Spain welcomes progress in talks “Between Venezuelan authorities and representatives of the democratic opposition”

The Daily Journal. — Spain’s Ministry of Foreign Affairs issued a statement on Thursday welcoming progress in talks “between Venezuelan authorities and representatives of the democratic opposition” aimed at achieving “democratic normalcy.” “We welcome the talks between Venezuelan authorities and representatives of the democratic opposition, aimed at creating the necessary conditions to strengthen institutions and […]

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PDVSA transfers stake in Lorán Field to BP and two other oil companies

The Daily Journal.— Venezuela authorized the transfer of a stake held by PDVSA Gas to a consortium comprising Britain’s BP, the UAE’s XRG and Qatar’s UCC Oil and Gas Holding to advance the exploration and production of non-associated natural gas in the Lorán Field, located in Block 2 of the Deltana Platform. The parties formalized […]

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“Today is the time to make the real defense of our human rights possible for all Venezuelans,” says Martha Lia Grajales

The Daily Journal.- Human rights activist Martha Lia Grajales, coordinator of the Committee of Mothers in Defense of the Truth, maintains that “today is the time to make the real defense of our human rights possible.” She made the statement during the presentation of the book No siempre pierden las de abajo: Crónicas de la […]

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NGO warns of new illegal mining operation in the heart of Canaima National Park

The Daily Journal – Environmental organization SOS Orinoco warned on Thursday about a new illegal mining operation inside Canaima National Park, which UNESCO recognizes as a World Heritage Site. According to the report, the mining site covers 5.8 hectares at the confluence of the Carrao and Caroní rivers, across from Playa Linda in Bolívar state. […]

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Citgo’s quarterly profit soars to $936 million

The Daily Journal.— Venezuelan-owned U.S. refiner Citgo Petroleum reported a net profit of $936 million in the second quarter of the year, sharply higher than the $100 million it reported during the same period a year earlier, according to Reuters. Developments in the international energy market drove the company’s stronger financial results, “amid stronger refining […]

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Slight increase in Venezuelan oil production contrasts with sharp drop in exports

The Daily Journal.- Venezuela’s oil industry showed conflicting signals in July: while production continued to expand slightly, crude exports fell sharply, according to OPEC’s monthly report and shipping data. Secondary sources cited by OPEC placed Venezuelan production at 1.117 million barrels per day (bpd) in July, just 13,000 bpd above June’s 1.104 million bpd. The […]

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Delcy Rodríguez celebrates first dialogue agreement with 2015 National Assembly

The Daily Journal.- Acting President Delcy Rodríguez on Wednesday welcomed the first agreement reached in the dialogue process between her administration and the National Assembly elected in 2015. “I welcome and celebrate this first step in the dialogue process with the opposition sector represented in the National Assembly elected in 2015,” Rodríguez said in a […]

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Dialogue talks agree to pursue recovery of Venezuelan assets at Bank of England

The Daily Journal. — The administration of Delcy Rodríguez and the National Assembly elected in 2015 agreed to focus their efforts on recovering Venezuela’s international reserve assets held at the Bank of England, as part of the agreements reached during the first round of talks between the two sides. The commitment forms part of the […]

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Government and 2015 National Assembly agree on new process to renew Supreme Court

The Daily Journal. — The Venezuelan government and the National Assembly elected in 2015 agreed to launch a new process to transform the justice system. The plan calls for reforms to the Organic Law of the Supreme Court of Justice (TSJ), the renewal of the Judicial Nominations Committee, and a new call for candidates to […]

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Inflation accelerates to 19.9% in July following impact of double earthquake

The Daily Journal.- Inflation in Venezuela accelerated for the second consecutive month, reaching 19.9% in July, up from 13.8% in June, according to the National Consumer Price Index (INPC) published by the Central Bank of Venezuela (BCV). The figure marks the highest monthly level since January and confirms a shift in trend after four consecutive […]

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