The Daily Journal — Swedish financial services firm Maha Capital announced on Monday that it reached a definitive agreement to acquire the remaining 40% stake that Novonor Latinvest Energy held in Odebrecht E&P España (OE&P). The transaction carries a total value of $37.5 million. Through this strategic move, the European company strengthens its position in […]
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For economist Hermes Pérez, Venezuela must urgently reform its state apparatus to “control future debt payments” and “reduce inflation.” We recently spoke with the researcher, who used clear and accessible language to explain Venezuela’s complex economic situation. Yahvé Álvarez – Journalist and Historian Hermes Pérez is a distinguished researcher and university professor. During his 31-year […]
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The Daily Journal — Venezuela’s oil exports have surged to 1.25 million barrels per day (bpd), marking the highest export volume the country has recorded in the past seven years. John Barrett, the U.S. diplomatic representative in Venezuela, disclosed the information in an official statement published on the U.S. Embassy’s X account in Caracas. According […]
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Reuters — Energy company IMPSA has made progress in renegotiating a contract to develop and rehabilitate two key hydroelectric projects in Venezuela, a move that could add up to 672 megawatts of generating capacity to the national power grid in the coming months, company President Jorge Salcedo told Reuters. More than a decade ago, IMPSA—originally […]
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The Daily Journal — Venezuela is preparing to host the Venezuela Energy Week international summit in October 2026, an energy-sector gathering through which the country hopes to attract up to $100 billion in investment as part of its strategy to revive the oil industry. The event will take place in Caracas from October 26 to […]
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The Daily Journal — The governments of Turkey and Venezuela agreed to deepen economic and commercial cooperation during a meeting held Monday between Venezuela’s acting president, Delcy Rodríguez, and Turkish President Recep Tayyip Erdoğan at the Dolmabahçe Presidential Office in Istanbul. According to the Turkish Presidency, both sides reviewed mechanisms to expand bilateral trade and […]
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The Daily Journal — José Gregorio Rodríguez, president of Consecomercio, said the business association raised the possibility of exploring a free trade agreement between Venezuela and the United States during a meeting with U.S. Chargé d’Affaires in Venezuela John Barrett, describing the initiative as an issue “that interests all of us.” Rodríguez explained that the […]
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José Gregorio Yépez Economists who follow Venezuela closely agree that the U.S. dollar exchange rate plays a central role in shaping the country’s current economic reality. Price behavior in Venezuela remains closely tied to fluctuations in the value of the U.S. currency in the local market. As a result, maintaining exchange-rate stability has become a […]
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As part of its international cooperation agenda, Acting President of the Bolivarian Republic of Venezuela, Delcy Rodríguez, met in India with business leaders and representatives of Gujarat’s private industrial sector to forge strategic partnerships in the food and energy sectors that would benefit both countries. Executives from Amul participated in the meeting. The company ranks […]
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The Daily Journal — During her official visit to India, Venezuela’s Acting President Delcy Rodríguez toured the facilities of the Jamnagar Refinery on Friday for a technical inspection after completing a series of high-level political meetings in the Indian capital. Rodríguez’s visit to the world’s largest refining complex forms part of the Venezuelan government’s strategy […]
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