The government of Venezuela contemplates a 27% increase in oil revenues that will finance the 2024 budget, according to a document seen by Reuters, amid a stagnation of the crude oil productiona review of US sanctions and in an election year. The president’s administration Nicolas Maduro estimates that next year’s spending will be equivalent to […]
Tag: Nicolas Maduro
South America urges Venezuela and Guyana to avoid “unilateral actions”
The South American countries urged this Thursday Venezuela and Guyana to avoid “unilateral actions”, in the midst of the growing tension between both countries over the dominance of the Essequibo region, which Caracas intends to annex. This was stated in a declaration released at the end of the semi-annual Mercosur summit (Argentina, Bolivia, Brazil, Uruguay […]
What is the border dispute between Venezuela and Guyana?
The tension between Venezuela and Guyana has surged in recent weeks over a long-running territorial dispute and was fueled after Caracas said it won massive support in a referendum to create a new state and the president Nicolas Maduro announced the exploration and production of oil in the area. What is at stake is a […]
Venezuela seeks to reinforce its territorial claim with Guyana in a referendum
Venezuela celebrates this Sunday a consultative referendum with which the government seeks to strengthen a century-old claim over Essequibo, an oil-rich territory under the control of Guyanawho asked his neighbor to act with “maturity and responsibility.” Some 20.7 million Venezuelans, out of a population of almost 30, are called to vote. The non-binding consultation is […]
US to Venezuela: if Maduro does not comply, sanctions return
The Biden administration is prepared to revoke all licenses recently granted to Venezuela Yeah Nicolas Maduro does not present a path to a fairer election by the end of November. US Undersecretary of State for Western Hemisphere Affairs Brian Nichols said “everything is on the table”, including the revocation of recently issued licenses that allow […]
Almost all of Venezuela’s private industry supports sanctions relief
98% of private industrialists Venezuela agree with the relaxation of sanctions announced by USA in October, after the signing of an electoral agreement between the chavismo and the opposition, for “Negative effects” who – they assure – have these measures in companies, said this Thursday the Confederation of Industrialists (Conindustria). “This is positive news”expressed the […]
Venezuelan opposition leader calls the decision to suspend primaries a “big mistake”
The winner of the Venezuelan opposition primaries, Maria Corina Machadodescribed this Thursday as “big mistake” the decision of the Supreme Court to suspend that process for all purposes. In a telematic intervention in English organized by the Inter-American Dialogue think tank in Washington, he maintained that this “big mistake” is the result of “despair”, of […]
Creating trust, Venezuela’s challenge after the temporary suspension of sanctions
Whether or not the temporary suspension of US sanctions will have an impact on the Venezuelan economy will depend on the president Nicolas Madurowho must create confidence in those who have interests in doing or resuming business in their country, with signals that correspond to the conditions established by Washington to maintain relief, experts warn. […]
Machado will be an opposition candidate for the presidency of Venezuela; ruling party alleges fraud
The former Venezuelan legislator Maria Corina Machado was proclaimed on Thursday by the National Primary Commission (CNP) as the winner of the internal opposition election to face the official candidate, almost certainly the president, in the second half of 2024. Nicolas Maduro. The 56-year-old industrial engineer won the race with 93% of the votes, according […]
Venezuela: Machado sweeps anti-Chavista primaries; government calls elections a “farce”
The government of Venezuela labeled “farce” and on Tuesday discredited the seriousness of the vote in the opposition primary elections, in which the political leader María Corina Machado swept to become Nicolás Maduro’s rival in the 2024 presidential elections. Maduro’s comments from a day earlier, alleging that the call had been a “fraud”, they escalated […]