Tag: Venezuela

• Thursday, December 21st 2017 - 10:05 UTC

  President Maduro “cries” for Argentina and pledges to work for the people

  

  The president of Venezuela, Nicolás Maduro, condemned the repression carried out by the Argentine security forces of president Mauricio Macri during the debate in Congress of the pensions' reform system, and underlined that the television reports from Buenos Aires called on him to work ever harder for the benefit of the people.

• Wednesday, December 20th 2017 - 18:50 UTC

  Óscar Pérez successfully attacks Maduro's Bolivarian Guard

  

  A video of the military operation and statements from the rogue officer are released through social media as the alleged resistance claims a small victory in what was dubbed “Operation Genesis.”

• Tuesday, December 19th 2017 - 11:38 UTC

  Venezuela awards Russia's Rosneft two major offshore gas fields

  

  Venezuela has awarded licenses to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement.Venezuelan President Nicolas Maduro signed the deal during a visit to Venezuela by Rosneft CEO Igor Sechin, it said.

• Monday, December 18th 2017 - 13:35 UTC

  Russia again becomes main supplier of oil for Cuban refinery

  

  Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media said. Venezuela is grappling with an economic crisis that already forced it to slash cheap oil shipments to Cuba, which has had a knock-on effect on the island’s ailing economy.

• Friday, December 15th 2017 - 07:35 UTC

  Venezuelan opposition receives European Union prize for human rights

  

  Venezuela’s opposition received a European Union prize for human rights and urged the world to keep a close eye on an upcoming presidential election where it aspires to end two decades of socialist rule in the OPEC nation. Foes of President Nicolas Maduro failed to dislodge him during months of street protests this year that turned violent killing more than 125 people, and have been dismayed to see him consolidate his power in recent months.

• Monday, December 11th 2017 - 09:30 UTC

  Opposition parties will be barred from 2018 presidential vote, Maduro anticipates

  

  President Nicolas Maduro announced Sunday that leading opposition parties will be barred from taking part in next year's presidential vote after they boycotted mayoral polls, in a move set to further consolidate his grip on power. That includes the groups of key figures who have led street protests against his rule such as Henrique Capriles, Leopoldo Lopez and others, Maduro told reporters after casting his vote in the municipal polls.

• Friday, December 8th 2017 - 06:18 UTC

  Chinese government oil company suing Venezuela's PDVSA in US courts

  

  China Petroleum & Chemical Corp., the state-controlled oil company, is suing Petroleos de Venezuela SA in U.S. courts for unpaid bills. Sinopec, as the Chinese company is known, also filed a request for arbitration against PDVSA at the International Chamber of Commerce, as it alleges damages of at least $23.7 million, according to court papers.

• Thursday, December 7th 2017 - 08:52 UTC

  Chavista heavyweight purged by Maduro, and blamed for PDVSA corruption

  

  Venezuela's former oil czar resigned as ambassador to the United Nations, on what he said were orders from President Nicolas Maduro, a sign of growing divisions in the ruling socialist party amid a deepening economic crisis.

• Wednesday, December 6th 2017 - 10:15 UTC

  No elections until “vulgar sanctions” against Venezuela are lifted, warns Maduro

  

  Venezuela said future elections in the country would only take place once U.S. sanctions against top ranking officials and its finances are lifted, in a sign from the government that next year’s presidential vote is at risk.

• Monday, November 27th 2017 - 09:27 UTC

  PDVSA says it has started to repay interest on two bonds nearing default

  

  Venezuela's state-owned oil firm PDVSA said Friday it has started to repay US$233 million in interest on two bonds nearing default, days before the end of the 30-day grace period. Writing on Twitter, the company announced “the transfer process was started to pay the interest on the PDVSA 8,5% 2020 Bonds and the PDVSA 6% 2022 Bonds.”