News from Venezuela:
December 17, 2014
The foreign policy gimmick known as ALBA, created by the late Hugo Chavez to bolster his international standing relative to the United States, held a summit in Cuba this week. Attendees, including Dominica’s prime minister, seemed to ignore the elephant in the room: A remaking of the world economic order.
December 11, 2014
CARACAS, Venezuela -- With revenue from the world's largest reserves of crude oil plummeting along with the price of global oil, Venezuela is seeking to improve its image and promote its diverse natural attractions to make tourism a major source of revenue, tourism minister Andres Izarra said.
December 10, 2014
MIAMI, Florida -- The Inter American Press Association (IAPA) on Tuesday condemned a court ruling in Venezuela that it said contravened constitutional principles on freedom of expression and transparency, and amounted to “judicial censorship contrary to the people’s right to information about matters of public interest.”
December 8, 2014
CARACAS, Venezuela -- Shipments of cut-rate oil from Venezuela to Caribbean and Central American countries under the PetroCaribe programme were cut by about 20% through October compared with the same period last year, ClipperData, a New York data tracker, has reported.
December 5, 2014
NEW YORK, USA -- According to a blog post by John-Paul Rathbone and Andres Schipani in the Financial Times, socialist Venezuela may sell out its Caribbean friends to capitalist Wall Street by securitizing debts owed under its $3.5 billion a year PetroCaribe subsidised oil program.
December 1, 2014
CARACAS, Venezuela -- Venezuelan President Nicolás Maduro announced plans on Friday to cut public spending as the price of oil continued to fall after the Organisation of Petroleum Exporting Countries (OPEC) decided on Thursday not to cut production in order to boost prices.
November 29, 2014
PARIS, France -- Two newspaper photographers and a TV cameraman have received death threats from members of Venezuela’s Bolivarian National Guard (GNB) in charge of security at David Viloria Penitentiary (also known as Uribana prison) in the western state of Lara on 24 November.
November 28, 2014
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.
November 27, 2014
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...
November 26, 2014
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.
November 25, 2014
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.
November 15, 2014
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...
November 15, 2014
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.
November 10, 2014
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...
November 5, 2014
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...
November 3, 2014
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...
October 28, 2014
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...
October 23, 2014
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...
October 22, 2014
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)...
October 21, 2014
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...
October 20, 2014
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...
October 18, 2014
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.
October 17, 2014
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.
October 17, 2014
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...
October 15, 2014
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.
October 11, 2014
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.
September 29, 2014
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.