Foreign Investment Archives - The Daily Journal

U.S. Authorizes Conatel and Cantv to Negotiate Contracts for New Investments

August 22, 2026August 22, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) authorized on August 21, 2026, the negotiation and execution of contingent contracts aimed at bringing new investment into Venezuela’s telecommunications sector. The measure explicitly allows Venezuelan state entities, particularly the National Telecommunications Commission (CONATEL) and Compañía Anónima Nacional Teléfonos de […]

The Stock Exchange Can Become a Driving Force for Special Economic Zones

August 22, 2026August 22, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief. Víctor Julio Flores Rojas, former president of the Caracas Stock Exchange, argues that Venezuela’s capital market can play a decisive role in financing Special Economic Zones (SEZs), channeling domestic and foreign capital into infrastructure, industry, technology and other productive sectors. —How important can Special Economic Zones be for Venezuela? —Special Economic […]

Venezuelan authorities visit Shell to assess technologies for the energy sector

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

Company executives showcased Shell’s technological and operational capabilities in key areas to the Venezuelan delegation The Daily Journal.- A Venezuelan government delegation led by Hydrocarbons Minister Paula Henao visited multinational energy company Shell’s facilities to gain firsthand knowledge of its technological capabilities in offshore exploration, natural gas development, among other areas. Johann Álvarez Márquez, national […]

U.S. Embassy backs agreement between PDVSA and oilfield services company SLB

August 21, 2026August 21, 2026Tatiana Da GamaLeave a Comment

The Daily Journal – The U.S. Embassy in Venezuela expressed its support for a framework services agreement between state-owned Petróleos de Venezuela (PDVSA) and multinational company SLB (formerly known as Schlumberger), as part of efforts to modernize oil exploration and production in the South American country. PDVSA and SLB signed the agreement during the IMAGE […]

Oil equipment supplier SBO puts Venezuela back on its radar

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]

Private industrial sector grew 8.1% in the first half of 2026

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

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 […]

DP Delta claims US$2 billion from PDVSA over Petrodelta

August 20, 2026August 20, 2026Tatiana Da GamaLeave a Comment

Julio A. López, Editor-in-Chief. – The dispute over control of Petrodelta, the joint venture that operates six oil fields in eastern Venezuela, escalated this week. DP Delta Finance B.V., the private partner whose 40% stake the Ministry of Petroleum revoked in May, publicly stepped up its claim and alleged that it had been stripped of […]

Hydrocarbons Minister to promote ‘Venezuela Energy Week’ in Houston

August 19, 2026August 19, 2026Tatiana Da GamaLeave a Comment

EFE.— Venezuelan Hydrocarbons Minister Paula Henao will attend an event with U.S. companies in Houston on Wednesday that could lead to agreements allowing independent U.S. oil companies to begin participating in crude production in the Caribbean nation, Politico reported Tuesday. Henao confirmed her participation in the Houston event, where she will promote ‘Venezuela Energy Week,’ […]

Venezuela’s oil production rises 1.09% in July to 1.2 million barrels per day

August 12, 2026August 12, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Venezuela’s oil production averaged 1.2 million barrels per day in July, up 1.09% from June, according to official figures cited by the Organization of the Petroleum Exporting Countries (OPEC) and reported by EFE. Output rose from 1.187 million barrels per day in June to 1.2 million in July, according to OPEC’s monthly […]

UNDP: Venezuela’s economy to grow 6.5% in 2026, with inflation near 385%

August 12, 2026August 12, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.— The United Nations Development Program (UNDP) projects that Venezuela’s Gross Domestic Product (GDP) will grow by approximately 6.5% by the end of 2026, supported by stronger oil activity and greater access to private capital, even as the country faces estimated inflation of 385%. The multilateral organization presented the estimate in its Venezuela […]