The Daily Journal — The Venezuelan government has restructured its legal defense abroad as part of its efforts to prevent the loss of one of its most valuable assets. According to Reuters, Venezuelan authorities hired the international law firm Greenberg Traurig to represent the country in its multibillion-dollar legal dispute with Canadian mining company Crystallex. […]
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The Daily Journal — Venezuela’s Acting President, Delcy Rodríguez, held a high-level meeting at Miraflores Palace with a delegation from the multinational corporation Trafigura, led by its Chief Executive Officer, Richard Holtum. According to official information, the meeting brought together Hydrocarbons Minister Paula Henao, Economy and Finance Minister Anabel Pereira Fernández, and PDVSA President Héctor […]
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The Daily Journal — The Venezuelan government signed an agreement with energy giant Shell plc to increase light crude oil production in northern Monagas State, providing a key input for processing heavy crude from the Orinoco Oil Belt. Acting President Delcy Rodríguez led the signing ceremony with Shell representatives, formally launching Phase I of the […]
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The Daily Journal — State-owned oil company Petróleos de Venezuela S.A. (PDVSA) announced on Thursday that its officials and representatives from Shell plc inspected a major gas reception and distribution complex in eastern Venezuela to assess infrastructure improvements and production expansion efforts. According to a statement PDVSA shared on Telegram, PDVSA President Héctor Obregón and […]
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The Daily Journal — The president of Petróleos de Venezuela S.A. (PDVSA), Héctor Obregón, praised the strategic partnership between the Venezuelan state-owned oil company and Schlumberger Limited following the signing of a memorandum of understanding. Speaking from Miraflores Palace during an event led by Acting President Delcy Rodríguez, Obregón said the agreement comes “at the […]
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The Daily Journal.— Venezuela’s Ministry of Transportation recently announced the resumption of commercial operations by Consolidada de Ferrys (Conferry) on its traditional route between Puerto La Cruz, Anzoátegui State, and Margarita Island, Nueva Esparta State. The company plans to restart services on Friday, June 26, 2026. In a press release, the ministry explained that ticket […]
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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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