The United States is giving $247 million in humanitarian aid and $89 million in economic and development aid to Venezuelans, State Department spokesman Ned Price said in a statement on Continue Reading
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs Continue Reading
OPEC’s secretary general, Mohammad Sanusi Barkindo, visited the Bolivarian Republic of Venezuela at the invitation of its government to celebrate OPEC’s 61st anniversary. OPEC has announced that its secretary general, Continue Reading
Venezuela’s heavy oil project reserves will be left stranded as international players divest their interest, according to GlobalData. Venezuela’s heavy oil project reserves will be left stranded as international players Continue Reading
The United States on Friday extended its protection of Venezuelan-owned U.S. refiner Citgo Petroleum Corp (PDVSAC.UL) from possible seizure by creditors through Jan. 21, 2022, according to a notice on Continue Reading
Venezuela’s near-collapse and strict U.S. sanctions are creating an opportunity for Russia, Iran and China to strengthen their presence in Latin America, a region that for decades has been under Continue Reading
The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry. According to a Bloomberg Continue Reading
Crude output in Venezuela’s key Orinoco oil belt plunged by a quarter to less than 300,000 barrels per day (bpd) in August due to a shortage of diluents needed to Continue Reading
Japanese oil company Inpex Corp sold two Venezuelan oil and gas assets to Caracas-based Sucre Energy Group, three people familiar with the transaction said, as multinational firms retreat from the Continue Reading
Venezuela’s socialist government sees the swap it made last week of shares in a Dominican oil refinery for defaulted bonds as a possible model for future deals, as it seeks Continue Reading
