Understand how the Venezuelan economy moves.
The overall picture suggests an industrial reconfiguration aimed at recovering national production capacity and stabilizing the country’s economy. Image: Halliburton…
Continental Resources, the oil company that Harold Hamm founded in 1967 and that today he controls alongside his family, signed a memorandum of understanding this week with PDVSA to develop Block Ayacucho 2 in the Orinoco Belt.
At the G20 summit in Houston, Venezuela did not participate as a member of the club but did hold several bilateral meetings and signed oil and mining agreements with Continental Resources and Heeney Capital.
The long-term sustainability of an expanded labor market at its different levels will depend on the constant increase in national production and macroeconomic stability.
Several foreign companies are beginning to show interest in the country’s mining deposits.
The restart of operations will be partial, with only an estimated quarter of the pre-disaster operational flow.
While authorities promote these actions as progress, business guilds and the financial community suggest that deeper changes are required, such as eliminating the IGTF and revising tax rates.
Fortune magazine reported that American economist Steve Hanke and Venezuelan deputy Antonio Ecarri are working on a plan to formally dollarize Venezuela.
Jovanny Martínez, executive vice president of PDVSA, and Hunter L. Hunt, president of Hunt Oil, signed an oil production contract during the IMAGE 2026 conference in Houston, Texas.
Given the constraints, financial products have reemerged alongside private microfinancing and social programs that address needs, entrepreneurship, and personal consumption.
