Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.
Venezuela will hold parliamentary elections in the last quarter of this year and the exact date will be announced soon, the head of the National Electoral Council (CNE) said on Sunday. The elected lawmakers will be inaugurated for five years on 2016.
Venezuela says it will cut the working day for public sector workers to five-and-a-half hours to conserve energy, down from eight to nine hours. The initiative is part of a nationwide electricity rationing plan.
China has awarded Venezuela 5 billion dollars for unspecified “development plans,” President Nicolas Maduro said on Sunday, approximately three months after an official visit to China. According to published reports, the loan is part of a 10 billion deal to be completed in the following months.
US Secretary of State John Kerry and Cuban Foreign Minister Bruno Rodriguez have held talks, in the highest level meeting between the two countries in more than half a century. The two were involved in closed-door discussions after arriving in Panama for a summit.
Venezuela has placed a full page ad in The New York Times decrying what it charges are “tyrannical” attempts by the US government to undermine its socialist system. The ad declaring that “Venezuela is not a threat” comes amid mounting tensions between the two countries after President Nicolás Maduro this month accused Washington of plotting to oust him and ordered the US Embassy in Caracas to slash staffing levels.
Following a request from Venezuela, the Brazilian government has acted alongside Brazilian companies to guarantee supply of basic products during Venezuela's economic crisis, according to diplomatic sources. The request was made by President Nicolas Maduro in at least two meetings with President Dilma Rousseff, in December 2014 and the day after Rousseff began her second term, on January 2.
Venezuela's parliament has granted President Nicolas Maduro decree powers for the rest of 2015 in a move he says is to defend the country from US meddling but opponents decry as evidence of autocracy. In a noisy National Assembly session, ruling Socialist Party legislators, who have a majority, applauded the Enabling Law as a legitimate response to a US declaration that Venezuela is a security threat and sanctions on seven officials.
The Union of South American Nations (UNASUR) slammed the United States for its decision to label Venezuela as a security threat and impose sanctions against a number of its officials, calling on Washington to revoke the measure.
In an editorial piece, “A failing relationship with Venezuela”, The New York Times expressed doubts about the latest measures imposed by the Obama administration on seven top officials from the Venezuelan government and goes even further questioning whether they will not end actually reinforcing President Nicolas Maduro position.