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 […]
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They warned that the power system represents the biggest obstacle, with a deficit of more than 1,500 MW and prolonged blackouts The Daily Journal.- Executives from major international oil companies warned this week that Venezuela’s power supply represents the biggest obstacle to their projects, citing a deficit of more than 1,500 megawatts (MW) and blackouts […]
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The Daily Journal. — The United States updated on Monday the licensing framework governing certain commercial and investment activities related to Venezuela’s oil, gas, petrochemical, and electricity sectors through General Licenses 46E, 48D and 49B issued by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC). The new provisions replace previous versions of those […]
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The Daily Journal.— Colombia’s new ambassador to Venezuela, Jorge Jaller, proposed that Colombia purchase Venezuelan natural gas to generate electricity and return part of the power to its neighboring country as part of a broader strategy to promote economic integration between the two nations. Jaller outlined the proposal in an interview with El Colombiano, where […]
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CARACAS — GE Vernova expects to bring one gigawatt of new, reliable power generation capacity online in Venezuela within the first 24 months of implementing its agreement to modernize and expand the country’s energy infrastructure, according to a fact sheet released Friday by the U.S. Embassy. The projection is part of a broader plan to […]
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The Daily Journal.— General Electric (GE) Vernova plans to create more than 1,000 local jobs as part of a strategic partnership signed Wednesday to restore and stabilize electrical infrastructure supporting Venezuela’s oil industry, a senior executive from the U.S. company announced during a ceremony at Miraflores Palace. GE Vernova Venezuela President Carlos Mousadi and Petróleos […]
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Natalia Jaua The cyclical warming of Pacific Ocean waters has once again placed Latin America before a familiar yet never identical challenge. Sea temperatures off the coasts of Ecuador and Peru remain above normal, with a mass of warm water advancing toward the central Pacific and anomalies of up to 3°C. For Venezuela, forecasts indicate […]
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The Daily Journal.- Power outages became the second-largest constraint on domestic production during the second quarter of 2026, according to an assessment of the manufacturing sector’s performance presented by the Venezuelan Confederation of Industrialists (Conindustria). Between April and June, companies reported an average of 214 hours without electricity out of a total of 488 working […]
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The Daily Journal.- Venezuela’s private industrial sector recorded 8.1% year-over-year growth in production volume during the first half of 2026, driven by gains of 9.9% in the first quarter and 6.5% in the second quarter, the Venezuelan Confederation of Industrialists (Conindustria) reported as it presented its Industrial Economic Survey for the second quarter of 2026 […]
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The Daily Journal. — The administration of Delcy Rodríguez and the National Assembly elected in 2015 agreed to focus their efforts on recovering Venezuela’s international reserve assets held at the Bank of England, as part of the agreements reached during the first round of talks between the two sides. The commitment forms part of the […]
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