Bloomberg – Cashea, Venezuela’s largest financial technology company, secured $100 million through two funding rounds, reflecting growing confidence among international investors in the company’s expansion within a market where credit has remained limited for years. Cashea completed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug […]
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The Daily Journal – Current prices of Venezuela’s sovereign bonds largely reflect market expectations of a future external debt restructuring and a recovery in oil production, according to a report by Oxford Economics. The consulting firm argues that the recent rally in Venezuelan bonds, which it forecast in a February analysis, continues to rest on […]
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The Canadian company said it is working with U.S. partners to acquire stakes in joint ventures and develop new production agreements following the lifting of U.S. sanctions. The Daily Journal – Canadian company New Stratus Energy (NSE) announced that it is negotiating the acquisition of stakes in joint ventures with Petróleos de Venezuela S.A. (PDVSA) […]
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The Daily Journal — Acting President Delcy Rodríguez announced on Friday that Venezuela has secured an initial $346 million from its own funds held at the International Monetary Fund (IMF) following the emergency caused by the twin 7.2 and 7.5 magnitude earthquakes that struck the country’s northern region on June 24. “Following the devastating twin […]
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Julio A. López, Editor-in-Chief .— Liquefied natural gas (LNG) — pipeline gas cooled to -162°C to enable transportation aboard specialized LNG carriers — has become the most sensitive gauge of the global energy crisis. Only three regions produce LNG at industrial scale: the United States, Qatar, and Australia. That concentration explains why any disruption in […]
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Audio: https://clyp.it/p2koe0pw Julio A. López, Editor-in-Chief .— Chevron is set to sign preliminary agreements to invest in two Iraqi oil fields and join a consortium of investors studying the construction of a pipeline linking Iraq’s oil-producing basin to Syria’s Mediterranean coast, specifically the port of Baniyas. The Context: Iraq, the Most Exposed Iraq — the second-largest […]
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Audio: https://clyp.it/ne1oh5te Julio A. López, Editor-in-Chief — Petronas, through its subsidiary Petronas Suriname E&P B.V., announced two new hydrocarbon discoveries and a successful appraisal well in Block 52, offshore Suriname, bringing its total number of successful wells in the country to eight and surpassing 1 billion barrels of oil equivalent in recoverable resources. Three Wells, Three […]
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The Daily Journal. — The Venezuelan-American Chamber of Commerce and Industry (VenAmCham) and the United Nations Development Program (UNDP) signed a Memorandum of Understanding to strengthen institutional cooperation, encourage responsible investment, and expand private-sector participation in economic and social development initiatives across Venezuela. The agreement establishes a collaborative framework to connect VenAmCham’s member companies with […]
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The Daily Journal. — Maritime commercial activity in La Guaira is approaching a full restart after the structural damage that the June earthquakes caused. Eduardo Quintana, coordinator of Fedecámaras La Guaira, said reconstruction work at the Central Coast’s main port has made significant progress in critical loading and unloading areas. During an interview on the […]
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The Daily Journal. — The destruction and shutdown of hotel infrastructure along Venezuela’s Central Coast following the twin earthquakes measuring 7.2 and 7.5 have begun to trigger a chain reaction across the region’s economy. Twenty days after the disaster, the loss of lodging capacity now threatens the survival of thousands of self-employed workers and small […]
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