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.
Economy
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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.
What does the OPEC’s annual outlook report, World Oil Outlook 2025, say, and what are its implications for Venezuela?
The oil cartel predicts that the world will need nearly 123 million barrels per day in 25 years, driven by developing economies, despite the rise of electric vehicles and renewable energy.
China announces interest and readiness to modernize Venezuela’s power system
Amid a renewed rapprochement driven by the impact of U.S. sanctions, China and Venezuela are advancing their strategic partnership with the signing of new agreements, the delivery of heavy equipment, the modernization of the power grid, support for vulnerable groups, and further investments in key sectors such as hydrocarbons, agriculture, industry, and public services. Beijing has also expressed interest in Venezuela’s Special Economic Zones, aligning its presence in the Caribbean with the Belt and Road Initiative.
Materials for Venezuela’s First Fiber Optic Plant With Iranian Technology Arrive
The new plant, named Venefibra, represents an effort in the pursuit of technological sovereignty and economic diversification. Photograph: Radio Miraflores….
Venezuela Added to European List of High-Risk Countries for Money Laundering and Terrorist Financing
On Wednesday, the European Parliament greenlit the inclusion of Venezuela in the list of jurisdictions with “high risk” for money laundering and terrorist financing—a designation that requires banks and other financial entities in the European Union to apply enhanced scrutiny on transactions from the Caribbean country. The decision confirms the updated proposal presented by the European Commission on June 10, after technical consultations with the assessed states and a review of commitments made by others
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….