The Daily Journal.— Venezuela plans to add 7,400 megawatts (MW) of electricity capacity to the National Electric System (SEN) in the medium term through agreements signed this year with U.S.-based General Electric (GE) and Argentina’s Impsa, acting President Delcy Rodríguez said Thursday. Rodríguez announced Fedecámaras’ annual assembly, where she also said the government plans to […]
Continue Reading
The Daily Journal.— Venezuela’s non-oil tax revenue increased 22.6% so far in 2026, acting President Delcy Rodríguez said Thursday during the opening of the 82nd Annual Assembly of Fedecámaras in Caracas. Rodríguez announced during a meeting with business sector representatives that her administration plans to pursue a tax reform aimed at harmonizing the country’s tax […]
Continue Reading
Imports are expected to rise to 465,000 barrels per day, their highest level in nearly seven years. The Daily Journal.— India’s imports of Venezuelan crude are set to double in October after seven years without trade due to sanctions, driven largely by Reliance Industries, the Asian country’s largest private conglomerate. According to Bloomberg, Reliance accounted […]
Continue Reading
The Daily Journal.— U.S.-based Pacific Coast Energy Company (PCEC) plans to invest $3.5 billion over the life of its contracts with Petróleos de Venezuela (PDVSA) to reactivate and develop oil fields in the Delta and Cabimas blocks, the company said. PCEC, a California-based company specializing in heavy crude production, took over operations at the fields […]
Continue Reading
The Daily Journal. — The United States received its first shipment of Venezuelan aluminum since 2018 on Monday, with approximately 15,000 metric tons produced by state-owned CVG Venalum and unloaded in Louisiana. The shipment arrived at the Port of Avondale, near New Orleans, as part of an operation involving U.S. firm Heeney Capital and Swiss […]
Continue Reading
At 5:30 in the morning, the race begins. You have to shower, get dressed, wake up the kids, and, in the middle of all that, figure out breakfast. The first meal of the day provides important nutritional value and energy, especially for children who start school at 7:00 a.m. It is their first food after […]
Continue Reading
The economist warns that the process must begin with a forensic audit of liabilities. The scale and diversity of creditors will require a combination of traditional instruments and mechanisms linked to economic and fiscal performance. Neirlay Andrade Venezuela faces the challenge of restructuring an external debt whose size, composition, and creditor diversity make the process […]
Continue Reading
The Daily Journal.- The Board of Directors of CAF — Development Bank of Latin America and the Caribbean — approved a $3.5 billion financing package comprising 15 operations across 10 countries in the region, with funds targeting infrastructure, sustainable mobility, energy transition, social development and climate action. Venezuela does not appear among the direct beneficiaries […]
Continue Reading
The Daily Journal.- Representatives of oil industry unions in Zulia state have called on workers to attend a meeting on October 1 to discuss collective bargaining negotiations and other labor issues affecting industry employees. The meeting will take place at 9:00 a.m. at the Casa de la Cultura and will bring together workers from Baralt […]
Continue Reading
Julio A. López, Editor-in-Chief.— We obtained information from a spokesperson for Denarius Holding Group, a United States-registered company preparing to begin oil production operations in eastern Venezuela. During the conversation, we learned key details about the company’s plans, projects, and preparations to begin operations in the country. How much will Denarius invest in Venezuela? Through […]
Continue Reading
