Venezuela reaffirms continued operations of joint ventures with China and Russia following U.S. oil deal

The Daily Journal. — The Venezuelan government confirmed that hydrocarbon agreements with Chinese and Russian state-owned and private companies will remain in effect. It rejected claims that the recent energy deal with the United States would exclude capital from either country from oil extraction projects in Venezuela. Hydrocarbons Minister Paula Henao outlined the government’s official […]

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Venezuela “returns” to the U.S. and Western sphere of influence

The Trump administration is reversing, through forceful actions and aggressive diplomacy, what President Chávez painstakingly built, and Nicolás Maduro later sought to deepen. José Gregorio Yépez The signing of Venezuela’s oil agreements with the multinational companies that attended the meeting at Miraflores, with the approval of U.S. Energy Secretary Chris Wright, marks one of the […]

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U.S. expects Venezuela to double oil production in less than five years

The Daily Journal.— The Donald Trump administration expects new investments and energy agreements between the United States and Venezuela to double Venezuelan oil production in less than five years, according to a U.S. Department of Energy fact sheet released Friday by the U.S. Embassy in Caracas. The document presents agreements signed this week with companies […]

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GE Vernova plans to add one gigawatt of new power capacity within two years

CARACAS — GE Vernova expects to bring one gigawatt of new, reliable power generation capacity online in Venezuela within the first 24 months of implementing its agreement to modernize and expand the country’s energy infrastructure, according to a fact sheet released Friday by the U.S. Embassy. The projection is part of a broader plan to […]

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Venezuela and Trinidad and Tobago turn the page and agree to revive energy cooperation

The Daily Journal — The governments of Venezuela and Trinidad and Tobago formally launched a new stage in their diplomatic relations after signing a bilateral working agenda aimed at restoring cooperation in energy, trade and border security. The agreement followed an official visit to Caracas by Trinidad and Tobago’s Minister of Foreign and CARICOM Affairs, […]

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Volunteer work and donations keep feeding those still struggling in the aftermath of the La Guaira earthquakes

Volunteers and contributions from businesses and individuals are helping sustain efforts to recover bodies and even protect properties affected by the June 24 earthquakes. Vanessa Davies Norbelis Martínez’s hands were slicing peppers with infinite patience this Wednesday, September 2. With a smile, she endured the sweltering 11:00 a.m. heat in Maiquetía. For Norbelis, the end—filling […]

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Venezuela consolidates position as Latin America and the Caribbean’s Third-Largest oil producer

The Daily Journal.— Venezuela ranked as the third-largest oil producer in Latin America and the Caribbean in April, accounting for 11% of the region’s crude output, according to the latest report from the Latin American Energy Organization (Olacde), cited by EFE. Regional oil production reached 318 million barrels in April, up 10% from the same […]

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GE Vernova plans to create more than 1,000 local jobs to restore oil industry power grid

The Daily Journal.— General Electric (GE) Vernova plans to create more than 1,000 local jobs as part of a strategic partnership signed Wednesday to restore and stabilize electrical infrastructure supporting Venezuela’s oil industry, a senior executive from the U.S. company announced during a ceremony at Miraflores Palace. GE Vernova Venezuela President Carlos Mousadi and Petróleos […]

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Venezuelan company Primavera Infinita signs agreement to develop Budare-Elotes block

The Daily Journal. — Venezuelan company Primavera Infinita signed a Production Participation Contract with Petróleos de Venezuela (PDVSA) on Wednesday to develop the Budare-Elotes block, located between Anzoátegui and Monagas states, as part of a new round of agreements aimed at adding new areas to the country’s oil production portfolio. The parties signed the agreement […]

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How much does it cost to repair a home in Caracas after the June 24 earthquakes?

The Daily Journal.- The two powerful earthquakes that struck several regions of Venezuela on June 24 caused structural damage to homes, buildings and public spaces. Caracas, one of the hardest-hit cities after La Guaira, woke up to cracked walls and ceilings and buckled floors. More than two months after the earthquakes, thousands of families still […]

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