The arrival of the floating platform Alula in Lake Maracaibo marks a new chapter in energy cooperation between China and Venezuela. The project, valued at $1 billion and led by China Concord Resources Corp (CCRC) in partnership with Petróleos de Venezuela (PDVSA), aims to revive production in the Lago Cinco and Lagunillas Lago fields, with a target of 60,000 barrels per day by 2026.
Venezuela’s exports rose to over 966,000 barrels per day (bpd) in August, a nine-month high, according to shipping data quoted by Reuters.
The recent Shanghai Cooperation Organization (SCO) Summit, held in China, became a highly relevant geopolitical event that transcends the borders of Central Asia. The meeting brought together leaders of major powers and emerging countries, consolidating the SCO as a space for dialogue and coordination that seeks to offer alternatives to the international order that emerged after World War II.
James B. Story was the United States ambassador to Venezuela from July 2018 to May 2023.
Michael Paarlberg is a Political Science professor at Virginia Commonwealth University. In 2020 he served as the Latin America advisor to Bernie Sanders.
The World Food Programme (WFP) announced that it will reduce its projects in Venezuela by half during 2025 due to a lack of international funding. The measure will directly affect vulnerable communities, especially rural schools where the agency had concentrated a large part of its efforts in recent years.
In Anchorage, Alaska, U.S. President Donald Trump and Russian President Vladimir Putin are meeting in a summit that, while officially focused on the war in Ukraine, carries multiple geopolitical, historical, and diplomatic dimensions. The meeting, from which Ukrainian President Volodymyr Zelensky was excluded, takes place amid international tensions and economic sanctions.
The Canopus Voyager, flagged in the Bahamas, has initiated the resumption of Venezuelan oil shipments to the United States under the current sanctions framework, with a limited load scheduled for August.
PDVSA sign on a water well drilling platform during FICTEC 2018, an International Science and Technology Fair. Photo: @Testing /…
The state of economic emergency began this April. Photo: Social media. Guacamaya, August 11, 2025. The Venezuelan government announced this…
