The Daily Journal — U.S. President Donald Trump praised Chevron’s return to Venezuela and said the American oil company now operates in the country “much bigger and stronger than ever,” with expectations of generating substantial profits. He credited his administration’s policies for the company’s performance. “They threw Mike and Chevron out of Venezuela, but now […]
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The Daily Journal — Venezuela would need between $1.6 billion and $2.3 billion to restore its aluminum industry, according to estimates that industry experts presented during a conference organized by the IDEAS for Venezuela Group. Roberto Arredondo, an international aluminum market specialist, said the latest estimate exceeds the figures from a 2024 McKinsey study, which […]
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The Daily Journal — Venezuela’s oil exports declined in July as demand from India weakened after the ceasefire in the conflict involving Iran allowed Middle Eastern crude cargoes stranded in the Persian Gulf to reach international markets, Bloomberg reported. July data tracked by Kpler Ltd. show that shipments of Venezuelan crude to India, one of […]
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The Daily Journal — Food conglomerate Grupo Nutresa expects Venezuela to become one of its main growth engines within the next two to three years, according to company president and banker Jaime Gilinski in an interview published by El Colombiano. The company’s strategy in Venezuela includes the acquisition of the Tío Rico ice cream brand […]
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AFP.— Inter-American Development Bank (IDB) President Ilan Goldfajn ruled out an immediate resumption of lending to Venezuela on Monday, despite the restoration of relations between both sides after an eight-year break. In June, the IDB accepted Venezuela’s appointment of Calixto José Ortega Sánchez as the country’s new governor to the institution, fully restoring bilateral ties. […]
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Audio: https://clyp.it/5andr4kz Julio A. López, Editor-in-Chief.— Oil prices surged on Wednesday after the United States and Saudi Arabia launched joint airstrikes against Iran-backed militias in Iraq, while Tehran responded with a new barrage of missiles targeting U.S. forces in the region, marking the most serious escalation since the conflict began five months ago. From Relative Calm […]
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The Daily Journal — Chevron expects to increase its oil production in Venezuela by 15% over the next 18 to 24 months as the Trump administration seeks to expand investment by U.S. energy companies in the country. Chevron’s joint ventures in Venezuela currently produce about 280,000 barrels per day, Chief Financial Officer Eimear Bonner said. […]
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The Daily Journal — Venezuelan airline Laser temporarily reorganized its operations after the disruption caused by the earthquakes. The experience led the company to identify an opportunity to develop a more flexible airport network with a stronger presence at regional airports across the country. Eliana Verkooke, Laser’s Commercial Director, told Bloomberg that, despite the emergency […]
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The Daily Journal. — Ballard Partners, one of the leading lobbying firms in the United States and one that has seen its revenue surge during President Donald Trump’s second term, announced Wednesday that it will open an office in Caracas, as U.S. companies and multinational corporations show renewed interest in investing in Venezuela. Scott Wagner, […]
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The Daily Journal. — Italian energy company ENI is negotiating new contracts with Venezuela and Petróleos de Venezuela (Pdvsa) to align its operations with the country’s new legal framework for the oil sector. At the same time, the company expects to accelerate development of the Junín 5 project in the Orinoco Oil Belt, Reuters reported. […]
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