The Daily Journal — Venezuela’s Acting President Delcy Rodríguez said on Monday that the economic impact of the June 24 earthquakes remained “localized” and stated that the country’s main sources of revenue continue to grow, including oil production, which she said has reached 1.2 million barrels per day. Speaking at a National Economic Council meeting […]
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The Daily Journal — Inflation in Venezuela reversed its slowdown in June, returning to double-digit monthly levels, according to figures from the National Consumer Price Index (NCPI). The index recorded a 13.8% increase in the sixth month of the year, more than double the 6.3% posted in May. The rebound ended four consecutive months of […]
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Listen to the audio of the Editorial Summary here: https://clyp.it/mdkelqzu Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, and infrastructure. The legal reform opened […]
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The Daily Journal — Rebuilding the areas devastated by the June 24 earthquakes exceeds the Venezuelan government’s fiscal capacity and will require the country to secure extraordinary sources of financing to cover an investment that could reach $15 billion, economist José Guerra said. The former congressman argued that the deterioration of public finances prevents the […]
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Audio summary of the news article: https://clyp.it/l3hja4yp PDF of the Regulations of the Organic Hydrocarbons Law: https://drive.google.com/file/d/1j6NvstM1su_GMrxLxW82bveTjvVBdm1X/view?usp=sharing Julio A. López, Editor-in-Chief. — Geology does not write checks, drill wells, or rebuild pipelines. Venezuela has oil and gas, including known oil and gas fields. The problem lies in converting that geological wealth into financeable projects, production, employment, taxes, […]
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By Julio A. López, Editor-in-Chief — Venezuela’s map of gas transportation projects reveals far more than a network of pipelines. It illustrates the scale of the challenge the country faces in transforming its vast natural gas resources into an efficient supply for households, industries, power plants, petrochemical complexes, and eventually, export markets. The first conclusion […]
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The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]
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The Daily Journal — Acting President Delcy Rodríguez announced that Venezuela’s oil sector expanded by more than 9% during the second quarter of the year. She added that the industry also posted year-over-year growth exceeding 10% compared with the same period in 2025. “The hydrocarbons sector remains active and continues to recover. During this second […]
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The Daily Journal — Acting President Delcy Rodríguez announced the launch of an emergency mortgage program as part of a broader package of economic measures to address the aftermath of the June 24 earthquakes. The program will provide subsidies covering up to 80% of eligible financing. Rodríguez said the government will implement the initiative in […]
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