The Daily Journal. — U.S. President Donald Trump said Sunday that his administration will soon use Venezuelan crude to replenish the country’s strategic energy reserves following the recent bilateral agreement that gives U.S. companies operational control over one-fifth of the South American country’s proven reserves. In a post on his Truth Social platform, Trump lashed […]
Continue Reading
Héctor Sánchez, Sociologist. — It seems that most Venezuelans are waiting for the arrival of a Messiah or some providential savior who will come and, with the stroke of a pen, resolve the profound crisis afflicting us. This attitude carries serious sociological and political implications. First, because Venezuela’s history is riddled with messianic strongmen whose […]
Continue Reading
The Daily Journal. — The U.S. Department of War plans to acquire a 35% non-controlling stake in a private company that holds rights to develop oil fields in Venezuela, a move that would mark an unusual expansion of the U.S. government’s direct involvement in an energy project in the country, The Wall Street Journal reported […]
Continue Reading
María Alejandra Díaz Marín. – The bilateral understanding recently circulated on social media, which reportedly proposes majority U.S. control over more than 65 billion barrels of Venezuelan oil reserves in exchange for $100 billion, demands rigorous legal, constitutional and financial scrutiny. If its terms prove accurate, we would face a transaction with enormous consequences for […]
Continue Reading
Dr. Juan Barreto, Director of The Daily Journal for Venezuela and Latin America.— The week begins with plenty of movement on the oil front. On the one hand, this Friday, U.S. President Donald Trump announced on his social media platform that he had signed an oil agreement with Venezuela’s acting president, Delcy Rodríguez, calling it […]
Continue Reading
The Daily Journal. — U.S. Secretary of State Marco Rubio on Friday endorsed the bilateral energy agreement with Venezuela, which gives Washington majority control over 17 strategic oil fields with proven potential of 65 billion barrels of reserves. “This agreement is a major win for both the American and Venezuelan people,” the top U.S. diplomat […]
Continue Reading
The Daily Journal. — The Venezuelan government confirmed Friday night that it had signed an energy agreement with the United States that opens the development of “17 strategic fields, with proven potential of 65 billion barrels of oil” to private operators. In an official statement posted on social media, acting President Delcy Rodríguez described the […]
Continue Reading
The Daily Journal. — U.S. President Donald Trump announced Friday that Washington had reached an energy agreement with the Venezuelan government that he described as “the largest oil deal in world history,” under which U.S. companies will assume majority control over more than 65 billion barrels of proven crude oil reserves. In a message posted […]
Continue Reading
The Daily Journal. — A group of legal and financial advisers has created a committee to bring together and represent Venezuela’s commercial creditors, aiming to coordinate their participation in the debt restructuring process announced by the government, Reuters reported. The committee, formed in early August and scheduled for an official launch this Thursday, seeks to […]
Continue Reading
The Daily Journal. — The Inter-American Commission on Human Rights (IACHR) and its Special Rapporteurship on Economic, Social, Cultural and Environmental Rights (REDESCA) expressed deep concern over the expansion of illegal gold mining in southern Venezuela. They denounced its severe impact on local communities. The organizations warned that “persistent human trafficking, sexual exploitation, deteriorating health […]
Continue Reading
