The Daily Journal.— Activating each oil rig in Venezuela will create around 200 direct jobs, according to data from Petróleos de Venezuela (PDVSA) cited by Acting President Delcy Rodríguez. “Each rig activates 200 jobs, 200 workers,” Rodríguez said during the inauguration of a boulevard in Puerto La Cruz, Anzoátegui state. Rodríguez said job creation will […]
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The Daily Journal.— President Donald Trump’s administration seeks greater U.S. access to Venezuela’s mineral resources, including gold, after securing control over 65 billion barrels of the South American country’s proven oil reserves. In that regard, the U.S. administration has expanded its efforts to gain influence over the Caribbean nation’s vast natural resources beyond hydrocarbons, according […]
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The Daily Journal.— Venezuela ranked among India’s five largest oil suppliers during the six months of war in Iran, accounting for nearly 5% of the Asian giant’s total imports, according to data from analytics firm Kpler. Venezuela joined Brazil in the Russia-led group, followed by the United Arab Emirates and Saudi Arabia, as the global […]
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The Daily Journal.— Labor representatives from Siderúrgica del Orinoco (Sidor) and various productive sectors in eastern Venezuela met in Caracas to consolidate a space for dialogue and present proposals aimed at improving workers’ socioeconomic conditions. The meeting brought together delegates from Bolívar, Anzoátegui, and Monagas states representing 25 industrial sectors. Among the priorities outlined in […]
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The Daily Journal.— Opposition leader and former presidential candidate Enrique Márquez said Monday that the initiative promoted by Pacto por Venezuela seeks to restore the conditions necessary to rebuild the country’s institutions, revive the economy and achieve an effective transition to democracy. “Washington’s role in Venezuela’s transition is indispensable,” he stressed. Márquez made the remarks […]
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First, Leticia helped her partner, Gabriel, find the body of his teenage daughter. But the two decided to continue living in a tent beside the ruins to help others. Vanessa Davies Leticia Alfonso left everything behind. Literally: she walked away from her job and her life to move into a tent beside the devastation that […]
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The Daily Journal.— Venezuela’s Ministry of Public Works officially released a list of 39 buildings slated for demolition in La Guaira state after authorities identified severe structural damage caused by the earthquakes that struck on June 24. The government issued the order as part of a technical risk-mitigation plan that authorities launched in urban areas […]
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The mechanism means that Venezuela, “an impoverished country, is subsidizing a rich country like the United States,” the economist said Neirlay Andrade.— Venezuela could face a fiscal sacrifice of around US$6 billion under the terms of the new oil agreement with the United States, according to an estimate presented Tuesday by economist José Guerra, who […]
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The Daily Journal. — Economist Francisco Rodríguez questioned the financial structure of the agreement signed with the United States to develop 17 Venezuelan oil fields. He warned that, based on the terms publicly presented so far, Venezuela would hand over strategic assets and supply crude oil under preferential terms without receiving guarantees in return. In […]
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The Daily Journal. — Petróleos de Venezuela S.A. (PDVSA) aims to increase production to 1.3 million barrels per day this year and 1.5 million in 2027, supported by the entry of private operators, the reactivation of drilling rigs and the adoption of new technologies, the company’s Executive Vice President Jovanny Martínez said. The target is […]
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