Venezuela Archives - Page 37 of 59

Delcy Rodríguez meets with IDB executives to advance Venezuela’s economic and social development

July 25, 2026July 25, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez met with a delegation from the Inter-American Development Bank (IDB) in Caracas on Friday, according to the Presidential Press Office. Anabel González, the IDB’s Vice President for Countries and Regional Integration, led the delegation alongside Andre Soares, the institution’s country office chief, and Miguel Coronado, General Manager […]

Reuters: Oil companies have until July 28 to adopt Venezuela’s new legal framework

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

Reuters — Venezuela’s Ministry of Hydrocarbons has informed PDVSA’s partners that it intends to keep the July 28 deadline for migrating oil and gas contracts to the country’s new legal framework. The ministry has urged company executives to complete negotiations before that date, according to four sources. At the end of January, Venezuela’s National Assembly […]

Organizations call for independent inspection of prisons after earthquakes

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — A coalition of relatives of political prisoners and national and international human rights organizations has called on the Venezuelan government to allow an independent, transparent, and technical assessment of detention facilities that may have suffered damage during the June 24 earthquakes. The groups warned that conditions inside the prisons could place […]

World Bank estimates earthquake damage at $19.579 billion

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — A preliminary rapid damage assessment released Thursday by the World Bank estimates that the June 24, 2026 earthquakes caused $19.579 billion in direct damage to physical assets across Venezuela. The report, Global Rapid Post-Disaster Damage Estimation (GRADE) Report: Venezuela Earthquakes – June 24, 2026, states that the disaster destroyed approximately 1.39% […]

Brazilian billionaires acquire stake in Petrororaima

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Fluxus Oil, Gas & Energy, owned by Brazilian businessmen Joesley and Wesley Batista, has acquired a stake in a Venezuelan oil production project, according to a Bloomberg report. The transaction adds to a series of private agreements that have emerged following the sanctions relief promoted by the administration of U.S. President […]

Venezuelan government and U.N. outline recovery plan after earthquakes

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Acting President Delcy Rodríguez met on Wednesday with Gianluca Rampolla, the United Nations Resident Coordinator in Venezuela, to define the recovery and assistance plan for the victims of the earthquakes that struck the country on June 24. Officials held the meeting in Caracas to strengthen the humanitarian response framework, reinforce transparency, […]

California oil company nears deal to develop Petrodelta

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

Bloomberg — Pacific Coast Energy Co. (PCEC), a small California-based oil producer, is close to securing an agreement to develop Venezuelan oil fields as the U.S.-backed government in Caracas pushes prospective partners to sign contracts before the end of July. PCEC is one of several companies negotiating joint ventures and production-sharing agreements with Petróleos de […]

Lionheart nears $400 million deal to acquire stake in PetroUrdaneta

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. investment firm Lionheart Capital is close to finalizing a $400 million agreement to acquire a stake in the PetroUrdaneta oil field, according to a Bloomberg report. Bloomberg reported that Miami-based Lionheart “signed a non-binding letter of intent with Swedish firm Keo Capital AB, which holds an interest in PetroUrdaneta.” Transaction […]

U.S. refineries boost Venezuelan crude purchases to highest level in nearly a decade

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — U.S. refineries are increasing their purchases of Venezuelan crude oil, putting imports on track to reach their highest level in nearly a decade, according to a report by Bloomberg. Refineries along the U.S. Gulf Coast have stepped up acquisitions to secure heavy crude supplies as wildfires in Canada threaten logistics and […]

Court allows Alex Saab to skip money laundering hearing

July 23, 2026July 23, 2026Tatiana Da GamaLeave a Comment

The Daily Journal — Judge Lauren F. Louis of the U.S. District Court for the Southern District of Florida granted former minister Alex Saab permission to skip Friday’s scheduled hearing in the money laundering case against him in the United States. Saab’s defense team also requested that the court enter a not guilty plea on […]