Tag: Venezuela

Categories Latin America

Maduro’s Oil Bonanza: Under What Conditions Will Energy Giants Return to Venezuela?

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Oil companies are reportedly considering returning to Venezuela after President Nicolas Maduro signalled that he was ready to end the monopoly of state-owned Petroleos de Venezuela SA (PDVSA) and open the industry up to foreign investments earlier this year, according to Bloomberg. … Read More >Maduro’s Oil Bonanza: Under What Conditions Will Energy Giants Return to Venezuela?

Categories Latin America

Venezuela says natural gas plant explosion was ‘terrorist attack’ targeting sanctioned state-run energy company (VIDEOS)

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The Venezuelan petroleum minister said that Saturday’s powerful explosion and blaze at a gas plant was the result of a terrorist attack. The plant belongs to the state-run energy company (PDVSA), which was sanctioned by the US. … Read More >Venezuela says natural gas plant explosion was ‘terrorist attack’ targeting sanctioned state-run energy company (VIDEOS)

Categories Latin America

US to Increase Pressure on Venezuela’s Maduro ‘Multilaterally’

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The United States plans to multilaterally increase pressure on Venezuela’s president, Nicolas Maduro, by working with global partners to bring about an electoral solution to the ongoing political crisis in the country, a senior US administration official told reporters. … Read More >US to Increase Pressure on Venezuela’s Maduro ‘Multilaterally’

Categories Latin America

Venezuelan Opposition Claims Caracas Sent Over $1 Bln in Gold to Mali in Bullion-for-Cash Scheme

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Caracas has been forced to come up with some creative ways to come up with funds amid crushing US sanctions targeting its energy sector, exports, and even the import of basic necessities like medical supplies. The crisis has been compounded by the freezing and seizure of tens of billions of dollars in Venezuelan assets held abroad. … Read More >Venezuelan Opposition Claims Caracas Sent Over $1 Bln in Gold to Mali in Bullion-for-Cash Scheme

Categories Journalism & Mass media

US ‘virtual ambassador’ to Venezuela hosts insurrectionist summit ahead of Biden’s Guaidó recognition

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A closed-door Bogotá summit of fugitive Venezuelan insurrectionists highlighted James Story’s role as Washington’s manager of the radical right-wing opposition. So who is the US “virtual ambassador” to Venezuela? … Read More >US ‘virtual ambassador’ to Venezuela hosts insurrectionist summit ahead of Biden’s Guaidó recognition

Categories Latin America

72 hours to leave: EU envoy to Venezuela told to pack her bags after Brussels brings new sanctions over elections & rights abuses

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The head of the EU’s delegation to Venezuela has been told she has just 72 hours to leave after being expelled by Caracas in response to Brussels expanding its sanctions on Venezuelan officials for “undermining democracy.” … Read More >72 hours to leave: EU envoy to Venezuela told to pack her bags after Brussels brings new sanctions over elections & rights abuses