Friday, May 15th 2015 - 04:41 UTC

Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

The discovery is located in the Stabroek Block off a border region that is claimed by Venezuela in a territorial controversy dating back over a century

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.

Monday, May 11th 2015 - 09:05 UTC

Under pressure from Brazil, Venezuela announces legislative elections for end of the year

“Where are they getting this idea that we won't have elections?” CNE president Tibisay Lucena said in an interview with an official television channel.

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.

Wednesday, April 29th 2015 - 09:14 UTC

Oil rich but power short Venezuela cuts working day to save electricity

Vice-President Arreaza said very hot weather caused a surge in energy demand. State employees would now work from 07:30-13:00 to save on air conditioning.

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.

Monday, April 20th 2015 - 23:59 UTC

China makes effective 5bn dollars loan to Venezuela for 'development plans'

 Maduro made the announcement during a public ceremony, and said the funds would go to unspecified 'development plans'

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.

Friday, April 10th 2015 - 07:14 UTC

Cuba and US hold historic meeting at highest level in Panama

Few details have emerged from the meeting between Kerry and Rodriguez. The last comparable event was in 1959, between Fidel Castro and  Richard Nixon.

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.

Friday, March 20th 2015 - 08:23 UTC

Venezuela condemns US 'tyrannical” attempts in New York Times full page ad

“Never before in the history of our nations has a president of the United States attempted to govern Venezuelans by decree,” said Venezuela’s ad

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.

Wednesday, March 18th 2015 - 08:37 UTC

Brazil coordinates efforts to guarantee supply of basic products to Venezuela

Maduro made the request personally to president Rousseff on a couple of opportunities according to Brazilian diplomatic sources

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.

Monday, March 16th 2015 - 10:48 UTC

President Maduro will rule the rest of the year with decree powers

“The US want to stick their hands into Venezuela's wealth, just as they have done in other countries,” ruling party legislator Tania Díaz said, on presenting the “anti-imperialist” bill

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.

Monday, March 16th 2015 - 10:08 UTC

Unasur calls on the US to revoke measures against Venezuela and implement dialogue

The group said the signing of an executive order by President Obama labeling Caracas as an extraordinary threat to national security was actually a threat to Venezuela’s sovereignty.

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.

Friday, March 13th 2015 - 10:51 UTC

New York Times warns Obama's strategy towards Venezuela could be failing

The step could end up backfiring if President Maduro is able to use it to bolster his bogus contention that the United States is trying oust him through a coup.

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.


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