General License 13D.

October 3, 2019
Warrant Record Date of October 1 and Payment Date of October 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 26.

September 30, 2019
Issuance of Amended Venezuela-related General Licenses.

September 24, 2019
OFAC SDN List Update: Venezuela-related Designations and Designations Removals.

September 17, 2019
Venezuela-related Designations.

September 9, 2019
Issuance of Venezuela-related General License; Issuance of Amended Venezuela-related Frequently Asked Question.

EMTA Special Seminar: Venezuela and Russia Sanctions: An Update.

• Agenda
• Peter Harrell’s “U.S. Sanctions on Venezuela” PowerPoint
• Jeanine McGuinness’ “U.S. Sanctions on Russia/Ukraine” PowerPoint
• Tom d’Ardenne’s “Overview of EU Sanctions on Russia and Venezuela” PowerPoint
• Relevant Links

August 20, 2019
United States Designates the Government of Venezuela for Blocking Sanctions - Cleary Gottlieb Steen & Hamilton Memorandum.

August 7, 2019
United States Designates the Government of Venezuela for Blocking Sanctions - Cleary Gottlieb Memorandum.

New U.S. Sanctions Targeting Venezuelan Government - Gibson Dunn Memorandum.

United States Imposes Blocking Sanctions on the Government of Venezuela – Davis Polk Memorandum.

August 6, 2019
Executive Order Blocking Property of the Government of Venezuela; Issuance of Venezuela-related General Licenses and Frequently Asked Questions; Publication of Guidance on Humanitarian Assistance and Support to the Venezuelan People.

July 30, 2019
Venezuela Creditor Committee Requests Further Help in Approaching OFAC to Relax Secondary Market Trading Restrictions.

July 26, 2019
Issuance of Amended Venezuela-related General License.

July 25, 2019
OFAC SDN List Update: Venezuela-related Designations.

July 23, 2019
Phased Reduction of Venezuela's Weight in the EMBI Series.

July 19, 2019
OFAC SDN List Update: Venezuela-related Designations.

July 11, 2019
Venezuela-related Designation.

July 9, 2019
Statement of the Venezuela Bondholder Committee on Principles for Restructuring.

July 3, 2019
OFAC SDN List Update: Venezuela-related Designation and Designations Removals.

July 1, 2019
Guidelines for the Renegotiation of the Chávez/Maduro Era Legacy Public External Debt.

June 28, 2019
Venezuela-related Designation.

June 27, 2019
Venezuela-related Designations.

June 26, 2019
Issuance of Amended Venezuela-related General License; Temporary Extension of Ukraine-related General Licenses.

June 11, 2019
EMTA Special Seminar: Venezuela and Russia Sanctions: An Update in London to be Held on September 9, 2019. Click Here to Register.

June 6, 2019
Issuance of Amended Venezuela-related General Licenses; Issuance of New Venezuela-related Frequently Asked Question.

May 10, 2019
Venezuela Creditor Committee Requests Help in Approaching OFAC to Relax Secondary Market Trading Restrictions.

Venezuela-related Designations; Non-proliferation Designation Update; Counter Terrorism Designation Update.

May 7, 2019
OFAC SDN List Update: Venezuela-related Designation Removal.

April 26, 2019
Venezuela-related Designations.

April 19, 2019
U.S. Government Targets "Three Stooges of Socialism" with New Measures Against Cuba, Venezuela, and Nicaragua - Davis Polk Memorandum.

April 17, 2019
Venezuela-related Designations; Issuance of Venezuela-related General Licenses, Issuance of Amended Venezuela-related General Licenses, and Publication of Venezuela-related Frequently Asked Question; Nicaragua-related Designations.

April 12, 2019
Venezuela-related Designations.

April 11, 2019
JPMorgan Index Watch Note on Venezuela.

April 5, 2019
Venezuela-related Designations.

March 28, 2019
Venezuela’s Restructuring: A Path Forward (Richard Cooper and Mark Walker).

March 26, 2019
Warrant Record Date of April 1 and Payment Date of April 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 28.

March 22, 2019
OFAC SDN List Update: Venezuela-related Designations; Issuance of Venezuela-related General Licenses and Frequently Asked Questions.

March 19, 2019
Venezuela-related Designations, Designations Updates, and Designations Removals.

March 14, 2019
Issuance of Venezuela-related General License 7A.

March 11, 2019
OFAC SDN List Update: Venezuela-related Designation.

March 8, 2019
Issuance of Amended Venezuela-related General Licenses; Amendments to Existing Venezuela-related Frequently Asked Questions.

March 1, 2019
OFAC SDN List Update: Venezuela-related Designations.

February 28, 2019
EMTA Special Seminar: Venezuela and Russia Sanctions: An Update.

• Agenda

• Jeanine McGuinness’ “U.S. Sanctions on Russia/Ukraine” PowerPoint
• Ken Rivlin’s “Venezuela Sanctions” PowerPoint
• Peter Harrell’s “Venezuela and Russia Sanctions: Goals and Scenarios” PowerPoint
• Relevant Links

February 25, 2019
OFAC SDN List Update: Venezuela-related Designations.

February 15, 2019
OFAC SDN List Update: Venezuela-related Designations.

February 12, 2019
EMTA Special Seminar: Venezuela and Russia Sanctions: An Update in New York to be Held on February 28, 2019. Click Here to Register.

February 11, 2019
Issuance of Amended Venezuela-related General Licenses and Frequently Asked Questions.

February 4, 2019
OFAC Issues Guidance on PdVSA Designation and Further Restricts Dealings in Venezuelan Debt - Cleary Gottlieb Memorandum.

OFAC Clarifies, And Further Complicates, Sanctions on Venezuela, PdVSA - Dechert Memorandum.

February 1, 2019
Issuance of Amended Venezuela-related General Licenses and Frequently Asked Questions.

Issuance of Venezuela-related Frequently Asked Questions (FAQs).

January 29, 2019
U.S. Sanctions Venezuelan Oil Industry – Cleary Gottlieb Memorandum.

U.S. Escalates Sanctions Against PdVSA, Venezuela – Dechert Memorandum.

OFAC Designates PdVSA - Davis Polk Memorandum.

January 28, 2019
Issuance of a New Venezuela-related Executive Order and General Licenses; Venezuela-related Designation.

January 8, 2019
OFAC SDN List Update: Venezuela-related Designations; Issuance of Venezuela-related General License; Publication of New FAQ.

November 7, 2018
ELECAR Bondholder Press Release.

November 1, 2018
Issuance of a New Venezuela-Related Executive Order and Associated Frequently Asked Questions.

October 3, 2018
Warrant Record Date of September 28 and Payment Date of October 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 27.

September 25, 2018
OFAC SDN List Update: Venezuela-Related Designations.

August 2, 2018
Venezuelan Bolivar Redenomination Scheduled for August 20.

July 19, 2018
Issuance of Venezuela General License 5; Publication of Venezuela-Related Frequently Asked Questions.

June 25, 2018
Statement of Venezuela Creditors Committee.

June 4, 2018
Redenomination of the Venezuelan Bolivar Is Postponed.

May 21, 2018
Executive Order Prohibiting Certain Additional Transactions with Respect to Venezuela.

April 18, 2018
New ISO Code Assigned to Venezuela's Currency.

April 16, 2018
Failure to Pay on Venezuela Oil Obligations Announced. Effective Warrant Record Date of March 30 and Payment Date of April 16 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 29.

April 12, 2018
Notice of Event of Default on Elecar 2018 Notes.

April 11, 2018
EMTA Special Seminar – Venezuela: The Path Forward.

• Agenda
• Richard Cooper’s “Venezuela’s Restructuring: A Realistic Framework"

April 10, 2018
Update on PDVSA US Litigation Trust v. Lukoil Pan Americas, et al – Cleary Gottlieb Memorandum.

March 6, 2018
EMTA Special Seminar – Venezuela: The Path Forward to be held in London on April 11, 2018. Click Here to Register.

February 10, 2018
Market Practice Recommended for PDVSA Bonds.

January 12, 2018
Venezuela – Navigating the Storm – Clifford Chance Memorandum.

January 8, 2018
Republic of Venezuela Bond Market Practice Recommended.

December 21, 2017
Record and Payment Dates on Defaulted Interest on Venezuela Oil Obligations Announced.

December 15, 2017
EMTA Special Seminar – Venezuela: The Path Forward to be held in New York on January 9, 2018. Click Here to Register.

December 8, 2017
Notice of Late Payment on Elecar 2018 Notes.

November 16, 2017
ISDA Credit Determinations Committee Determines Credit Event on PDVSA.

ISDA Credit Determinations Committee Determines Credit Event on Venezuela.

November 15, 2017
Venezuela Market Practice Recommended.

November 14, 2017
Fitch Downgrades Venezuela’s Long-Term Foreign Currency Rating to RD (Restricted Default).

S&P Global Ratings Downgrades its Corporate Credit Rating on PDVSA from CC to SD.

November 13, 2017
Fitch Downgrades PDVSA’s Issuer Default Rating to RD (Restricted Default).

S&P Global Ratings Downgrades Venezuela to SD (Select Default).

November 10, 2017
Notice of Default on Elecar 2018 Notes.

November 3, 2017
Venezuela Market Practice Recommended.

S&P Global Ratings Downgrades Venezuela’s Long-Term Foreign Currency Rating from CCC- to CC.

October 26, 2017
New Record and Payment Dates on Venezuela Oil Obligations Announced.

October 20, 2017
Non-Payment on Venezuela Oil Obligations Announced.

October 19, 2017
Calculations for Payments on Venezuela Oil Obligations Announced.

October 11, 2017
ISDA Publishes Venezuela Additional Provisions Protocol.

October 3, 2017
Warrant Record Date of September 30 and Payment Date of October 16 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 28.

September 19, 2017
Venezuela’s Restructuring: A Realistic Framework (Mark Walker and Richard Cooper).

August 30, 2017
Fitch Downgrades Venezuela's Long-Term Foreign Currency Issuer Default Rating from CCC to CC.

August 25, 2017
U.S. Sanctions New Debt and Equity Issuances by Venezuelan Government - Cleary Gottlieb Memo.

The Trump Administration Imposed Sanctions on Venezuela and Its State-Owned Entities (Including PdVSA) Through an Executive Order, Which Involved Broad Trading Restrictions on Debt and Equity Transactions, But With Many Notable Exceptions.

July 11, 2017
S&P Global Ratings Downgrades its Long-Term Foreign Currency Sovereign Credit Rating on Venezuela from CCC to CCC-.

April 17, 2017
Calculations for Payments on Venezuela Oil Obligations Announced.

March 31, 2017
Warrant Record Date of March 31 and Payment Date of April 17 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 29.

January 3, 2017
Former Venezuelan CenBank Pres Ruth Krivoy to Deliver Keynote at EMTA Seminar on Venezuela on Thursday, January 12, 2017. Click Here to Register.

December 12, 2016
EMTA Special Seminar: Economic and Political Update on Venezuela to be Held in New York, on January 12, 2017. Click Here to Register.

October 28, 2016
PDVSA Announces Settlement of its Exchange Offers.

October 17, 2016
Calculations for Payments on Venezuela Oil Obligations Announced

October 12, 2016
PDVSA Announces Extension of the Early Tender Deadline and the Expiration Date for its Offers to Exchange its Notes Due 2017 for New Notes Due 2020.

PDVSA Announces Contingent Waiver of Minimum Tender Condition for its Offers to Exchange its Notes Due 2017 for New Notes Due 2020.

October 6, 2016
PDVSA Announces Extension of Early Tender Deadline of its Offers to Exchange its Notes Due 2017 for New Notes Due 2020.

Warrant Record Date of October 3 and Payment Date of October 17 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 29.

September 16, 2016
PDVSA Announces Offers to Exchange Any and All of its Outstanding 5.250% Senior Notes Due 2017 and 8.50% Senior Notes Due 2017 for New 8.50% Senior Secured Notes Due 2020.

April 15, 2016
Calculations for Payments on Venezuela Oil Obligations Announced.

March 31, 2016
Warrant Record Date of March 31 and Payment Date of April 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 29.

March 8, 2016
EMTA Special Seminar: Economic and Political Update for Venezuela to be Held in New York, on April 12, 2016. Click Here to Register.

October 15, 2015
Calculations for Payments on Venezuela Oil Obligations Announced. Warrant Record Date of September 30 and Payment Date of October 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 28.

April 17, 2015
Calculations for Payments on Venezuela Oil Obligations Announced.

April 8, 2015
Warrant Record Date of March 31 and Payment Date of April 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 27.

March 9, 2015
Seven Venezuelan individuals sanctioned by Executive Order to address Human Rights Concerns.

February 10, 2015
Venezuela publishes new FX regulations - in English and Spanish.

February 9, 2015
Standard & Poor's Downgrades Venezuela's Long-Term Foreign-Currency Sovereign Credit Rating from CCC+ to CCC.

January 13, 2015
Moody’s Downgrades Venezuela’s Government Bond Rating from Caa1 to Caa3.

December 18, 2014
Fitch Downgrades Venezuela’s Long-Term Foreign Issuer Default Rating from B to CCC.

October 17, 2014
Calculations for Payments on Venezuela Oil Obligations Announced; Record Date of September 30 and Payment Date of October 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on September 26.

September 30, 2014
EMTA Forum on The Economic Outlook for Venezuela to be Held on November 6, 2014 in Boston. Click Here to Register.

September 16, 2014
Standard & Poor’s Downgrades Venezuela’s Sovereign Credit Rating from B- to CCC+.

May 6, 2014
Market Practice for PDVSA Bonds 6% Due 11/15/26.

April 16, 2014
Calculations for Payments on Venezuela Oil Obligations Announced.

April 8, 2014
Accrual Date Clarified for PDVSA Bonds 6% Due 11/15/26.

March 26, 2014
Warrant Record Date of March 31 and Payment Date of April 15 for Venezuela Oil Obligations. Trades are "Ex-Dividend" on March 27.

March 25, 2014
Fitch Downgrades Venezuela’s Long-term Foreign Currency Issuer Default Rating from B+ to B.

December 13, 2013
Standard & Poor's Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Credit Rating from B to B-.

October 16, 2013
Calculations for Payments on Venezuela Oil Obligations Announced; Record Date of September 30 and Payment Date of October 15. Trades are "Ex-Dividend" on September 26.

September 3, 2013
ICSID Issues Ruling in Conoco Phillips Petrozuata, BV et al vs. Bolivarian Republic of Venezuela.

June 17, 2013
Standard & Poor's Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Credit Rating from B+ to B.

April 17, 2013
Calculations for Payments on Venezuela Oil Obligations Announced; Effective Record Date of March 29 and Payment Date of April 15. Trades are "Ex-Dividend" on March 27.

April 15, 2013
Nicholas Maduro Narrowly Elected President of Venezuela. Market Reaction from Credit Suisse, Goldman Sachs and UBS.

January 16, 2013
EMTA Special Seminar: The Economic and Political Outlook for Venezuela to be Held on February 5, 2013. Click Here to Register.

October 19, 2012
Calculations for Payments on Venezuela Oil Obligations Announced.

October 10, 2012
President Chavez Re-elected in Venezuela. Market reaction by Bulltick Capital Markets, Goldman Sachs and UBS.

September 28, 2012
Venezuela Oil Obligations Effective Record Date of September 28 and Payment Date of October 15. Trades are "Ex-Dividend" on September 26.

April 10, 2012
Calculations for Payments on Venezuela Oil Obligations Announced.

April 2, 2012
Venezuela Oil Obligations Effective Record Date of March 30 and Payment Date of April 16. Trades are "Ex-Dividend" on March 28.

January 27, 2011
Venezuela Withdraws from ICSID (Sullivan & Cromwell Memo).

January 26, 2011
Venezuela Withdraws ICSID Membership. English / Spanish

October 14, 2011
Venezuela Oil Obligations Record Date of October 3 and Payment Date of October 17. Trades are "Ex-Dividend" on September 29. Calculations for Payments on Venezuela Oil Obligations Announced.

August 19, 2011
Standard & Poor’s Downgrades Venezuela’s Long-Term Foreign Currency Sovereign Default Rating from BB- to B+.

April 14, 2011
Calculations for Payments on Venezuela Oil Obligations Announced.

April 13, 2011
Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.

December 21, 2010
Skye Ventures v. Venezuela.

October 7, 2010
Calculations for Payments on Venezuela Oil Obligations Announced.

September 28, 2010	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
May 18, 2010	Venezuela Published New Foreign Exchange Regulation (in Spanish).
April 1, 2010	Calculations for Payments on Venezuela Oil Obligations Announced.
March 10, 2010	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
October 13, 2009	Calculations for Payments on Venezuela Oil Obligations Announced.
September 30, 2009	"Venezuela: A Good Offense is the Best Offense." Presentation by Ruth de Krivoy, Economic Advisor to Global Source and Former President of the Central Bank of Venezuela. Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
April 14, 2009	Calculations for Payments on Venezuela Oil Obligations Announced.
March 10, 2009	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
December 15, 2008	Fitch Downgrades Venezuela's Issuer Default Rating from BB- to B+.
October 10, 2008	Calculations for Payments on Venezuela Oil Obligations Announced.
September 23, 2008	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 26. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
April 9, 2008	Calculations for Payments on Venezuela Oil Obligations Announced.
March 24, 2008	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 15 Expected. Trades are "Ex-Dividend" on March 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 20, 2008	Mobil Cerro Negro v. PDVSA - Reasons for Judgment to Discharge Freeze in the UK.
March 18, 2008	Mobil Cerro Negro v. PDVSA - Summary of Order to Discharge Freeze in the UK.
March 11, 2008	Mobil Cerro Negro v. PDVSA - Oral Argument in US.
February 22, 2008	Mobil Cerro Negro v. PDVSA - SDNY Orders Confirming Attachments and Authorizing Deposit of Funds.
February 20, 2008	Moody's Comments on Legal Injunctions Against Petroleos de Venezuela, S.A.
February 13, 2008	Mobil Cerro Negro v. PDVSA - US Attachment Orders.
February 11, 2008	Standard & Poor's Statement: Petroleos de Venezuela S.A., Venezuela, And Related Issuers Ratings Unaffected By Court Ruling.
February 8, 2008	Mobil Cerro Negro v. PDVSA - UK Freeze Order. Fitch Ratings Statement: British Court Order to Freeze PDVSA Assets To Have Minimal Near-Term Impact.
January 10, 2008	Market Practice Recommendation Regarding the Fungibility of Venezuela Oil Obligations.
November 20, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants , and EMTA Advisories Regarding Venezuela Oil Obligations and Their Related Payments and Nigeria Payment Adjustment Warrants and Their Related Payments.
October 16, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
September 24, 2007	Venezuela Oil Obligations Record Date of September 28 and Payment Date of October 15 Expected. Trades are "Ex-Dividend" on September 26. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
September 21, 2007	Ellington v. HSBC.
September 10, 2007	Ellington v. HSBC.
August 3, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
June 7, 2007	Netting and Offset Facilities Completed for Nigeria and Venezuela Warrants. EMTA Summer Forum in London to be Held on June 28, 2007. Details TBA.
June 6, 2007	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants.
May 23, 2007	Seguros Caracas de Liberty Mutual v. Goldman Sachs.
May 15, 2007	Moody's Downgrades Cerro Negro - Merrill Lynch Commentary.
May 14, 2007	Moody's Downgrades Cerro Negro from B1 to B3.
May 2, 2007	Venezuela Statement Regarding IMF and IBRD Membership.
April 5, 2007	Calculations for Payments on Venezuela Oil Obligations Announced.
April 4, 2007	Venezuela Oil Obligations Record Date of March 30 and Payment Date of April 16 Expected. Trades are "Ex-Dividend" on March 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
January 31, 2007	Market Advisory on the Fungibility of Venezuela Oil Obligations.
October 25, 2006	EMTA Advisory Regarding Venezuela Oil Obligations and Their Related Payments.
October 6, 2006	Calculations for Payments on Venezuela Oil Obligations Announced.
August 21, 2006	EMTA Announces 2Q 2006 Debt Trading Volume Stood at US$1.659 Trillion. Venezuela Oil Obligations Record Date of September 29 and Payment Date of October 16 Expected. Trades are "Ex-Dividend" on September 27. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
July 26, 2006	EMTA Market Practice Recommendation Regarding Venezuela Oil Obligations and Their Related Payments.
April 13, 2006	Venezuela to Redeem Par and Discount Series B Bonds - Fiscal Agent Notice.
April 10, 2006	Calculations for Payments on Venezuela Oil Obligations Announced.
March 28, 2006	Venezuela Oil Obligations Record Date of March 31 and Payment Date of April 17 Expected. Trades are "Ex-Dividend" on March 29. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
March 17, 2006	Venezuela to Redeem Par and Discount Series A Bonds - Fiscal Agent Notice. Calculations for Payments on Mexico VRR's, Series D, Announced and Revised Primer.
February 25, 2006	Venezuela Announces Plans to Retire All Outstanding Par and Discount Bonds. Click Here for Spanish Version.
February 22, 2006	Revised Primers for Venezuela Oil Obligations and Nigeria Payment Adjustment Warrants.
February 15, 2006	EMTA Announces Its Proposed Multilateral Netting Facility for Venezuela Oil Obligations. EM Sovereign Bond Chart for Iraq.
February 3, 2006	Standard & Poor's Upgrades Venezuelan Long-Term Rating to BB-.
October 5, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
September 21, 2005	EMTA Market Recommendation Regarding Venezuela Oil Obligations.
September 14, 2005	Venezuela Oil Obligations Record Date of September 30 and Payment Date of October 17 Expected. Trades are "Ex-Dividend" on September 28. Calculations for Payments on the Oil Obligations will be Announced by the Fiscal Agent Shortly.
August 12, 2005	Standard & Poor's Raises Long-Term Foreign Currency Rating on Venezuela at B+.
June 17, 2005	EMTA Market Recommendation Regarding Venezuela Oil Obligations and Revised Primer.
April 4, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
February 28, 2005	Calculations for Payments on Venezuela Oil Obligations Announced.
February 18, 2005	Venezuela Announces Oil Payment.
January 27, 2005	Statement from Venezuelan Finance Ministry on Oil Obligations.
January 24, 2005	Commentary from CFSB on Venezuela Oil Obligations.
January 20, 2005	Commentary from JP Morgan on Venezuela Oil Obligations.
January 19, 2005	Statement from Venezuelan Finance Ministry and Associated Press on Paying Oil Obligations.
January 18, 2005	Standard & Poor’s Lowers Venezuela’s Long- and Short-Term Foreign Currency Ratings to ‘SD’ from ‘B’. Excerpts from Venezuela Oil Obligation Certificate, Venezuela Discount and Par Bonds and Fiscal Agency Agreement. EMTA's Primer on the Oil Obligations.
December 2, 2004	Presentation by Tobias Nobrega, Minister of Finance of the Bolivarian Republic of Venezuela, at the EMTA Annual Meeting. Minister Nobrega Announces VEB Devaluation at EMTA Annual Meeting - Commentary from Luis Oganes (J.P. Morgan). EMTA Annual Meeting Buy Side Panel - "Switch to the Local" by James Crombie, IFR. EMTA Annual Meeting Sell Side Panel - Market Views on Key Variables for 2005. EMTA Annual Meeting Handouts: Biography of Tobias Nobrega, Minister of Finance of the Bolivarian Republic of Venezuela, Investor Panelist Biographies, Sell Side Panelist Biographies, Meeting Agenda.
November 8, 2004	EM Sovereign Bond Chart for Venezuela.
October 6, 2004	Mendoza Province of Argentina Responds to Legal Action. Notice from the Fiscal Agent Regarding Delay in Venezuela Warrant Calculation.
September 8, 2004	EMCC Notice Regarding Exiting of Failed Warrant Transactions.
September 19, 2003	EM Sovereign Bond Documentation Chart for Venezuela.
July 30, 2003	Venezuela BuyBack of Brady Bonds.
May 21, 2003	EMTA Issues New NDF Market Practice for VEB/USD Non-Deliverable FX and Currency Option Transactions.
February 6, 2003	The Gaceta Oficial de la Republica Bolivariana de Venezuela Dated February 5, 2003 Publishes New Regulations Establishing a New Foreign Exchange Regime in Venezuela Centralizing the Buying and Selling of Foreign Exchange with the Banco Central de Venezuela, Fixing an Official VEB/USD Exchange Rate and Establishing a New Administration (CADIVI) to Administer the New Regime and to Issue Implementing Regulations.
January 28, 2003	EMTA Issues New VEB NDF Market Practice.
December 3, 2001	New Venezuela Market Practices for the Separate Trading of USD Discount and Par Bonds and their Related Oil Obligations, Together with a Revised Primer.
November 15, 2001	Primer on Venezuela Oil-Indexed Payment Obligations. Citibank Distributing Late Nigeria Warrant Payment Today.
10:30 A.M. December 5, 2000	Venezuela Affirms Interest Payment Made on Par Bonds; Euroclear Confirms Receipt. Delay Due Solely to Technical Glitch. For Further Information, Contact Fiscal/Paying Agent at (212) 946-3013/3026.
September 27, 1996	Market Practice for trades of Brady bonds with related Rights or Warrants.