Since January 3, Venezuela’s political and economic cards have been reshuffled. The cards in play are gradually being revealed on boards that are constantly changing. José Gregorio Yépez In Venezuela, the Trump administration is playing its cards cautiously. It is sending signals that seem contradictory and fall outside the expectations of those who bet on […]
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The Daily Journal.- U.S. Assistant Secretary of State for Western Hemisphere Affairs Juan Pablo Segura said Friday that restoring access to numerous online websites in Venezuela signals progress in the country since January 3. “The Trump Administration’s three-phase plan continues delivering results. Yesterday, access to many online portals went back online in Venezuela after years […]
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The Daily Journal.- A Venezuelan delegation led by Hydrocarbons Minister Paula Henao will attend the G20 energy summit in Houston, Texas, at the invitation of the Trump administration. PDVSA Executive Vice President Jovanny Martínez will also attend the meeting, which will bring together energy ministers from the world’s leading economic powers. The delegation will participate […]
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The Daily Journal.— The Donald Trump administration expects new investments and energy agreements between the United States and Venezuela to double Venezuelan oil production in less than five years, according to a U.S. Department of Energy fact sheet released Friday by the U.S. Embassy in Caracas. The document presents agreements signed this week with companies […]
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The Daily Journal.- Venezuelan crude exports surged in August as U.S. President Donald Trump’s administration seeks to expand its control over the country’s oil sector. Oil tankers loaded an average of 1.114 million barrels per day of Venezuelan crude in August, a 28% increase from July, according to shipping reports, data from Kpler Ltd., and […]
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The Daily Journal.- Florida oil tycoon Harry Sargeant III agreed to sell his stake in a Venezuelan oil producer after the Trump administration exerted strong pressure on him to abandon his business interests in the country. According to Bloomberg, the parties signed the deal just hours before the U.S. Treasury Department announced measures against Sargeant’s […]
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The Daily Journal — Chevron expects to increase its oil production in Venezuela by 15% over the next 18 to 24 months as the Trump administration seeks to expand investment by U.S. energy companies in the country. Chevron’s joint ventures in Venezuela currently produce about 280,000 barrels per day, Chief Financial Officer Eimear Bonner said. […]
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Alejandro J. Sucre — Venezuela faces one of the most complex sovereign debt restructuring processes in its history. The scale of the challenge is undeniable: years without international audits, debt instruments scattered across multiple jurisdictions, opaque bilateral debt with China and Russia, and arbitration awards issued by the International Center for Settlement of Investment Disputes […]
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