The Daily Journal.— Interior Minister and PSUV Secretary General Diosdado Cabello sharply criticized sectors of the Venezuelan opposition that do not participate in the negotiating table with the government. According to Cabello, these groups seek to “implode” the dialogue process, which aims to advance a democratic transition and support the country’s recovery following the June […]
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Julio A. López, Editor-in-Chief.— Venezuela’s offshore gas map is being redrawn. Chevron transferred its licenses in Blocks 2 and 3 of the Deltana Platform — home to the Loran and Macuira gas fields — to Pdvsa in exchange for strengthening its position in the Orinoco Belt’s heavy crude sector. Weeks later, BP moved into that […]
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The Daily Journal.— Material losses from the magnitude 7.4 earthquake that struck southwestern and central Colombia have reached a preliminary estimate of 30 trillion pesos (about $9.589 billion), Colombian President Abelardo De La Espriella said. During a televised address on Monday, the president presented an initial assessment of the earthquake’s economic impact, which struck a […]
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The Daily Journal.— An earthquake with a magnitude above 4 struck early Tuesday morning, with its epicenter in La Guaira state, acting President Delcy Rodríguez reported on social media. In a message posted at 3:43 a.m., Rodríguez said the earthquake occurred at approximately 3:20 a.m. and that authorities immediately activated contingency protocols. “I want to […]
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The Daily Journal. — The death toll from the June 24 earthquakes has risen to 6,438, according to figures released Monday by Delcy Rodríguez’s administration. The official report also indicates that healthcare facilities nationwide have treated 86,358 people. Infrastructure damage assessments and housing allocation Technical teams have inspected 59,109 properties to determine the extent of […]
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The Daily Journal.— The Family Food Basket (CAF) cost $727.89 in July, equivalent to 516,804.22 bolivars, according to Óscar Meza, director of the Documentation and Social Analysis Center of the Venezuelan Federation of Teachers (Cendas-FVM). According to the institution’s monthly report, the price in U.S. dollars fell by 3.77%, or $28.56, compared with June. In […]
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The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]
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The Daily Journal.— U.S. refiner Citgo posted record exports of ultra-low-sulfur diesel (ULSD) from its Brownsville, Texas, terminal during the second quarter, as the prolonged war between the United States and Iran continued to restrict global supplies of the fuel. According to the company’s earnings release, second-quarter ULSD export sales in Brownsville more than doubled […]
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The Daily Journal.— The release of Venezuela’s international reserve assets in gold held at the Bank of England will depend on the implementation of international audits and the transfer of the proceeds to a U.S. Department of the Treasury account, Ramón López, a delegate from the 2015 National Assembly, said in an interview with a […]
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Recovering the gold deposited in England and reshuffling the deck for the selection of Supreme Court justices are announcements that, if they materialize, would give the first dialogue process since January 3 an early victory. José Gregorio Yépez The resumption of negotiations between the Executive Branch and one sector of the opposition once again brings […]
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