Venezuela

Venezuela resumes relations with WB, IMF

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The new move paves the way for economic assessment, unlocks capital sources and expectations for debt restructuring for Venezuela.

US pours $100 billion to revive the world's largest super mine in Venezuela

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The US administration officially launched a $100 billion plan to restore oil fields in Venezuela, aiming to lower world gasoline prices.

US does not allow Venezuela to pay lawyer fees for Maduro trial

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Venezuelan President Nicolas Maduro appeared in court for the 2nd time in New York, USA on March 26.

US receives $100 million gold depot from Venezuela after 2 decades of interruption

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US Home Secretary Doug Burgum said that recently the US brought back 100 million USD worth of gold from Venezuela.

225km gas pipeline connecting Colombia - Venezuela is about to revive

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Colombia and Venezuela repair cross-border gas pipeline after years of paralysis.

Secret weapons that help Venezuela thrive faster than oil

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Investors are expecting a secret weapon to help Venezuela revive its economy quickly instead of just relying on oil fields.

Venezuela to sell up to 1,000kg of gold to the US market

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Trafigura and Venezuelan mining company signed an agreement to sell up to 1,000kg of gold to the US market.

US and Venezuela agree to re-establish diplomatic relations

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The US and the Venezuelan interim government agreed to restore diplomatic relations, towards stability and a peaceful political transition.

US demands ownership of super ship carrying 1.8 million barrels of Venezuelan oil

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The US Department of Justice has just dealt a decisive blow to the "dark fleet" network by filing a claim to permanent ownership of the supership Skipper and 1.8 million barrels of smuggled oil.

US boosts oil sales in Venezuela, sales are about to reach 2 billion USD

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Oil sales under the agreement between the US and Venezuela are forecast to reach about 2 billion USD by the end of February.

Oil tanker heading to Cuba suddenly stops in the middle of the Atlantic Ocean

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A oil tanker believed to be on its way to Cuba suddenly stopped in the Atlantic Ocean.

US gives green light to sell Venezuelan oil back to Cuba

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The US Treasury Department allows the resale of Venezuelan oil to Cuba if the transaction brings more benefits to the Cuban private sector.

More Venezuelan oil tanker blocked by the US in the Indian Ocean

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US boards 3rd oil tanker related to Venezuela in Indian Ocean, US military announced on February 24.

European giant pours heavily into Venezuelan oil field

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European giants are accelerating their strategy of massive capital injection to fully exploit Venezuela's crude oil reserves.

Colombia falters because the US blocks Venezuelan gas imports

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Colombia is facing a serious energy shortage as its gas import plan from Venezuela is stalled.