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Venezuela rejects accusation of hindering development of Guyana

March 6, 2015
Venezuela rejects accusation of hindering development of Guyana CARACAS, Venezuela -- The government of Venezuela said on Tuesday it considers unacceptable and unjust, a statement issued last weekend by the ministry of foreign affairs in Guyana, which claimed that Venezuela is hindering the development of Guyana and it’s people and that would be...

Letter: Who was responsible for the recognition of Aves (Bird) Rock Island as an island and not as a rock?

March 6, 2015
Letter: Who was responsible for the recognition of Aves (Bird) Rock Island as an island and not as a rock? I am researching and writing about how on the recognition of Aves [Bird] Rock Island as an island and not as a rock may well have cost CARICOM and OECS member states billions of US dollars. I believe there was no need to make such recognition and in doing so cede thousands of...

Letter: Venezuela has been well and truly fracked by the USA

March 5, 2015
Letter: Venezuela has been well and truly fracked by the USA Oil prices are down worldwide due to the Americans’ discovery and application of a process called fracking, and an oil pipeline from Canada. Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside. Water, sand and...

Guyana oil exploration revives Venezuela border dispute

March 3, 2015
Guyana oil exploration revives Venezuela border dispute GEORGETOWN, Guyana -- The recent announcement that Exxon/Mobil’s Deepwater Champion oil exploration rig has departed from Louisiana to the Stabroek Block offshore Guyana, where it is expected to commence drilling in mid-March, has prompted an objection from Venezuela.

Dutch Antilles hardly affected by Venezuela situation, says Dutch minister

March 3, 2015
Dutch Antilles hardly affected by Venezuela situation, says Dutch minister WILLEMSTAD, Curacao -- The southern Caribbean parts of the Netherlands are hardly affected by the political situation in the neighbouring South American country of Venezuela, according to the Dutch Minister Bert Koenders in a letter to the Committee on Foreign Affairs of the Dutch Parliament.

Letter: Scientific Socialism

March 2, 2015
Letter: Scientific Socialism I read with great interest the excellent letter in Caribbean News Now from Nigel X. Huggins entitled “The path to modern day scientific socialism in the Caribbean”. It is perfectly true that most of us are unaware of being led into a better life, myself included. Now Nigel has made us aware.

Letter: The path to modern day scientific socialism in the Caribbean

February 28, 2015
Letter: The path to modern day scientific socialism in the Caribbean Most Caribbeans are unaware that their governments are gradually leading them into a better life, a life of equality and better times. It’s only a socialist government that can take you there; it’s only a socialist government that can carry the flag on your behalf. Remarkable leaders like Ralph E. Gonsalves...

Trinidad and Tobago, Venezuela advance energy cooperation

February 26, 2015
Trinidad and Tobago, Venezuela advance energy cooperation PORT OF SPAIN, Trinidad -- The governments of Trinidad and Tobago and Venezuela have expressed their commitment to the advancement of the process of unitization of hydrocarbon reservoirs between the two countries. The unitization process seeks to develop important natural gas reserves.

Venezuelans protest Maduro's visit to Trinidad and Tobago

February 25, 2015
Venezuelans protest Maduro's visit to Trinidad and Tobago PORT OF SPAIN Trinidad -- Venezuelans residing in Trinidad protested in Port of Spain on Tuesday, calling for the resignation of Venezuelan President Nicolas Maduro who arrived in Trinidad on Tuesday morning on a working visit. Spokesperson, prominent psychic Yesenia Gonsalves...

Venezuela asks Curacao and Aruba not to let Tucano aircraft land

February 25, 2015
Venezuela asks Curacao and Aruba not to let Tucano aircraft land WILLEMSTAD, Curacao -- Venezuela has asked Aruba and Curacao to refuse aircraft such as the Embraer Tucano on the islands. The president of Venezuela, Nicolas Maduro said this in a speech on national television. The reason for this is that Venezuela thinks that this type of aircraft is...

Commentary: Guyana remains firmly with PetroCaribe

February 25, 2015
Commentary: Guyana remains firmly with PetroCaribe Ever since the inception of PetroCaribe in 2005, Guyana has remained firmly committed to the agreement. This staunch assertion flies in the face of urgings from some analysts in the Caribbean region who opine that Venezuela would be unable to sustain the program of providing concessionary oil...

Antigua-Barbuda and Venezuela agree on terms for West Indies Oil Company acquisition

February 24, 2015
Antigua-Barbuda and Venezuela agree on terms for West Indies Oil Company acquisition ST JOHN’S, Antigua -- Antigua and Barbuda Prime Minister Gaston Browne and Venezuela’s Foreign Minister Delcy Rodriguez on Saturday successfully hammered out an agreement covering the acquisition of the West Indies Oil Company (WIOC). Rodriguez and her team of...

Dominica PM condemns coup plot against Venezuelan government

February 23, 2015
Dominica PM condemns coup plot against Venezuelan government ROSEAU, Dominica -- Prime minister of Dominica, Roosevelt Skerrit, has condemned a reported coup plot against the president of Venezuela, Nicholas Maduro. Maduro announced last Thursday that his government had foiled an attempted coup, which resulted in the detention of civilians and military.

Letter: Venezuela puts its war planes in airspace over sovereign Caribbean islands

February 23, 2015
Letter: Venezuela puts its war planes in airspace over sovereign Caribbean islands In a speech on national television, Venezuela’s President Maduro reports that the air defence areas of the country have been expanded beyond the Windward Islands all the way up to St Maarten. President Nicolas Maduro, said that his country has the right to defend itself in the skies above the Dutch Antilles.

OAS secretary general expresses alarm over detention of Caracas mayor

February 21, 2015
OAS secretary general expresses alarm over detention of Caracas mayor WASHINGTON, USA -- The secretary general of the Organization of American States (OAS), José Miguel Insulza, said on Friday that “the detention of the mayor of Caracas, Antonio Ledezma, has caused alarm due to the way in which it took place and because it deals with an elected leader...

Curacao MP demands clarification of Venezuela's extension of air defence area

February 21, 2015
Curacao MP demands clarification of Venezuela's extension of air defence area WILLEMSTAD, Curacao -- Alex Rosaria, the leader of PAIS, one of the governing coalition parties in Curacao, has demanded clarification of the statement made by Venezuelan President Nicolás Maduro. The president recently said in a nationally televised speech that the country has the right to defend...

Venezuela extends air defence zone beyond Dutch Antilles

February 20, 2015
Venezuela extends air defence zone beyond Dutch Antilles CARACAS, Venezuela -- President of Venezuela, Nicolas Maduro, said that his country has the right to defend itself in the skies above the Dutch Antilles, local media reported on Thursday morning. In a speech on national television, the president reports that the air defence areas of the country...

Letter: HSBC in Switzerland - naming names

February 18, 2015
Letter: HSBC in Switzerland - naming names Maintaining a Swiss bank account isn’t illegal and doesn’t necessarily indicate that the account holder is doing anything wrong. Still, the immense quantities of money being held offshore by individuals and government entities from the Caribbean and South America, which all struggle with...

Bank leak reveals billions from Caribbean stashed in Switzerland

February 12, 2015
Bank leak reveals billions from Caribbean stashed in Switzerland WASHINGTON, USA -- The International Consortium of Investigative Journalists released a report this week revealing billions of dollars held in nearly 60,000 internal Swiss bank documents from 2006 to 2007 leaked by whistleblower Hervé Falciani, a former employee of HSBC in Switzerland.

Venezuela plans to relax currency controls, devaluation expected

February 12, 2015
Venezuela plans to relax currency controls, devaluation expected CARACAS, Venezuela -- Venezuelan officials on Tuesday announced details of a planned new foreign exchange system that could mean a significant devaluation of the bolivar. The government said that it would continue to operate with a three-tier exchange rate system, and that the primary rate...

Letter: COHA article on Venezuela

February 12, 2015
Letter: COHA article on Venezuela I could scarcely believe my eyes when I saw the heading of yesterday’s article by Frederick B. Mills of COHA, "Latin America unites to support Venezuelan democracy". To talk of Venezuelan Democracy is to talk nonsense, because there is about as much democracy in Venezuela today as in Cuba.

Commentary: Latin America unites to support Venezuelan democracy

February 11, 2015
Commentary: Latin America unites to support Venezuelan democracy A special commission of the two largest associations of Latin American nations, CELAC (which includes all of the Latin America and the Caribbean) and UNASUR (which represents South American countries) met today in Montevideo, Uruguay, to analyze the relationship between the United States...

Venezuela government seizes private supermarket chain

February 9, 2015
Venezuela government seizes private supermarket chain CARACAS, Venezuela -- Venezuelan president, Nicolas Maduro, has ordered the takeover of a private supermarket chain by the state food agency.  Speaking on national television, he accused Dia a Dia of hoarding food during severe shortages in the country, the BBC reported.

Dominican Republic redeems $4 billion PetroCaribe debt

February 5, 2015
Dominican Republic redeems $4 billion PetroCaribe debt NEW YORK, USA -- The Dominican Republic has redeemed $4 billion in outstanding debt accumulated with Venezuela's state-owned company (PDVSA) under the PetroCaribe agreement from 2005-2014. The Dominican Republic government used $1.9 billion of the proceeds of...

Meeting of Curacao parliamentary committee called to consider situation in Venezuela

January 30, 2015
Meeting of Curacao parliamentary committee called to consider situation in Venezuela WILLEMSTAD – Member of Parliament for one of the governing coalition parties in Curacao, Alex Rosaria, has submitted a request for a meeting of the standing committee on Kingdom Relations, Inter-Parliamentary relations and External Relations of parliament. Rosaria is vice chairman of this committee.

PetroCaribe will continue, says Venezuela president

January 15, 2015
PetroCaribe will continue, says Venezuela president CARACAS, Venezuela -- Venezuelan President Nicolas Maduro said on Wednesday that the PetroCaribe agreement will continue its path toward the consolidation and transformation of a great economic zone between the regional countries that are involved. “There are 20 states that...

Venezuela's credit rating downgraded; outlook stable

January 14, 2015
Venezuela's credit rating downgraded; outlook stable NEW YORK, USA -- Moody's Investors Service on Tuesday downgraded Venezuela's government bond ratings to Caa3 from Caa1 and changed the outlook to stable from negative.  According to Moody's, the key drivers of Monday’s rating actions are the following: 1) Default risk has increased substantially.

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