Tag: Venezuela

Saturday, October 31st 2015 - 06:51 UTC
Venezuela seeking an additional 12 Sukhoi fighter jets from Russia

Venezuela will allocate $480 million to upgrade its Sukhoi fighter jets from Russia. “President Nicolas Maduro just authorized the payment of $480 million so that the service life of our Sukhoi planes and continue to fulfill their duty and give protection to the Venezuelan airspace,” Venezuelan Defense Minister Vladimir Padrino Lopez was quoted, by Moscow's Sputnik news agency on Thursday.
Friday, October 30th 2015 - 07:35 UTC
Venezuela central bank gold holdings drop 19% in four months

Venezuela central bank gold holdings declined in value by 19% between January and May, according to its financial statements, likely reflecting gold swap operations and lower bullion prices. The country has been struggling with stagflation due to low oil prices and a collapsing state-led economic model, holds a considerable portion of its monetary reserves in gold.
Wednesday, October 28th 2015 - 07:54 UTC
Venezuela warns Canada over mining activities in Guyana: 'infringing on territorial sovereignty'

Venezuela has objected to a Canadian mining company operating in Guyana, telling the company it is infringing on Caracas’ sovereignty. And the move has not gone down well with Guyana’s president David Granger.
Thursday, October 22nd 2015 - 06:51 UTC
Venezuela's proposal to cut oil production and up prices receives little echo

Russia and Mexico – non-OPEC countries, which have been invited to participate Venezuela-proposed meeting this week – have no intention to cut oil production, International Oil Daily reported.
Wednesday, October 21st 2015 - 06:35 UTC
Venezuela presents 2016 budget based on a US$40 per barrel estimate

Venezuela's proposed 2016 government budget is based on an estimate of $40 per barrel for the OPEC nation's oil exports, Finance Minister Rodolfo Marco said in a presentation to congress on Tuesday.
Monday, October 19th 2015 - 09:53 UTC
Guyana beefs up reserves to protect country from Venezuela and Suriname

Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.
Friday, October 2nd 2015 - 05:20 UTC
Caricom fully supports Guyana's 'territorial integrity' and insists the Caribbean is Zone of Peace

Caribbean Community and Common Market (CARICOM) Foreign Ministers have welcomed Venezuela’s decision to receive a United Nations (UN) technical team which will provide recommendations to the UN Secretary-General on the way forward to a full and final solution to its territorial dispute with Guyana. And they say they fully support Guyana’s “territorial integrity”.
Tuesday, September 29th 2015 - 10:32 UTC
“Even in jail I will fight for a free Venezuela”

By Leopoldo López - Prisión de Ramo Verde, Venezuela. On Feb. 12, 2014, the repressive and inept elite that governs Venezuela ordered my arrest on charges of conspiracy, arson, inciting violence, damage to public property and other crimes.
Monday, September 28th 2015 - 10:15 UTC
Guyana and Venezuela agree to restore ambassador and hold talks

Following a tense meeting, the presidents of Venezuela and Guyana agreed Sunday to restore ambassadors and hold talks to resolve a long-running border dispute that flared up recently following the discovery of oil in disputed waters.
Friday, September 25th 2015 - 07:09 UTC
Guyana believes Venezuela's military display is a 'show of force', but in case send forcers to the border

The Guyana Defence Force (GDF) says it’s ready to defend the country against any act of aggression at the country’s border with neighbour Venezuela. The declaration was made by the GDF’s Chief-of-Staff Brigadier Mark Phillips, as Minister of State Joseph Harmon also assured that President David Granger was “on top of the situation”, which he described as 'a show of force' and 'not a threat of force'.