The Daily Journal — A delegation from Venezuela’s private sector held a high-level meeting in Berlin with the German Chamber of Commerce and Industry (DIHK). The main objective was to present Venezuela’s investment portfolio and the wide range of business opportunities currently available in the country. The German-Venezuelan Chamber of Commerce (AHK Venezuela) organized and […]
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The Daily Journal — The Brazilian Embassy in Caracas held a successful meeting with business associations and private-sector representatives to boost economic ties between the two countries. Venezuelan participants had the opportunity to exchange ideas with the Brazilian Multisector Business Mission and to identify new strategic investment and cooperation opportunities. The delegation received support from […]
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The Daily Journal — After months of disruptions caused by the conflict between the United States and Iran, India restored normal oil import levels during June. Record shipments from Russia, along with increased supplies from Angola, Iran, Venezuela, Brazil, and the United Arab Emirates, helped offset logistical bottlenecks stemming from the closure of the Strait […]
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The Daily Journal — Venezuela earned $5.491 billion from oil exports during the first quarter of the year, according to figures that the Central Bank of Venezuela (BCV) released on Monday. The amount represents a 21% increase over the same period in 2025, when the country received $4.518 billion. Higher crude oil sales drove revenue […]
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Bloomberg — Venezuela’s state-owned oil company, facing staffing shortages, has hired international law firm Greenberg Traurig to help streamline contract negotiations with numerous companies ahead of a key regulatory deadline in August. The law firm confirmed its relationship with Petróleos de Venezuela S.A. (PDVSA) in an emailed statement. “Greenberg Traurig is advising PDVSA on potential […]
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The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]
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The Daily Journal. — U.S. corporations White Hilt Capital and Sunergon Oil Operating have formed a strategic alliance to support the development, production, and export of oil and gas in Venezuela’s Orinoco Oil Belt. Alejandro Terán Martínez, president of the Latin American Association of Oil Professionals of Texas (ALEP) and chief executive officer of Sunergon, […]
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The Daily Journal — Petróleos de Venezuela S.A. (Pdvsa) and Spanish energy corporation Repsol signed a new Memorandum of Understanding on oil and gas cooperation this Tuesday at Miraflores Palace in Caracas. According to official information, the agreement seeks to drive a large-scale revival of Venezuela’s hydrocarbon industry. Officials finalized the deal during a high-level […]
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The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]
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The Daily Journal — The strategic agreement signed Monday between the Venezuelan government and General Electric will add 1,000 megawatts to the National Electric System (SEN) within two years and more than 5,000 megawatts over the next four years, President Delcy Rodríguez said. Roger Martella, Chief Corporate Officer of General Electric Vernova, stated that the […]
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