The Daily Journal — U.S. investment firm Lionheart Capital is close to finalizing a $400 million agreement to acquire a stake in the PetroUrdaneta oil field, according to a Bloomberg report. Bloomberg reported that Miami-based Lionheart “signed a non-binding letter of intent with Swedish firm Keo Capital AB, which holds an interest in PetroUrdaneta.” Transaction […]
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The Daily Journal — U.S. refineries are increasing their purchases of Venezuelan crude oil, putting imports on track to reach their highest level in nearly a decade, according to a report by Bloomberg. Refineries along the U.S. Gulf Coast have stepped up acquisitions to secure heavy crude supplies as wildfires in Canada threaten logistics and […]
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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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Neirlay Andrade On July 3, while excavators continued clearing concrete and rescue teams searched the rubble for survivors, 180 days had passed since Venezuela’s Supreme Tribunal of Justice (TSJ) ordered Delcy Rodríguez to assume the Presidency of the Republic “in an acting capacity” following the “abduction” of Nicolás Maduro. The maximum period the Venezuelan Constitution […]
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The Daily Journal — National Assembly President Jorge Rodríguez said on Saturday that appointing new authorities to the Supreme Court of Justice (TSJ) and the National Electoral Council (CNE) does not rank among the government’s immediate priorities. During a press conference with international media, reporters asked the lawmaker about the expiration of Acting President Delcy […]
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The Daily Journal.— The government’s handling of Venezuela’s twin-earthquake emergency has taken a heavy toll on the political standing of Acting President Delcy Rodríguez. According to the latest public opinion survey conducted by AtlasIntel in partnership with Bloomberg, public dissatisfaction with the country’s leadership and the official response to the June 24 earthquakes has reached […]
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