Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. Despite these challenges, the Venezuelan government has maintained a steadfast commitment to revitalizing its oil industry while […]

Related: Russia Reaffirms Its Support for Venezuela’s Entry Into BRICS Venezuelan President Nicolas Maduro arrived in Moscow at the invitation of Russian President Vladimir Putin to participate in the celebrations that marks the 80th anniversary of the Red Army’s victory over Nazi Germany in World War II. This visit is not only a landmark of the historical […]

Venezuela’s VP Delcy Rodríguez asserts national sovereignty over oil & gas reserves, rejecting foreign interference. “Energy sovereignty is non-negotiable,” she declares amid US pressure. Related: Venezuela Blames US Sanctions for Chevron’s Return of Oil Shipments to PDVSA In a recent speech, Venezuela’s Executive Vice President Delcy Rodríguez declared that the country’s energy resources—including its vast […]

Venezuela condemns Trump’s 25% tariff on oil/gas trade as illegal sanctions, vows WTO action. Read Maduro’s response & analysis of GATT violations. Related: Trump Threatens 25% Tariffs on Countries Buying Venezuelan Oil The Bolivarian Republic of Venezuela expressed its “categorical rejection” of U.S. President Donald J. Trump’s decision to impose a “secondary tariff of 25% […]

Venezuelan debt holders are optimistic about the restructuring of this debt in the medium term, in the context of an imminent victory for Nicolas Maduro in the presidential elections this Sunday, July 28. RELATED: Bolivarian Economic Agenda Quietly Diversifying and Growing Venezuela’s Economy The United States biggest bank and of the world’s crucial financial enterprises […]

On this May Day it is timely to share an article by OPEC Secretary General, H.E. Haitham Al Ghais, released last Monday on the role of the oil and gas industry in global employment. RELATED: Oil Security Is Vital for All “A job is never just a number on a spreadsheet. Behind every job is […]