The Daily Journal — The devastating twin earthquakes that struck Venezuela on June 24 have immediately reshaped international financial market sentiment. Although the country had achieved a recovery in its sovereign fixed-income securities following the capture of Nicolás Maduro in January, much of that renewed confidence disappeared as the scale of the disaster and uncertainty […]
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The Daily Journal — Venezuela’s interim president, Delcy Rodríguez, announced Thursday night that her government has launched diplomatic efforts to secure the release of blocked international assets and funds to finance reconstruction and humanitarian relief following the twin earthquakes that struck the country on June 24. Rodríguez announced a videoconference with coordinators from the 87 […]
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The Daily Journal — The United States has increased its humanitarian assistance for Venezuela to $386 million following the June 24 earthquakes and announced the launch of an air bridge to speed the delivery of relief supplies, the U.S. Department of State said Wednesday. According to a statement from the Office of the Spokesperson, authorities […]
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The presidential commission led by Francisco Garcés has already inspected approximately 6,000 residential buildings. Beginning July 7, volunteer engineers from the Venezuelan College of Engineers joined the assessment efforts. By Vanessa Davies Three colors have taken on a new meaning in Venezuela since the earthquakes of June 24: green, yellow, and red. The rapid assessments […]
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By José Gregorio Yépez Figures released by the Venezuelan Red Cross indicate that, as of July 6, its emergency response had reached at least 3,540 people, while the organization continues to develop additional programs to expand its humanitarian assistance. According to official data, 3,540 people have received primary healthcare services. In addition, 225 individuals have […]
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As of Tuesday, July 7, authorities had officially reported 856 damaged buildings and 190 collapsed structures. Inspections continue to determine whether homes remain safe to inhabit. By Vanessa Davies Although his building was not among those hardest hit by the earthquakes of June 24, Ramón fears it may not withstand another violent tremor. In the […]
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By Julio A. López, Editor-in-Chief — Venezuela’s map of gas transportation projects reveals far more than a network of pipelines. It illustrates the scale of the challenge the country faces in transforming its vast natural gas resources into an efficient supply for households, industries, power plants, petrochemical complexes, and eventually, export markets. The first conclusion […]
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The Daily Journal — Former Caracas mayor Juan Barreto argued that Venezuela is experiencing a loss of political sovereignty due to what he described as a “catastrophic stalemate” between competing political forces. He drew on a concept developed by the Italian Marxist theorist Antonio Gramsci, in which no bloc prevails, and the confrontation ultimately triggers […]
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The Daily Journal — Vitol, one of the world’s largest commodity trading companies, has begun preliminary preparations to open an operational office in Venezuela, according to an exclusive report by Reuters. Three sources with direct knowledge of the matter told Reuters that the move comes as “global trading houses expand their role in crude exports […]
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The Daily Journal — Venezuela’s acting president, Delcy Rodríguez, signed the Regulations to the Organic Hydrocarbons Law on Wednesday, completing the legal reform launched earlier this year. The new rules could clear the way for agreements that Petróleos de Venezuela S.A. (Pdvsa) reached in recent months with oil companies, commodity traders, and oilfield service providers […]
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