Rubio calls U.S.-Venezuela oil deal a “major win,” projects $100 billion in investment

The Daily Journal. — U.S. Secretary of State Marco Rubio on Friday endorsed the bilateral energy agreement with Venezuela, which gives Washington majority control over 17 strategic oil fields with proven potential of 65 billion barrels of reserves. “This agreement is a major win for both the American and Venezuelan people,” the top U.S. diplomat […]

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Venezuela confirms agreement with U.S. on 65 billion barrels of oil reserves

The Daily Journal. — The Venezuelan government confirmed Friday night that it had signed an energy agreement with the United States that opens the development of “17 strategic fields, with proven potential of 65 billion barrels of oil” to private operators. In an official statement posted on social media, acting President Delcy Rodríguez described the […]

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Trump announces deal giving U.S. majority control over more than 65 billion barrels of proven oil reserves

The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]

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U.S. negotiates stake in Venezuelan oil fields, Axios reports

The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]

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Matheus: dismantling the “judicial dictatorship” must be a priority to rebuild the democratic state

The Daily Journal.- Juan Miguel Matheus, a member of the opposition delegation in talks with the Delcy Rodríguez administration, believes that transforming the judiciary must constitute one of the first steps toward an eventual democratic reconstruction of Venezuela. In an article published Friday in the Spanish newspaper El Mundo, Matheus warns that an electoral system […]

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

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 […]

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U.S. plans to allocate $57 million to Venezuela’s National System of Youth and Children’s Orchestras and Choirs

The Daily Journal.- The U.S. Department of State, in collaboration with Congress, plans to provide $57 million in grants to support the recovery of Venezuela’s National System of Youth and Children’s Orchestras and Choirs (El Sistema) and complete an 18,000-square-meter Teacher Training Center in Venezuela, the U.S. Embassy in Caracas said Thursday. The funding will […]

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U.S. delivers 20 machines to speed up debris removal after earthquakes

The Daily Journal.- The United States delivered 20 remotely operated heavy machines to Venezuela to speed up the removal of debris left by the June 24 earthquakes, according to John Barrett, Chargé d’Affaires at the U.S. Embassy in Caracas. The United States coordinated the delivery with U.S.-based TFI Solutions. The machines will operate in hard-to-reach […]

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U.S. Embassy backs talks and agenda promoted by the Secretary of State

The Daily Journal – The U.S. Embassy released an official statement on Thursday welcoming the arrival in Caracas of the 2015 Venezuelan National Assembly delegation, led by Dinorah Figuera, to begin direct, in-person talks with Venezuela’s interim government. Through the diplomatic mission, the U.S. administration described the meeting as a strategic opportunity to advance the […]

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