Venezuela

Venezuela
Saturday, August 30th 2014 - 07:10 UTC

Venezuela cheap oil and fuel shipments to allies fall to a five-year low

The accords that former president Hugo Chavez struck to lower energy costs for friends and expand his diplomatic clout, are not being fully complied .

Venezuela’s shipments of crude oil and fuel to its allies have fallen to a five-year low as a weak economy hits its ability to uphold accords that former president Hugo Chávez struck to lower energy costs for friends and expand his diplomatic clout.

Tuesday, August 12th 2014 - 06:10 UTC

Venezuelan oil company begins operations with China’s Citic Bank

 PDVSA told buyers payments can still be made in dollars or Euros, but every transfer must go to China Citic Bank and use Deutsche Bank as intermediary.

Venezuela’s state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal’s Banco Espirito Santo, according to media reports in Caracas.

Friday, August 8th 2014 - 08:31 UTC

IATA warns Venezuela it could be left isolated, if it doesn't pay airlines

“There are five airlines that have come to an agreement, but only two have received the amounts agreed, while the other three have not,” said Peter Cerda

The International Air Transport Association (IATA) has reminded the Venezuelan government that if it fails to settle debts with international airlines, the country would be isolated from the world; hence, the association urged Venezuela to reach agreements, and above all, to fulfill such agreements.

Thursday, July 31st 2014 - 07:29 UTC

US imposes travel restriction on a number of Venezuelan officials

The US spokesperson said the restrictions were in response to “arbitrary detentions and excessive use of force” by Venezuelan officials

The United States is imposing travel restrictions on a number of Venezuelan officials. Washington did not specify how many people would be affected, but said those “who have been responsible for or complicit in human rights abuses” would not be “welcome” in the US.

Tuesday, July 29th 2014 - 06:19 UTC

IATA claims from Venezuela the 4.1 billion dollars owed to airlines

The blocked monies are from ticket sales in Venezuela and are being held by the government in breach of international treaties

The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate in full and at fair exchange rates airline funds being blocked in the country.

Monday, July 28th 2014 - 07:30 UTC

Cash-short Venezuela considering the sale of its US downstream subsidiary

Citgo includes thousands of gasoline stations plus several refineries and storage facilities

Venezuela's state-run oil company Petroleos de Venezuela SA (PDVSA) is considering offers to sell its U.S. downstream subsidiary Citgo, industry research group Argus Media reported on its website last Friday.

Monday, July 28th 2014 - 07:11 UTC

Dutch government releases former Venezuelan general retained on DEA request

Dutch government releases former Venezuelan general retained on DEA request

The Dutch government released a former Venezuelan general who was detained on US drug charges when he arrived in Aruba to serve as his country's consul on the Dutch Caribbean island, sending him home Sunday night and defusing a diplomatic fight with its neighbor.

Saturday, July 26th 2014 - 07:05 UTC

Mercosur to consider forming an 'economic forum' with ALBA and Petrocaribe

President Maduro, and leader of ALBA and Petrocaribe will be hosting the summit in Caracas

Uruguay's president Jose Mujica will be attending the next Mercosur presidential summit scheduled for Tuesday, 29 July in Caracas, when the creation of an economic forum Mercosur/ALBA/PetroCaribe will for consideration as part of the agenda.

Saturday, July 26th 2014 - 06:04 UTC

Venezuelan general retained in Aruba to be extradited to the US

General Carbajal apparently belongs to the “Cartel of the Suns”, high-ranking military officers believed to have grown rich from drug-running

A judge in Aruba ruled Friday that the highest-ranking Venezuelan official ever arrested on a U.S. warrant will remain behind bars pending an extradition request on drug charges. Hugo Carvajal, a former head of Venezuelan military intelligence and close confidant of the late president Hugo Chavez, was arrested upon arriving at Aruba’s airport, officials said Thursday.

Thursday, July 24th 2014 - 23:27 UTC

Hard-line opposition leader Lopez on trial; defense evidence thrown out

The opposition leader was arrested on February 18 after he spoke at a demonstration that turned violent

The trial against Venezuelan hard-line opposition leader Leopoldo Lopez, who is accused of inciting violence at anti-government protests has began in Caracas. Lopez could face up to 13 years in jail if convicted.

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!