It’s Time for Oil Contracts. Listen to the Editorial audio here: https://clyp.it/1mybbqxi Julio A. López, Editor-in-Chief.— For years, Venezuela discussed sanctions, licenses, restrictions, international litigation, and political disputes. However, for major international oil companies, a much simpler and more practical question exists: What will the rules of the game be? The recent hiring of the […]
Continue Reading
The Daily Journal. — In a development that reshapes Venezuela’s political landscape, opposition leader Dinorah Figuera returned to the country on Thursday after years in exile. Acting as the representative of the lawmakers elected in 2015, she reached an agreement with Jorge Rodríguez to establish a “parity-based technical and political working group” to support a […]
Continue Reading
The Daily Journal — Federal prosecutors for the Southern District of New York formally requested a postponement of the upcoming status conference in the criminal case against former Venezuelan President Nicolás Maduro Moros and his wife, Cilia Flores de Maduro. Defense counsel for both defendants expressly agreed to the request. Federal prosecutor Jay Clayton submitted […]
Continue Reading
The Daily Journal — The strategic agreement signed Monday between the Venezuelan government and General Electric will add 1,000 megawatts to the National Electric System (SEN) within two years and more than 5,000 megawatts over the next four years, President Delcy Rodríguez said. Roger Martella, Chief Corporate Officer of General Electric Vernova, stated that the […]
Continue Reading
The Daily Journal — The Chargé d’Affaires of the United States Embassy for Venezuela, John Barrett, stated on Monday that the drop in monthly inflation to 6.3% in May marks a significant achievement for the country’s stability. “In May, Venezuela’s monthly inflation fell to 6.3%, returning to single digits for the first time in more […]
Continue Reading
The Daily Journal — Venezuelan human rights organization Provea demanded detailed information from Venezuelan state authorities regarding the military operation in the south of the country, which the United States and the government of Delcy Rodríguez reportedly coordinated and which allegedly resulted in the death of Héctor Rusthenford Guerrero, known as “Niño Guerrero,” whom authorities […]
Continue Reading
The Daily Journal — The United States has restructured its sanctions regime on Venezuela by issuing four new general licenses that expand operating opportunities for U.S. and allied companies in the country’s oil, petrochemical, natural gas, and electricity sectors under a framework of financial oversight and geopolitical restrictions. The U.S. Department of the Treasury’s Office […]
Continue Reading
The Daily Journal — The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued General License No. 50B. This measure selectively authorizes six major global energy corporations and their subsidiaries to maintain and conduct oil and gas operations in Venezuela. OFAC Director Bradley T. Smith signed the regulatory instrument, which took […]
Continue Reading
The Daily Journal — General Francis L. Donovan, commander of United States Southern Command, expressed his gratitude to Venezuela’s security forces following the binational military operation that ended with the death of Héctor Rusthenford Guerrero Flores, known as “Niño Guerrero,” founder and top leader of the transnational criminal organization known as Tren de Aragua. The […]
Continue Reading
By Jimmy Seba, Founder and CEO, Global Key Inc. Audio: https://clyp.it/5yici2ca The Daily Journal – I have maintained direct relationships in Venezuela and across the US-LATAM corridor throughout the period when most of the world looked away. What I see today is not a new story. It is the result of twenty years of conditions converging […]
Continue Reading
