The government of Venezuela maintains “on going” his plan to grant licenses for oil exploitation in the disputed area with Guyanain which companies authorized by Georgetown, which administers the territory in dispute, already operate, the Minister of Foreign Affairs, Yván Gil, reported this Monday. The state oil company “PDVSA and the Venezuelan Corporation of Guayana […]
Tag: Venezuela
FTA with the European Union at risk after the release of Alberto Fujimori
In 2022, 10 years will have passed since Peru and the European Union (EU) signed a Free Trade Agreement (FTA), that generated shipments to this block for more than US$58,397 million (see infographic). This fruitful relationship could be weakened—or even annulled—since our country decided to release Alberto Fujimori, disregarding the ruling of the Inter-American Court […]
Main development banks in Latin America join together to finance integration
The main banks promoting the development of Latin America announced this Thursday within the framework of the summit of the Mercosur an agreement to jointly finance the works necessary to guarantee the physical integration of the countries of South America. A total of US$10 billion was made available by financial entities to promote the initiative. […]
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 […]
Credit restrictions and high inflation push Venezuelans to buy in installments
Some businesses in Venezuela are turning to traditional layaway systems to allow customers to purchase products ranging from shoes, appliances and even motorcycles, amid high inflation and restrictions on bank credit, which impact consumption. Although the Government of President Nicolás Maduro relaxed controls in 2019 to allow de facto dollarization that slightly recovered the economy, […]
Chile: Boric announces expulsion of irregular immigrants in the face of more crime
Chili will expel irregular immigrants who have not contributed their data to a voluntary biometric registration plan, the president announced on Thursday Gabriel Boricby toughening its discourse against irregular migration. “Those who are irregular in Chile, we are going to throw them out”said Boric, in a ceremony in which he presented a plan to strengthen […]
The Venezuelan automobile fleet, in reverse gear
Traveling to the past is possible in Venezuelawhere the vehicle fleet accumulates an average of 22 years old, according to the sector, which attributes this aging to the fall in purchasing power and the lack of bank financing for the acquisition of new ones. vehicleswhich also makes it difficult to do periodic maintenance and buy […]
It is not Venezuela: which is the country that produces the most oil in Latin America?
Despite the climate crisis, the international market continues to require large quantities of crude oil, although the idea is that this trend will decrease as renewable energies take their place. According to the International Energy Agency (IEA), world oil production will increase by 5.8 million barrels per day by 2028. Although at first the countries […]