EFE – U.S. Secretary of State Marco Rubio departed India on Thursday after a visit focused on expanding energy cooperation and promoting the processing of Venezuelan oil at Indian refineries, as Washington seeks to diversify global crude oil supplies. “I just left India after advancing our economic and strategic priorities in the region,” Rubio said […]
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The Daily Journal – A recent investigation by U.S. news outlet ProPublica has revealed critical details about a new energy agreement in the region. The oil deal promoted by U.S. President Donald Trump with Venezuela protects the interests of private businesspeople. Still, it does not explicitly require the payment of $209 billion in taxes and […]
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Venezuela has an estimated installed capacity of 34 gigawatts (GW) but generates approximately 13 GW against demand of 16 GW. Underinvestment, infrastructure failures, and the loss of skilled personnel are hindering the country’s industrial recovery. The Daily Journal – Venezuela’s electricity system generates approximately 13 gigawatts (GW), less than 40% of its estimated installed capacity […]
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Marco Rubio said New Delhi is willing to process more Venezuelan oil and highlighted its capacity to refine heavy crude. Washington did not specify which restrictions it might modify or announce any concrete measures. The Daily Journal – The United States will need to address potential sanctions-related obstacles to enable India to increase its refining […]
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The Daily Journal – Multinational oilfield services companies are taking their first steps toward deploying personnel, equipment, and machinery in Venezuela. Specifically, Weatherford International, Baker Hughes, Halliburton, and SLB are advertising dozens of job openings in the country on their websites. This development offers an early sign that a Washington-backed plan to rebuild Venezuela’s energy […]
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ECLAC estimates that Venezuela’s goods exports will reach $29.146 billion, while imports will decline 11% in value. The country’s terms of trade are expected to improve by 23%, the second-largest increase in Latin America and the Caribbean. The Daily Journal — The value of Venezuela’s goods exports is expected to grow 17% in 2026, reaching […]
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The organization forecasts a 23% increase for Venezuela, the second-highest in Latin America and the Caribbean, amid rising international commodity and hydrocarbon prices. The Daily Journal — Venezuela will record a 23% improvement in its terms of trade in 2026, one of the largest increases in Latin America and the Caribbean, driven by export price […]
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Delcy Rodríguez said oil output in the western state climbed from 70,000 barrels per day to its current level and announced plans to expand natural gas production and exports. The Daily Journal — Oil production in Zulia state has increased from 70,000 to 370,000 barrels per day, with output expected to reach 400,000 barrels per […]
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Delcy Rodríguez linked the investments to recently signed agreements and said the bilateral deal with the United States includes drilling operations involving 250 rigs across 17 oil fields. The Daily Journal — Venezuela expects to attract approximately $76 billion in investments in its oil sector over the next five years through a series of recently […]
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KEO Capital’s U.S. subsidiary will manage the joint venture’s technical operations in the Lake Maracaibo Basin. Julio A. López, Editor-in-Chief — KEO Energy, the U.S. subsidiary of KEO Capital specializing in oil and gas, is expanding its presence in Venezuela’s oil industry through an agreement with Petróleos de Venezuela (PDVSA) to manage PetroUrdaneta. This joint […]
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