Tag: Hugo Chávez

Thursday, July 15th 2010 - 06:05 UTC
Venezuela oil reserves could double Saudi Arabia, says US assessment

A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia. Scientists working for the US Geological Survey say Venezuela's Orinoco belt region holds twice as much as previously thought.
Friday, June 25th 2010 - 05:38 UTC
Venezuela plans to nationalize a fleet of oil rigs from US corporation

Venezuela will nationalize a fleet of oil rigs belonging to US Company Helmerich and Payne, the latest takeover in a push to XXI century Socialism announced President Hugo Chávez as he struggles with lower oil output and a recession.
Monday, May 24th 2010 - 03:42 UTC
Come the rainy season Chavez announces beginning of end to black outs

Venezuelan President Hugo Chavez announced that the arrival of the rainy season will help eliminate power rationing on weekends and on weekdays at non-peak hours. Chavez made the announcement during a meeting of an electricity advisory group at the Miraflores presidential palace that was aired by state-run VTV television.
Friday, May 14th 2010 - 01:22 UTC
Indian Sub-Submersible Gas Rig Sinks off the Coast of Venezuela

Aban Offshore (BOM:523204), India’s largest offshore drilling and oil field services provider, suffered a major setback on Thursday, when its gas platform Pearl sunk off the coast of Venezuela. This was one of Aban’s biggest money spinning rig earning 358,000 US dollars a day.
Tuesday, May 11th 2010 - 23:59 UTC
Chile Denies “Arms Race”; Praises Homologation Process with Argentina

Chilean Foreign Affairs Minister Alfredo Moreno Charme said he does not see an “arms race” in the continent and suggested following the Argentine–Chilean experience of “homologating military expenditure”.
Tuesday, May 11th 2010 - 00:33 UTC
Former Allies but Later Staunch Critics of Chávez Sentenced to Years of Prison

A former Venezuelan defence minister who has become a staunch critic of President Hugo Chávez was sentenced to almost eight years in prison for alleged misappropriation of funds in connection with the purchase of military equipment.
Monday, May 10th 2010 - 05:45 UTC
Serra Wants Mercosur With Member Vote Linked to GDP and Population

Leading Brazilian presidential candidate José Serra said it was “very good” for his campaign that Venezuela’s leader Hugo Chávez should openly support his main competitor incumbent hopeful Dilma Rousseff and again warned about the shortcomings of Mercosur.
Wednesday, May 5th 2010 - 21:41 UTC
Brazil “Blackmails” Paraguay to Approve Venezuela’s Mercosur Annexation

Paraguayan opposition and media strongly criticized Brazilian president Lula da Silva’s for not keeping his Itaipú dam-controversy promises and allegedly for conditioning further assistance to the approval by the Paraguayan congress of Venezuela’s incorporation to Mercosur.
Monday, May 3rd 2010 - 08:02 UTC
Corruption Claims in Argentine/Venezuelan Trade Involve Néstor Kirchner

The Argentine political establishment is agitated after the heavy remarks made before a federal judge by former Argentine ambassador to Venezuela Eduardo Sadous, who said local businessmen had to pay kickbacks to former president Néstor Kirchner administration officials to be able to export their goods to Venezuela.
Monday, May 3rd 2010 - 02:16 UTC
Colombia’s Uribe Warns Nationalizations Lead to “Major Social Defeats”

Colombian president Alvaro Uribe questioned Latin American countries that are moving along the path of nationalization of corporations and warned that erasing private sector investments only anticipates “major social defeats”.