The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]
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Carlos Mendoza Potellá said Venezuelan oil production will not recover quickly The Daily Journal.- Economist and oil industry expert Carlos Mendoza Potellá said Venezuela has approximately 17,000 abandoned oil wells that the country could reactivate; however, he warned that the process could take years. “We have 17,000 production-capable wells that we abandoned a long time […]
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Fina raised seed funding from investors in the United Kingdom, the U.S., Chile and Brazil to expand its platform across Venezuela The Daily Journal.- Venezuelan startup Fina, which focuses on digitalizing small and medium-sized businesses, raised US$1 million in a seed funding round to support its expansion in the domestic market. International funds participating in […]
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The Daily Journal.- Venezuela’s oil production has surpassed 1.23 million barrels per day (bpd), reaching its highest level since February 2019, acting President Delcy Rodríguez reported. “Amid the emergency, our oil production did not stop. Today, it exceeds 1.23 million barrels per day, its highest level since February 2019,” Rodríguez said in an address to […]
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The Daily Journal.- Acting President Delcy Rodríguez said Monday that the gap between Venezuela’s official exchange rate and the parallel market rate fell from nearly 30% to 12.3% over the past two months as a result of the government’s policies. “We are also reducing the exchange rate gap. Over these two months, we have brought […]
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The Daily Journal.- Banco de Venezuela (BDV), the country’s leading financial institution, has launched a digital application process for housing loans aimed at families affected by the June 24 earthquakes as part of the government’s Venezuela Renace Fund program. The program offers financing and government subsidies for home purchases, with terms that vary by property […]
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Listen to the editorial here: https://clyp.it/cfefjw40 Julio A. López, Editor-in-Chief.– Every investor needs precise and detailed information before committing resources, and in an industry as capital-intensive as hydrocarbons, having reliable data proves even more decisive. The enormous expectations that the 916 business opportunities announced by Venezuela have generated in the energy market have led us to […]
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The Daily Journal.- Gasoline production in Venezuela has reached a strategic milestone of at least 100,000 barrels per day, according to recent data from the hydrocarbons sector. This figure marks significant progress for PDVSA and helps stabilize the country’s energy supply. According to sources at the Ministry of Hydrocarbons, this production level “makes it possible […]
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The Daily Journal.— Venezuela is on track to lead economic activity in Latin America and the Caribbean in 2026, with projected growth of 6.5%, according to the Economic Commission for Latin America and the Caribbean (ECLAC), which unveiled the forecast in its latest annual report. The projected performance of the Venezuelan economy stands out across […]
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