News Venezuela Business: Continental Resources strikes Venezuela oil development deal
Continental Resources reached an agreement with PDVSA to develop crude oil in Venezuela's Orinoco Belt. The Ayacucho 2 Block holds an estimated 30 billion barrels of oil.
News Venezuela Business: Dollar scarcity in Venezuela forces small firms to raise prices, turn to crypto
In central Venezuela, the owner of a mid-size pharmaceutical factory scrambles to obtain dollars to import chemicals and other ingredients for his headache and fever remedies. But he, like many other Venezuelan business owners, is frequently unsuccessful. The hurdles include an official system for allocating U.S. currency that disfavors small and medium companies and an ongoing shortage of dollars, despite government promises of improvement.
News Venezuela Business: Chevron oil drilling efforts in Venezuela blasted as 'stupidity,’ nonsensical
"None of this makes any sense," Peek told FOX Business’ Maria Bartiromo as Venezuela’s oil is considered heavier and dirtier compared to U.S. oil. US TREASURY AUTHORIZES CHEVRON TO EXPAND OIL ...
News Venezuela Business: Ex-U.S. Rep. David Rivera arrested. Charges tied to $50 million Venezuela consulting deal
Former Miami Congressman David Rivera was arrested Monday on federal criminal charges, including failing to register as a foreign agent for Venezuela, stemming from his $50 million consulting contract with the country’s oil company that supposedly aimed to improve its tarnished image in the United States. Rivera, a once-influential player in South Florida politics, and his former Miami-Dade ...
News Venezuela Business: Venezuela's PDVSA, Chevron to address joint venture workers after license
Venezuelan energy officials and Chevron executives plan to address workers in their joint ventures this week as they prepare for the first major foreign participation in Venezuelaâs oil industry in years, four sources close to the matter said.
News Venezuela Business: Gasoline queues return in Venezuela as refineries fail to produce
By Tibisay Romero and Mircely Guanipa VALENCIA/MARACAY, Venezuela (Reuters) -Long lines for motorists at Venezuela's refueling stations are back due to repeated outages at state oil company PDVSA's refineries and a lack of diesel and gasoline imports. In 2020 and again in 2021, drivers had to line up for days to get gasoline and farmers halted work because of insufficient diesel. The shortages
News Venezuela Business: Business associations of Venezuela and Colombia initiate agenda for the resumption of binational relations
Trade unions from Táchira and Norte de Santander (Colombia) will start working groups in the coming days to create an agenda that allows, in the short and medium term, the reactivation of trade and binational integration between Venezuela and Colombia, after seven years of partial and total closure of international bridges between Táchira State and "Norte de Santander" Department.
News Venezuela Business: Siemens to Help Rebuild Venezuela’s Electricity Grid
(Bloomberg) -- Venezuela is in talks with the global energy giant Siemens Energy AG to repair power plants as part of a government plan to rebuild a crumbling electricity grid plagued by constant blackouts and a lack of maintenance. Siemens is working with the government on potential contracts aimed at repairing gas- and diesel-burning generation facilities that serve the capital, Caracas, as well as those that supply electricity to infrastructure used by the oil industry, according to the compa
News Venezuela Business: America's future could resemble Venezuela's if we don't push back
Itâs past time to limit the power of government and demand better constitutional checks and balances, integrity, and accountability. The American constitutional republic has succeeded beyond measure for over two centuries, and we cannot be the generation that lost it.
News Venezuela Business: Venezuela's economy grew 17% in Q1, says central bank president
Venezuela's economy grew 17.04% year-on-year in the first quarter of 2022, the country's central bank president said on Tuesday.
News Venezuela Business: Venezuela opens probe into table-top mountain 'party'
SOS Orinoco said the party was held to celebrate the birthday of a business chief whose company was hired by the government to promote tourism in Venezuela. The Canaima National Park is home to the ...
