Economy Archives - Page 27 of 28

Venezuelan Minister of Hydrocarbons Evaluated Project Portfolio with Private Investors in Texas

May 24, 2026May 30, 2026NerlayLeave a Comment

The Daily Journal.- A high-level official delegation traveled to the state of Texas, United States, with the aim of consolidating strategic alliances oriented toward reactivating the national oil industry. Venezuela’s Minister of Hydrocarbons, Paula Henao, and the Vice President for Exploration and Production of Petróleos de Venezuela (PDVSA), Yovanny Martínez, participated in the Venezuela Exploration […]

Manuel Sutherland: “A Lengthy Audit and Exhaustive Investigation of Venezuela’s Debt, Every Bond, Paper, and Ticket, Is Necessary if Payment Is to Be Made”

May 22, 2026May 30, 2026NerlayLeave a Comment

Yahvé Álvarez.- “A lengthy audit and an exhaustive investigation of Venezuela’s debt, of every bond, paper, and ticket, would be necessary in the event of repayment, and that would require at least eight or nine months, which would be ideal to thoroughly examine the debt without harming honest investors while also avoiding excessive payments that […]

ExxonMobil Returns to Venezuela

May 21, 2026May 30, 2026NerlayLeave a Comment

Julio A. López, Editor-in-Chief.- According to highly reliable sources linked to the U.S. Department of Energy, the American government has reportedly reached an agreement with ExxonMobil to facilitate its return to oil production activities in Venezuela. The move could become one of the most symbolic and strategic developments in the global energy industry. As discreet […]

Venezuelan Government Advances New Contractual Framework to Accelerate Investment by Foreign Oil Companies

May 18, 2026May 30, 2026NerlayLeave a Comment

The Daily Journal – The Government of Venezuela and the state oil company Petróleos de Venezuela S.A. (PDVSA) have begun distributing to potential investors and energy service companies a draft regulation of the new oil law and a key model contract, according to reports published by news agencies and specialized media outlets. The new regulatory […]

Bloomberg: Erebor Bank Startup Proposes Reconnecting Venezuela to the U.S. Financial System

May 18, 2026May 30, 2026NerlayLeave a Comment

The Daily Journal. – The U.S. startup Erebor Bank, financially backed by billionaire Peter Thiel, has begun direct contacts with senior Venezuelan officials to propose restoring the country’s access to the U.S. financial system, according to a Bloomberg report. The digital bank, which obtained its operating license in the United States just three months ago, […]

Venezuela Argues in U.S. Court That Citgo Is Worth Nearly Three Times the Sale Offer

May 15, 2026May 30, 2026Samuel YepezLeave a Comment

The Daily Journal.- Lawyers representing Venezuela have asked a U.S. court to suspend the sale process of Citgo Petroleum, arguing that the company’s valuation has increased significantly since the auction of its parent company, PDV Holding, was approved in late 2024 . According to Reuters, attorney Alexandra Cumings stated in a letter to Delaware […]

BCV President to Reuters: “The Entire Planet Views Venezuela’s Debt Restructuring Process with Enthusiasm”

May 15, 2026May 30, 2026Samuel YepezLeave a Comment

The Daily Journal.- The interim president of the Central Bank of Venezuela ( BCV), Luis Pérez, described the launch of the renegotiation of the country’s external obligations as a fundamental step that brings the nation “out of the shadows” in international markets. In an exclusive interview with the Reuters news agency, Pérez explained that the […]

Bloomberg: World Bank to Send High-Level Delegation to Caracas to Resume Technical Dialogue

May 15, 2026May 30, 2026Samuel YepezLeave a Comment

The Daily Journal.- A group of representatives from the World Bank will visit Caracas to meet with Venezuelan authorities, marking the first in-person meeting of this kind since formal relations were restored last month, according to a Bloomberg report. Venezuela has been a member of the financial institution since 1946, although the last loan granted […]

John Barrett and Venezuelan Government Evaluate Solutions to Venezuela’s Electrical Crisis

May 14, 2026May 30, 2026Samuel YepezLeave a Comment

The Daily Journal.- The U.S. chargé d’affaires in Venezuela, John Barrett, reported that he held a meeting with Rolando Alcalá, the Minister of Electric Power of the interim authorities, to discuss plans aimed at rebuilding Venezuela’s electrical grid. In a message posted on social media, Barrett stated that the meeting is part of a “three-phase […]

Private Industry Increases Operational Capacity, but Demands Financing and Improvements to the Electrical Service

May 13, 2026May 29, 2026Samuel YepezLeave a Comment

The Daily Journal.- This Wednesday, during the presentation of the Industrial Economic Survey (ECI-I26), the Venezuelan Confederation of Industrialists (Conindustria) revealed that private manufacturing has managed to increase its operational capacity and improve employee compensation. However, the business association warned that the lack of widespread bank credit and deficiencies in the national electricity supply act […]