OFAC issues eight amended general licenses for Venezuela and eases contractual requirements

The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]

Continue Reading

U.S. negotiates stake in Venezuelan oil fields, Axios reports

The Daily Journal – The Donald Trump administration is holding advanced talks with Venezuela’s interim government to acquire an equity stake in the South American country’s oil fields under a deal that official sources describe as “massive,” digital news outlet Axios reported Thursday. If the parties finalize the deal, it would cover more than a […]

Continue Reading

National Assembly approves partial Reform of Organic Law of the Supreme Court in first debate

The Daily Journal – Venezuela’s National Assembly (AN) unanimously approved the partial reform bill of the Organic Law of the Supreme Court of Justice (TSJ) in its first debate during an extraordinary session this Thursday. The proposal changes the composition of the Judicial Nominations Committee, which selects the justices of the country’s highest court. Content […]

Continue Reading

Provea warns eliminating checkpoints will not dismantle corruption or police abuse

The Daily Journal. — The nongovernmental organization Provea warned that acting President Delcy Rodríguez’s decision to eliminate police and military checkpoints in urban areas across the country will not suffice to dismantle the corruption, extortion and abuse of authority associated with these control points. Provea said the measure, which authorities presented as a plan to […]

Continue Reading

U.S. deports former GNB Colonel Rafael Quero Silva to Venezuela, accused of torturing opposition members

EFE.- The United States deported Rafael José Quero Silva to Venezuela, a former colonel in the Bolivarian National Guard (GNB) accused of participating in the detention and torture of dozens of political opponents during Nicolás Maduro’s government. Immigration and Customs Enforcement (ICE) detained Quero Silva in South Florida in February 2025. He served in the […]

Continue Reading

Maiquetía’s gradual reopening to begin with 30% of flights

The Daily Journal.- Simón Bolívar International Airport in Maiquetía will resume operations for between 30% and 33% of international flights starting September 1. Transportation Minister Francisco Garcés confirmed that authorities will reopen the airport gradually while repair work continues on facilities damaged by the earthquakes that struck on June 24. Before the earthquakes damaged the […]

Continue Reading

Expert warns Venezuela has 17,000 abandoned oil wells

Carlos Mendoza Potellá said Venezuelan oil production will not recover quickly The Daily Journal.- Economist and oil industry expert Carlos Mendoza Potellá said Venezuela has approximately 17,000 abandoned oil wells that the country could reactivate; however, he warned that the process could take years. “We have 17,000 production-capable wells that we abandoned a long time […]

Continue Reading

Cisneros Organization distances itself from Petrodelta claim and clarifies that three independent groups operate under the Cisneros name

The company clarified that it has no ties to the lawsuit filed by Oswaldo Cisneros’ successors The Daily Journal.- Cisneros Organization (OC) formally distanced itself from the lawsuit that Oswaldo Cisneros’ estate filed against the Venezuelan state over the reversal of the Petrodelta oil concession, a claim totaling US$2 billion. Through a dossier sent to […]

Continue Reading

Dollarize without balancing the value of wages?

Juan Barreto, Director of The Daily Journal for Venezuela and Latin America In recent days, there has been much talk about dollarization. Congressman Antonio Ecarri put forward this proposal, prompting a strong reaction from National Assembly President Jorge Rodríguez. Dollarization is a policy that very few countries have adopted. As you know, there are 192 […]

Continue Reading