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News from Venezuela:




Venezuela

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Commentary: Venezuela in financial difficulty, will PetroCaribe survive?

November 28, 2014
Commentary: Venezuela in financial difficulty, will PetroCaribe survive? The government of Venezuela is undoubtedly disappointed with the outcome of the 166th meeting of the Organisation of Petroleum Exporting Countries (OPEC) held in Vienna, Austria, on 27 November 2014.  Despite intense lobbying by Venezuela, the OPEC decided not to cut oil production.

Venezuela wants oil price back up to $100 a barrel

November 27, 2014
Venezuela wants oil price back up to $100 a barrel VIENNA, Austria -- Venezuela wants oil prices to return to $100 a barrel, the country’s foreign minister said on Tuesday, ahead of a meeting of the Organization of the Petroleum Exporting Countries (OPEC). Speaking to reporters, Rafael Ramirez, who will represent Venezuela at the gathering on Thursday...

Four CARICOM countries cut back reliance on PetroCaribe

November 26, 2014
Four CARICOM countries cut back reliance on PetroCaribe MIAMI, USA -- At least four Caribbean Community (CARICOM) member countries are taking steps to reduce their reliance on Venezuela’s PetroCaribe oil subsidy as crude prices plunge, according to the International Monetary Fund (IMF).  The four countries are Guyana, Haiti, Belize and Jamaica.

IMF wants to know what PetroCaribe money was used for in St Vincent

November 25, 2014
IMF wants to know what PetroCaribe money was used for in St Vincent WASHINGTON, USA -- The International Monetary Fund (IMF) says it is monitoring the potential impact of Venezuela's current economic stress on PetroCaribe, the country’s oil alliance with several Caribbean islands, and it also wants to know what PetroCaribe money was used for in St Vincent.

No devaluation says Venezuela; investors vote with their feet

November 15, 2014
No devaluation says Venezuela; investors vote with their feet CARACAS, Venezuela -- The Venezuelan government confirmed this week that it will not devalue its currency or take any other measures to stop the country from sinking deeper into chaos. In the meantime, investors are abandoning Venezuela at a stunning rate. Over the past year, the country with the world’s...

First Latin American Muslim religious leaders summit opens in Turkey

November 15, 2014
First Latin American Muslim religious leaders summit opens in Turkey ISTANBUL, Turkey -- Under the theme “Building Our Traditions and Our Future,” the Office of the President of Religious Affairs of Turkey (Diyanet) is hosting the First Latin American Muslim religious leaders summit in Istanbul, which began on Wednesday and ends on Saturday.

Letter: Is PetroCaribe about to fold and destroy the Caribbean as we know it?

November 10, 2014
Letter: Is PetroCaribe about to fold and destroy the Caribbean as we know it? In St Vincent and the Grenadines the initial tale the citizenship were led to believe was PetroCaribe would supply us with cheap petrol, diesel and cooking gas. I ask was that quite simply a downright straight up and down lie? I personally think it was a lie designed to make ignorant people believe that...

IMF calls for review of St Kitts-Nevis PetroCaribe agreement

November 5, 2014
IMF calls for review of St Kitts-Nevis PetroCaribe agreement BASSETERRE, St Kitts (WINN) -- St Kitts and Nevis should review its PetroCaribe arrangement with Venezuela as it is not receiving the full benefits of the program, according to the International Monetary Fund (IMF). “I think in principle it was a very good idea because then...

Venezuela's economic problems likely to get worse

November 3, 2014
Venezuela's economic problems likely to get worse CARACAS, Venezuela -- With Goldman Sachs forecasting that US oil prices will drop by 10 percent next year from current levels, Venezuela's already dire economic straits seem likely to get worse before they get better. According to Paul Shortell, a Latin America analyst from the Inter-American Dialogue...

Letter: Council on Hemispheric Affairs (COHA)

October 28, 2014
Letter: Council on Hemispheric Affairs (COHA) In response to the total rubbish by Larry Birns et al at COHA, a Marxist organisation in Washington DC, please read this comment from a Venezuelan: "What rubbish! Obviously the writers are not suffering from the shortages of such basics as soap... every kind of soap. When my two bars of blue soap...

Commentary: A seat on the UN Security Council for Venezuela; a setback for Washington

October 23, 2014
Commentary: A seat on the UN Security Council for Venezuela; a setback for Washington With 181 out of 193 of the United Nations representatives voting yes on Thursday, October 16, the Venezuelan government has gained not only a seat on the UN Security Council, but an affirmation of a leadership role in the Americas. As a result, there are now two strong features of Venezuelan...

ALBA summit on Ebola was a success, say leaders

October 22, 2014
ALBA summit on Ebola was a success, say leaders HAVANA, Cuba -- Presidents Evo Morales of Bolivia and Nicolas Maduro of Venezuela agreed on the success of a recent summit of the countries within the regional bloc known as Bolivarian Alliance for the Peoples of the Americas-Commercial Treaty of the Peoples (ALBA-TCP)...

Venezuela called on to release opposition leader, politicians

October 21, 2014
Venezuela called on to release opposition leader, politicians GENEVA, Switzerland -- Expressing serious concern at the detention of Venezuelan opposition leader Leopoldo López, as well as more than 69 other people who were arrested in February during mass public protests that took place across the country, the United Nations human rights chief...

Venezuela buys two Russian crude cargoes for Curacao refinery

October 20, 2014
Venezuela buys two Russian crude cargoes for Curacao refinery WILLEMSTAD, Curacao -- Venezuela’s state oil company PDVSA has bought two cargoes of Russian Urals light crude from a unit of Petrochina to be delivered starting in early November to the Isla refinery in Curacao, according to credible sources. The 1-million-barrel cargoes will be the second...

Facing debt default, Venezuela blames the US

October 18, 2014
Facing debt default, Venezuela blames the US CARACAS, Venezuela -- Venezuelan President Nicolas Maduro on Thursday blamed the United States for the recent slump in global oil prices that threatens to choke off the hard currency the country needs to pay its overseas debts and may precipitate a default on its foreign-currency bonds.

Venezuela elected to UN Security Council

October 17, 2014
Venezuela elected to UN Security Council NEW YORK, USA -- In three rounds of voting the United Nations General Assembly on Thursday elected Angola, Malaysia, New Zealand, Spain and Venezuela to serve as non-permanent members on the Security Council for two-year terms beginning on 1 January 2015.

Commentary: Oil prices fall sharply: Will poor populations benefit?

October 17, 2014
Commentary: Oil prices fall sharply: Will poor populations benefit? To anyone living in a developing country that is not an oil-producer, the present drop in the price of oil is very welcome. Ever since the world’s major oil-producing nations, through the Organization of the Petroleum Exporting Countries (OPEC), dramatically increased prices in 1973, the economies...

Venezuela's PDVSA to import crude from Russia for test run through Curacao refinery

October 15, 2014
Venezuela's PDVSA to import crude from Russia for test run through Curacao refinery WILLEMSTAD, Curacao -- Venezuelan state-owned oil company PDVSA plans to import from Russia between 750,000 and 1 million barrels of Urals grade crude to be processed in the 335,000 b/d Isla refinery in Curacao, a PDVSA source, who asked not to be identified, said on Monday to platts.com.

Little known Venezuelan airline to begin Suriname flights

October 11, 2014
Little known Venezuelan airline to begin Suriname flights PARAGUANA, Venezuela -- As part of tourism agreements between Venezuela and Suriname, an obscure small airline from Venezuela, Aero Paraguana, will commence service to Suriname from November 27 according to the manager of the airline, Venancio Polanco.

No Che Guevara and Chavez perfumes, says Cuba

September 29, 2014
No Che Guevara and Chavez perfumes, says Cuba HAVANA, Cuba (ACN) -- Cuba said it will punish officials with the Biological Laboratories Entrepreneurial Group Labiofam after they launched two fragrances in apparent homage to Cuban-Argentinean guerrilla fighter Ernesto Che Guevara and former Venezuelan president Hugo Chavez.

Haitian PM and Venezuelan president meet briefly on bilateral cooperation

September 24, 2014
Haitian PM and Venezuelan president meet briefly on bilateral cooperation NEW-YORK, USA (HCNN) -- Haitian Prime Minister Laurent Lamothe, and Venezuelan President Nicolas Maduro met on Tuesday in New York where the two men spoke briefly about the cooperation and the strong and genuine friendship that Haiti and Venezuela and leaders on both sides have...

Cuba and Venezuela sign two new cooperation agreements

September 23, 2014
Cuba and Venezuela sign two new cooperation agreements CARACAS, Venezuela (AIN) -- Two new cooperation agreements between Cuba and Venezuela to exchange supplies between the Labiofam SA and Agropatria SA enterprises were signed on Thursday in Caracas. This new program of exchanges was signed in the presence of Rogelio Polanco...

Venezuela's long-term ratings lowered on worsening economy; outlook negative

September 18, 2014
Venezuela's long-term ratings lowered on worsening economy; outlook negative NEW YORK, USA -- On Tuesday, Standard & Poor's Ratings Services (S&P) lowered its long-term foreign and local currency sovereign credit ratings on Venezuela to 'CCC+' from 'B-'. The outlook on both long-term ratings is negative. S&P also lowered its short-term foreign and local currency...

Suriname secures rice export deal with Venezuela

September 15, 2014
Suriname secures rice export deal with Venezuela PARAMARIBO, Suriname -- Suriname and Venezuela are one step closer to signing a long-term rice export deal that ultimately could result in a boost for Suriname’s struggling rice industry, the ministry of foreign affairs in Paramaribo confirmed. The breakthrough came on Thursday in Caracas.

Venezuela state oil company willing to extend presence in Curacao

September 15, 2014
Venezuela state oil company willing to extend presence in Curacao WILLEMSTAD, Curacao -- The government of Venezuela and the state oil company Petroleos de Venezuela SA (PdVSA) are willing to extend the contract for the operations of the Isla oil refinery in Curacao. This emerged during a meeting between representatives of the Isla unions Apri and PWFC and...

US concerned over lack of due process in Venezuela

September 12, 2014
US concerned over lack of due process in Venezuela WASHINGTON, USA -- The US State Department said on Thursday it is deeply concerned by the lack of due process or fair trial guarantees for persons detained in relation to protests in Venezuela. Opposition leader Leopoldo Lopez, mayors Enzo Scarano and Daniel Ceballos...

Venezuela export ban creates shortages in Curacao

September 5, 2014
Venezuela export ban creates shortages in Curacao WILLEMSTAD, Curacao -- There is a growing shortage of items at the floating market at Punda in Curacao following Venezuela’s recently introduced ban on 21 products that may not be exported. Venezuelan vendors sell their goods directly from their boats at Punda’s famous market.

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