OFAC sanctions Harry Sargeant III company linked to oil operations in Venezuela

The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added Bluwaves Properties Limited, a company registered in the British Virgin Islands, to its Specially Designated Nationals and Blocked Persons (SDN) List. The company belongs to Harry Sargeant III, a Florida energy magnate who has long served as a channel […]

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Diosdado Cabello accuses opposition of trying to “implode” dialogue in Venezuela

The Daily Journal.— Interior Minister and PSUV Secretary General Diosdado Cabello sharply criticized sectors of the Venezuelan opposition that do not participate in the negotiating table with the government. According to Cabello, these groups seek to “implode” the dialogue process, which aims to advance a democratic transition and support the country’s recovery following the June […]

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BP to develop gas in the Deltana Platform after Chevron scales back

Julio A. López, Editor-in-Chief.— Venezuela’s offshore gas map is being redrawn. Chevron transferred its licenses in Blocks 2 and 3 of the Deltana Platform — home to the Loran and Macuira gas fields — to Pdvsa in exchange for strengthening its position in the Orinoco Belt’s heavy crude sector. Weeks later, BP moved into that […]

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La Guaira earthquake above magnitude 4 reported, with no preliminary damage

The Daily Journal.— An earthquake with a magnitude above 4 struck early Tuesday morning, with its epicenter in La Guaira state, acting President Delcy Rodríguez reported on social media. In a message posted at 3:43 a.m., Rodríguez said the earthquake occurred at approximately 3:20 a.m. and that authorities immediately activated contingency protocols. “I want to […]

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Indian oil company obtains OFAC license to resume operations in Venezuela

The Daily Journal.- India’s state-owned Oil and Natural Gas Corporation (ONGC) obtained a license from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) to fully resume operations in Venezuela, a senior company executive told The Economic Times. According to the Indian newspaper, the U.S. authorization clears the way for ONGC to “increase production, […]

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El Niño wants to “play hard,” and Venezuela must prepare

Food production, power generation, and access to water could suffer if this phenomenon becomes extreme. Models indicate that it will. Vanessa Davies El Niño is no game. It never is under normal conditions, and much less so during this period, which promises to be fiercer than usual. Colloquially dubbed a Super El Niño, but defined […]

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Without Transparency, There Is No Contract;

Listen to the editorial audio: https://clyp.it/nooq11dl Julio A. López, Editor-in-Chief.— Venezuela needs investment. It needs capital, technology, expertise, markets, and companies capable of restoring to its hydrocarbon industry the scale it once had. That is why we have supported the opening of the oil and gas sectors and welcome contracts that enable the development of resources […]

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Government announces release of 131 political prisoners

The Daily Journal – The Program for Peace and Democratic Coexistence, promoted by Acting President Delcy Rodríguez, announced Friday that courts had granted alternative measures to imprisonment to 131 people who had remained in custody over their alleged involvement in crimes against the country’s democratic order and peace. The country’s courts decided at the request […]

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BCV and U.S. Numisma Bank explore partnerships to promote exchange rate stability

The Daily Journal. — The Central Bank of Venezuela (BCV) held a high-level meeting with representatives of Numisma Bank. This U.S. financial institution specializes exclusively in wholesale banknote services and explored strategic partnerships to optimize the country’s financial operations. According to an institutional statement from the BCV, both delegations discussed an agenda to ensure smooth […]

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PDVSA says state oil company has maintained a continuous investment plan in processing since 2024

The Daily Journal. — Héctor Obregón Pérez, president of Petróleos de Venezuela (PDVSA), said the state-owned oil company has maintained a continuous investment plan since 2024 aimed at restoring its processing facilities to independently meet the country’s entire demand for gasoline and diesel. As a result, Venezuela’s refining system currently has a capacity of 350,000 […]

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