A day earlier, Beijing demanded respect for its energy agreements with Venezuela The Daily Journal.- U.S. Energy Secretary Chris Wright said China will have no rights to collect revenue from Venezuela’s new oil production as efforts move forward to restructure the Caribbean country’s massive debt. In an interview with Bloomberg Television from Caracas, the U.S. […]
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The Daily Journal.— U.S. oil exploration company Aspect Holdings will develop several fields in eastern Venezuela over the coming years as part of a new exploration agreement with Petróleos de Venezuela (PDVSA), company President Alex Cranberg announced Wednesday. The parties signed the agreement “for a joint technical and economic feasibility study for the development of […]
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EFE.- Lawyers for ousted Venezuelan President Nicolás Maduro asked a U.S. court on Wednesday to dismiss the criminal case against him on sovereign immunity grounds, according to the digital court docket. Maduro’s attorney, Barry Pollack, filed two motions with the court: one seeking dismissal of the entire indictment based on sovereign immunity and another, should […]
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The Daily Journal.— During U.S. Energy Secretary Chris Wright’s visit to Caracas, the Venezuelan government formalized new agreements for the hydrocarbons sector on Wednesday at a meeting with a Washington delegation at Miraflores Palace. The agreements include expanded participation by U.S.-based Chevron and Italy’s Eni in joint ventures operating in the Orinoco Oil Belt. Earlier […]
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The Daily Journal – U.S. President Donald Trump said Wednesday that Venezuela’s interim president, Delcy Rodríguez, “wants” the country to hold elections. However, he believes the South American nation is “not ready” for them yet. Speaking to reporters at the White House, Trump praised the Venezuelan leader and highlighted her performance at the helm of […]
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The Daily Journal.— The Military High Command of the Bolivarian National Armed Forces (FANB) formally expressed its support on Tuesday for the energy agreement between Venezuela and the United States to develop 17 oil fields that account for one-fifth of the country’s proven crude oil reserves. Defense Minister Gustavo González López made the statement after […]
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The Daily Journal – Venezuela’s National Assembly (AN) unanimously approved on Tuesday, in a second reading, a partial reform of the Organic Law of the Supreme Court of Justice (TSJ), a legislative measure that implements the first agreement reached at the dialogue table between the government and the opposition. The legal amendment, which will take […]
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The Daily Journal. — Venezuela’s National Assembly on Tuesday approved a resolution supporting the binational energy agreement announced by Caracas and Washington, an initiative that places at least 65 billion barrels of Venezuela’s proven oil reserves under the control of U.S. companies. The ruling bloc backed the resolution, while opposition lawmakers distanced themselves from the […]
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The Daily Journal.- Venezuelan crude exports surged in August as U.S. President Donald Trump’s administration seeks to expand its control over the country’s oil sector. Oil tankers loaded an average of 1.114 million barrels per day of Venezuelan crude in August, a 28% increase from July, according to shipping reports, data from Kpler Ltd., and […]
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Beijing called Tuesday for safeguards for its interests in fields operated by Chinese companies such as Sinopec and CNPC. The Daily Journal.- The Chinese government on Tuesday demanded protection for its interests in Venezuela following reports that, under the oil agreement between Caracas and Washington, U.S. companies could take control of several fields currently operated […]
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