Ernesto Paraqueima proposes keeping oil royalties in producing states

The Daily Journal.- Former political prisoner and former mayor of the Simón Rodríguez municipality in Anzoátegui state, Ernesto Paraqueima, proposed that royalties from oil production in Venezuela should remain in producing states and advocated for greater decentralization of resources as part of a proposal aimed at moving toward a federal model. “Royalties from oil production […]

Continue Reading

Maha Capital Increases Its Stake in PetroUrdaneta Following Multi-Million-Dollar Acquisition

The Daily Journal — Swedish financial services firm Maha Capital announced on Monday that it reached a definitive agreement to acquire the remaining 40% stake that Novonor Latinvest Energy held in Odebrecht E&P España (OE&P). The transaction carries a total value of $37.5 million. Through this strategic move, the European company strengthens its position in […]

Continue Reading