Release of Rodrigo Cabezas and Members of the Venezuelan Finance Observatory Confirmed
The former Minister of Finance and Chavista dissident spent 41 days under conditions of enforced disappearance, according to his family….
Economy
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Maduro Proposes More Binational Economic Zones Between Colombia, Apure, and Amazonas
During his Con Maduro + TV program, President Nicolás Maduro proposed the creation of a second and third “Binational Economic Zone” between Colombia and Venezuela.
Felipe Capozzolo Takes Office as President of Fedecámaras After a Closely Contested Election
In a tightly contested election, the 81st Annual Assembly of Fedecámaras, held in the city of Valencia, elected Felipe Capozzolo as its new president for the 2025–2027 term.
Chevron Completes Acquisition of Hess After Legal Dispute with ExxonMobil
Chevron has successfully completed its $53 billion acquisition of Hess after winning a legal battle against ExxonMobil.
Chinese investors to develop farmland in western Monagas to boost agro-food zone
Monagas governor Ernesto Luna announced on Wednesday the signing of an agreement with the Chinese investment group China Ai, aimed at developing an ambitious agro-industrial project on lands in western Monagas. The initiative includes the creation of several joint ventures and an International Investment Fund, with the goal of driving food production and exports from the region.
Colombia Seeks U.S. License to Purchase Monómeros
The Colombian government is reportedly seeking a license from the United States to acquire the fertilizer company Monómeros Colombo Venezolanos.
China raises crude processing to highest level since 2023, driven by margins and cheap oil
Chinese refineries posted their highest level of activity since September 2023 in June, processing 15.2 million barrels per day (bpd) of crude oil, up 8.5% from the same month last year. The rebound was due to the end of seasonal spring maintenance and improved refining margins — particularly for diesel — which encouraged plants to ramp up operations ahead of the summer demand peak.
Venezuela’s Oil Production Remained Stable in June, According to OPEC
Venezuela’s oil production saw a slight increase in June, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report.
Latin America Breaks Records in Egg Production and Consumption: Brazil Leads and Venezuela Rises in Rankings
In 2024, the Latin American poultry industry reached historic figures in both egg production and consumption, solidifying the region as one of the most dynamic in the world. Brazil reaffirmed its leadership with over 57 billion units, while Venezuela climbed to seventh place, surpassing countries like the Dominican Republic and Ecuador. Additionally, for the first time, Latin Americans consumed more eggs per capita than the global average, according to the *2024 LATAM Productive Data* report by the Latin American Egg Institute (ILH).
Chinese Company Signs Letter of Intent for La Guaira Special Economic Zone
Chinese company Shenzhen Mood LED Technology Co. signed a letter of intent with the government of La Guaira to establish a production plant in the state’s Special Economic Zone.