What do we know about the new oil contracts in Venezuela?
An alleged list of companies that signed “productive participation contracts” (CPPs) with PDVSA was recently leaked. There has also been talk of…
Economy
Understand how the Venezuelan economy moves.
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New value of the Unidad Tributaria: Essentials for taxpayers and businesses
The recent increase in Venezuela’s tariff tool was set at a rise of 377.7% compared to its previous value fixed…
Delcy Rodríguez Announces New Restrictions on Foreign Currency Allocation for Imports
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.
Price Adjustment Revives Fear of Shortages and Inflation
In previous years, price adjustments have contributed to the disappearance of basic goods from store shelves and inflationary pressure, creating…
Which U.S. companies bought Venezuelan oil?
While Chevron was the main U.S. producer of Venezuelan oil, the product found a long list of buyers in the East Coast.
Reuters: Venezuela Stabilizes Its Oil Exports in May Thanks to More Shipments to China
The Jose Blending Plant of PDVSA, located in the José Antonio Anzoátegui Industrial Complex in Barcelona, Anzoátegui, was expanded in…
Reuters: Venezuela Raises Taxes on Private Sector After Chevron License Cancellation
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.
Venezuela Received the President of the Iranian Parliament to Strengthen Bilateral Ties
Mohammad Baqer Ghalibaf, Speaker of the Islamic Consultative Assembly of Iran, upon his arrival this Sunday at Simón Bolívar Maiquetía…
What Does the Operation Against “Monitor Dolar” Mean for Venezuela’s Exchange Market?
On July 28, Attorney General Tarek William Saab announced that police had arrested Carlos Andrés Pérez, who managed the account Monitor Dolar.
Delcy Rodríguez States That Joint Ventures with Chevron, Repsol, Eni, and M&P Remain in “Full Production”
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”.