The Daily Journal – The Government of Venezuela and the state oil company Petróleos de Venezuela S.A. (PDVSA) have begun distributing to potential investors and energy service companies a draft regulation of the new oil law and a key model contract, according to reports published by news agencies and specialized media outlets. The new regulatory […]
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The Daily Journal. – The U.S. startup Erebor Bank, financially backed by billionaire Peter Thiel, has begun direct contacts with senior Venezuelan officials to propose restoring the country’s access to the U.S. financial system, according to a Bloomberg report. The digital bank, which obtained its operating license in the United States just three months ago, […]
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The Daily Journal.- Lawyers representing Venezuela have asked a U.S. court to suspend the sale process of Citgo Petroleum, arguing that the company’s valuation has increased significantly since the auction of its parent company, PDV Holding, was approved in late 2024 . According to Reuters, attorney Alexandra Cumings stated in a letter to Delaware […]
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The Daily Journal.- The interim president of the Central Bank of Venezuela ( BCV), Luis Pérez, described the launch of the renegotiation of the country’s external obligations as a fundamental step that brings the nation “out of the shadows” in international markets. In an exclusive interview with the Reuters news agency, Pérez explained that the […]
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The Daily Journal.- A group of representatives from the World Bank will visit Caracas to meet with Venezuelan authorities, marking the first in-person meeting of this kind since formal relations were restored last month, according to a Bloomberg report. Venezuela has been a member of the financial institution since 1946, although the last loan granted […]
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The Daily Journal.- The U.S. chargé d’affaires in Venezuela, John Barrett, reported that he held a meeting with Rolando Alcalá, the Minister of Electric Power of the interim authorities, to discuss plans aimed at rebuilding Venezuela’s electrical grid. In a message posted on social media, Barrett stated that the meeting is part of a “three-phase […]
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The Daily Journal.- This Wednesday, during the presentation of the Industrial Economic Survey (ECI-I26), the Venezuelan Confederation of Industrialists (Conindustria) revealed that private manufacturing has managed to increase its operational capacity and improve employee compensation. However, the business association warned that the lack of widespread bank credit and deficiencies in the national electricity supply act […]
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The Daily Journal.- Venezuela’s private manufacturing industry recorded a year-over-year growth of 9.9% in production volume during the first quarter of 2026, according to the results of the latest Industrial Economic Survey (ECI-I26) released by the Venezuelan Confederation of Industrialists (Conindustria). Conindustria president Tito López highlighted that this progress is the result of the sector’s […]
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The Daily Journal. – International financial markets registered a rebound in the valuation of Venezuelan assets this Wednesday after the government of interim president Delcy Rodríguez officially announced its intention to begin a process of renegotiating the country’s external debt. According to a Bloomberg report, sovereign bonds, which have remained in default territory since 2017, experienced […]
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The Daily Journal.- The Venezuelan government announced this Wednesday the formal launch of a comprehensive restructuring process for the Republic’s external public debt and that of Petróleos de Venezuela (PDVSA), in a move authorities described as the beginning of a new phase aimed at restoring the country’s financial and productive capacity. The announcement was made […]
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