Colombia Intensifies Efforts to Acquire Monómeros With Minister’s Visit to Caracas
Monómeros is seen by the Colombian Government as a fundamental pillar for agricultural development, food price stability, and regional integration….
Economy
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Vice President Delcy Rodríguez arrived in Vienna for the OPEC International Seminar
The OPEC International Seminar has established itself as the organization’s premier dialogue forum outside of technical and ministerial meetings. Held periodically in Vienna since 2001, this event brings together energy and oil ministers from member and non-member countries, executives from major oil companies, academics, analysts, and representatives of financial institutions. Its purpose is to discuss trends in the energy market, demand evolution, the energy transition, and the role of fossil fuels in a changing world. This year’s edition, the ninth, takes on special relevance amid geopolitical tensions and growing demands to reduce carbon emissions.
OFAC Ends License for Venezuela to Import Liquefied Petroleum Gas
The license was issued by the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury. Guacamaya,…
China-Venezuela Grand Expo Seals Alliance for Joint Development of Artificial Intelligence
The Vice President Delcy Rodríguez and the Chinese Ambassador to Caracas, Lan Hu, signed the agreement at the event’s opening,…
Venezuela and Colombia Strengthen Energy Agenda and Explore New Areas of Cooperation
Venezuela’s Minister of Hydrocarbons, Delcy Rodríguez, held a meeting on Thursday with Colombia’s Minister of Mines and Energy, Edwin Palma, to review the shared energy agenda and explore new areas of cooperation in hydrocarbons
ExxonMobil Returns Part of Stabroek Block to Guyana Amid Esequibo Dispute
US oil company ExxonMobil has returned a portion of the strategic Stabroek Block to the State of Guyana, fulfilling a contractual clause and avoiding areas affected by the territorial dispute with Venezuela. The measure, announced by Guyana’s Ministry of Natural Resources, comes after years of exploration along the Atlantic coast that have transformed Guyana’s economy.
U.S. Court Official Recommends Gold Reserve’s Bid in Auction for Citgo Parent
A U.S. court official overseeing the auction of PDV Holdings, the parent company of Citgo Petroleum, has recommended the $7.38 billion bid.
Russia Builds Ammunition Factory in Venezuela
A Russian state-owned company has completed the first phase of an ammunition factory in Venezuela, which will supply the country’s armed forces and security agencies.
REUTERS: Venezuela Redirects Oil Exports to China Following U.S. Sanctions
Venezuela’s oil exports rose by 8% in June, reaching an average of 844,000 barrels per day (bpd), driven by a significant increase in shipments to China. The uptick helped offset the country’s loss of access to U.S. and European markets after Washington revoked key licenses.
Ministry of Transport to recover Portuguesa – Lara – Puerto Cabello cargo train
The government has announced that it will launch a cargo train to connect Araure, Portuguesa and Barquisimeto, Lara with the docks at Puerto Cabello, Carabobo.