The Daily Journal — The International Monetary Fund (IMF) appointed Spanish economist Álvaro Piris Chavarri as its new mission chief for Venezuela, according to sources familiar with the matter cited by Bloomberg. The move signals progress toward rebuilding the institution’s relationship with the country after years of distance. Piris brings a background in macroeconomics and […]
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Bloomberg — JPMorgan Chase & Co. and Jefferies Financial Group Inc. are organizing trips to Caracas as investor demand grows for firsthand insight into Venezuela’s efforts to revive its oil-rich economy and restructure its debt after years of isolation. Executives from Jefferies traveled to the South American country this week and are considering another visit […]
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By Julio A. López. Audio: https://clyp.it/sxc5j3do Caracas, June 4, 2026 — Chevron has sent a clear message to the international energy market: Venezuela still offers extraordinary oil potential, but new investment will depend on big changes to the fiscal framework that governs the industry. Chevron CEO Mike Wirth said in a Bloomberg interview today that the […]
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The Daily Journal — The recent reform of Venezuela’s Organic Hydrocarbons Law has sparked an intense debate about the future of the country’s primary source of income. While the government argues that the changes aim to attract investment and increase oil production, energy economists warn that the new framework significantly reduces the state’s share of […]
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By Julio A. López. Audio: https://clyp.it/febjsi2j Caracas, June 3, 2026 — Venezuela hosts the world’s largest proven oil reserve in the Orinoco Oil Belt, with more than 300 billion certified barrels. This figure exceeds the reserves of countries that many people traditionally regard as energy giants, such as Saudi Arabia, Iran, and Canada. Located north of […]
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The Daily Journal — The Venezuelan government has hired Hogan Lovells US LLP as its strategic legal advisor to help restore the country’s access to international capital markets. Authorities disclosed the appointment of the international law firm, which maintains major offices in Washington and London, through an official filing published by the Foreign Agents Registration […]
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The Daily Journal — In a strategic shift for the country’s energy policy, the National Assembly unanimously approved the Partial Reform Bill of the Organic Law of the Electric System and Service during its first debate on Thursday. The national executive submitted the bill, which opens the sector to private and mixed capital under a […]
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The Daily Journal. — Chevron Corporation CEO Mike Wirth warned that Venezuela needs to urgently reduce corporate taxes and oil production royalties if the country wants to attract fresh investment capital next year. During an interview with Bloomberg TV, Wirth explained that current fiscal conditions severely limit international operators’ profit margins and weaken Venezuela’s competitiveness […]
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The Daily Journal. — Venezuela recorded a coffee harvest of approximately four million quintals during the 2025–2026 cycle, interim president Delcy Rodríguez announced this weekend, attributing the result to stronger community production organizations and government support for the agricultural sector. The announcement took place during the First Meeting of the 2026 Communal Coffee Plan, held […]
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The Daily Journal. — The Venezuelan government has launched a new technical infrastructure to centralize and safeguard strategic information related to the country’s energy resources. Interim President Delcy Rodríguez inaugurated the Hydrocarbon Technology and Data Management Center last Friday, a complex designed to strengthen sovereignty, data processing, and governance across the national oil, gas, and […]
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