María Alejandra Díaz Marín. – The bilateral understanding recently circulated on social media, which reportedly proposes majority U.S. control over more than 65 billion barrels of Venezuelan oil reserves in exchange for $100 billion, demands rigorous legal, constitutional and financial scrutiny. If its terms prove accurate, we would face a transaction with enormous consequences for […]
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Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]
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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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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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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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The Daily Journal. — A group of legal and financial advisers has created a committee to bring together and represent Venezuela’s commercial creditors, aiming to coordinate their participation in the debt restructuring process announced by the government, Reuters reported. The committee, formed in early August and scheduled for an official launch this Thursday, seeks to […]
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The Daily Journal. — The Inter-American Commission on Human Rights (IACHR) and its Special Rapporteurship on Economic, Social, Cultural and Environmental Rights (REDESCA) expressed deep concern over the expansion of illegal gold mining in southern Venezuela. They denounced its severe impact on local communities. The organizations warned that “persistent human trafficking, sexual exploitation, deteriorating health […]
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The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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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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The Daily Journal – Venezuela’s National Assembly (AN) unanimously approved the partial reform bill of the Organic Law of the Supreme Court of Justice (TSJ) in its first debate during an extraordinary session this Thursday. The proposal changes the composition of the Judicial Nominations Committee, which selects the justices of the country’s highest court. Content […]
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