Economy Archives - Page 25 of 28

Venezuela to Restructure National Assets: Auctions, Stock Market Listings, and Return of Seized Properties

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Special Commission for the Evaluation and Classification of Public Assets, recently created by Venezuela’s acting president, Delcy Rodríguez, is developing strategies to restructure the nation’s assets. Businessman Luigi Pisella, a member of the commission, revealed that the plan includes returning properties affected by unfinished expropriation processes, opening key sectors such […]

India Raises Multi-Million-Dollar Debt Claims Against Venezuela During Delcy Rodríguez Visit

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Government of India confirmed that discussions during Venezuelan Acting President Delcy Rodríguez’s visit to New Delhi included one central issue: outstanding debts owed to Indian companies, especially in the oil and pharmaceutical sectors, most of which accumulated before and during international sanctions on Caracas. During a press briefing, Rudrendra Tandon, […]

India Seals Oil Alliance with Venezuela Amid Rising Tensions in the Middle East

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — India formalized its strategy to deepen energy ties with Venezuela after the official meeting between Prime Minister Narendra Modi and Acting President Delcy Rodríguez. Indian authorities described the relationship between the two countries as strategic, driven by the urgent need to secure energy supplies. During a special press briefing, Shri Rudrendra […]

Bloomberg: IMF Names New Mission Chief for Venezuela as Economic Ties Resume

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The International Monetary Fund (IMF) appointed Spanish economist Álvaro Piris Chavarri as its new mission chief for Venezuela, according to sources familiar with the matter cited by Bloomberg. The move signals progress toward rebuilding the institution’s relationship with the country after years of distance. Piris brings a background in macroeconomics and […]

JPMorgan and Jefferies Organize Trips to Caracas Amid Growing International Investor Interest, According to Bloomberg

June 5, 2026June 5, 2026Tatiana Da GamaLeave a Comment

Bloomberg — JPMorgan Chase & Co. and Jefferies Financial Group Inc. are organizing trips to Caracas as investor demand grows for firsthand insight into Venezuela’s efforts to revive its oil-rich economy and restructure its debt after years of isolation. Executives from Jefferies traveled to the South American country this week and are considering another visit […]

Chevron Ties Its Expansion in Venezuela to Fiscal Reform

June 4, 2026June 4, 2026Samuel YepezLeave a Comment

By Julio A. López. Audio: https://clyp.it/sxc5j3do Caracas, June 4, 2026 — Chevron has sent a clear message to the international energy market: Venezuela still offers extraordinary oil potential, but new investment will depend on big changes to the fiscal framework that governs the industry. Chevron CEO Mike Wirth said in a Bloomberg interview today that the […]

What Did Venezuela Lose with the Hydrocarbons Law Reform?

June 4, 2026June 4, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]

The Orinoco Oil Belt

June 3, 2026June 4, 2026Samuel YepezLeave a Comment

By Julio A. López. Audio: https://clyp.it/febjsi2j Caracas, June 3, 2026 — Venezuela hosts the world’s largest proven oil reserve in the Orinoco Oil Belt, with more than 300 billion certified barrels. This figure exceeds the reserves of countries that many people traditionally regard as energy giants, such as Saudi Arabia, Iran, and Canada. Located north of […]

Venezuela Hires Hogan Lovells to Advance One of the Largest Sovereign Debt Restructurings in Decades

June 3, 2026June 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — The Venezuelan government has hired Hogan Lovells US LLP as its strategic legal advisor to help restore the country’s access to international capital markets. Authorities disclosed the appointment of the international law firm, which maintains major offices in Washington and London, through an official filing published by the Foreign Agents Registration […]

Venezuela Reforms Law to Open the Electricity Sector to Private Capital

June 3, 2026June 3, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — In a strategic shift for the country’s energy policy, the National Assembly unanimously approved the Partial Reform Bill of the Organic Law of the Electric System and Service during its first debate on Thursday. The national executive submitted the bill, which opens the sector to private and mixed capital under a […]