Petroleos de Venezuela SA and Italy’s Eni SpA said they’ll jointly invest 17 billion US dollars to produce and refine heavy crude in the Orinoco Belt.
A top Venezuelan military commander said that the National Bolivarian Armed Force is committed to President Hugo Chavez and his Socialist project, therefore if in the coming elections the opposition wins “it will not be accepted because they would sell the country”.
Venezuelan President Hugo Chavez and Colombian counterpart Juan Manuel Santos agreed Tuesday to strengthen ties through energy projects as they sought to improve relations and leave behind recent bitter disputes.
President Hugo Chávez announced a deal for Russia to build a nuclear power station in Venezuela and establishing a bi-national bank.
Venezuela's President Hugo Chávez dismissed claims from Spain that two members of Basque separatist group ETA were trained in Venezuela as part of an international campaign to besmirch his government.
The leader of the Cuban Revolution, Fidel Castro described last Sunday’s legislative elections in Venezuela as a clear victory for the Bolivarian Revolution and its leader, Hugo Chavez.
Venezuelan President Hugo Chavez suffered a serious setback last Sunday when he lost his two-thirds majority in the National Assembly reflecting increasing disenchantment with the charismatic leader and his administration’s failures and pose a great challenge for his 2012 re-election aspirations.
The Venezuelan opposition has called the electorate to vote “without fear” on next Sunday's elections, where some 17.7 million voters are eligible to cast their ballots to renew the 165 seats in the National Assembly.
Venezuelan president Hugo Chavez called on his followers to see next Sunday’s legislative election as a “battle” that needs to ensure the government’s majority in the National Assembly.
“We’re soldiers in battle…this is the final offensive”, said the Venezuelan leader.
The renowned Peruvian novelist Mario Vargas Llosa fears manipulation of the coming legislative elections in Venezuela, masterminded by President Hugo Chavez, whom together with other Latinamerican leaders he defines as “caudillos”.