Understand how the Venezuelan economy moves.
Executive Vice President Delcy Rodríguez announced on Wednesday that foreign currency allocated for imports will be rationed to prioritize essential needs, such as food, medicine, and production supplies.
In previous years, price adjustments have contributed to the disappearance of basic goods from store shelves and inflationary pressure, creating…
While Chevron was the main U.S. producer of Venezuelan oil, the product found a long list of buyers in the East Coast.
The Jose Blending Plant of PDVSA, located in the José Antonio Anzoátegui Industrial Complex in Barcelona, Anzoátegui, was expanded in…
With an expected drop of up to 30% in oil revenues due to new U.S. sanctions, Nicolás Maduro’s government is tightening the screws on the private sector.
Mohammad Baqer Ghalibaf, Speaker of the Islamic Consultative Assembly of Iran, upon his arrival this Sunday at Simón Bolívar Maiquetía…
On July 28, Attorney General Tarek William Saab announced that police had arrested Carlos Andrés Pérez, who managed the account Monitor Dolar.
Venezuela’s Vice President and Minister of Hydrocarbons, Delcy Rodríguez, stated that oil fields operated in partnership with U.S. and European companies remain in “full production”.
Chevron has already terminated all its contracts for oil production, services, and procurement for Venezuela upon the expiration of its license.
The shortage of official foreign currency has directly impacted prices and the purchasing power of Venezuelans. Photo: Archive Guacamaya, May…
