8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): June 30, 2005

Harvest Natural Resources, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

Delaware	1-10762	77-0196707
_____________________ (State or other jurisdiction	_____________ (Commission	______________ (I.R.S. Employer
of incorporation)	File Number)	Identification No.)
1177 Enclave Parkway, Suite 300, Houston, Texas		77077
_________________________________ (Address of principal executive offices)		___________ (Zip Code)

Registrant’s telephone number, including area code: 281-899-5720

Not Applicable
______________________________________________
Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

On June 30, 2005, Harvest Natural Resources, Inc. ("Harvest") issued a Press Release (the "Press Release") regarding its Venezuelan affiliate, Harvest Vinccler C.A. ("HVCA"). This Press Release states that HVCA received $27 million in U.S. dollars and 58 billion bolivars as partial payment for its 2005 first quarter deliveries of oil and gas to Petroleos de Venezuela, S.A. (PDVSA).

The foregoing is qualified by reference to the Press Release which is furnished as an exhibit to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Press release dated June 30, 2005, stating that HVCA received a partial payment from PDVSA for first quarter 2005 deliveries of oil and gas.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Harvest Natural Resources, Inc.
June 30, 2005	By:	Kerry R. Brittain
		Name: Kerry R. Brittain
		Title: Senior Vice President & General Counsel

Exhibit Index

Exhibit No.	Description
99.1	Press release dated June 30, 2005, stating that HVCA received a partial payment from PDVSA for first quarter 2005 deliveries of oil and gas.

EX-99.1

HARVEST NATURAL RESOURCES
RECEIVES PARTIAL PDVSA PAYMENT

HOUSTON, TX (June 30, 2005) – Harvest Natural Resources, Inc. (NYSE: HNR) today announced that Harvest Vinccler, C.A. (HVCA), its 80 percent owned Venezuelan subsidiary, received $27 million in U.S. dollars and 58 billion bolivars (the local Venezuelan currency equivalent to $27 million U.S. dollars at the official exchange rate) as partial payment for its 2005 first quarter deliveries of oil and gas to Petroleos de Venezuela, S.A. (PDVSA). The amount of the payment due May 31, 2005 was $64 million.

Harvest President and Chief Executive Officer, Dr. Peter J. Hill, said, “While we acknowledge the delayed partial payment, the payment shortfall and receipt of a portion of the fee in bolivars are not consistent with the terms of our operating service agreement. We are hopeful of resolving the payment issues and negotiating other outstanding items to the mutual benefit of Harvest and PDVSA as we seek to transition HVCA to a mixed company.”

Harvest Natural Resources, Inc. headquartered in Houston, Texas, is an independent oil and gas development and production company with principal operations in Venezuela and an office in Russia. For more information visit the Company’s website at www.harvestnr.com.

CONTACT:

Steven W. Tholen
Senior Vice President, Chief Financial Officer
(281) 899-5714

Amanda Koenig
Investor Relations
(281) 899-5716

“This press release may contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts may constitute forward-looking statements. Although Harvest believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from Harvest’s expectations as a result of factors discussed in Harvest’s 2004 Annual Report on Form 10-K and subsequent reports.”