Politics Hugo Chavez

  • CARACAS, Feb 19- Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country's beleaguered oil industry, which will be led by Vice President for the Economy Tareck El Aissami. The announcement came a day after the United States sanctioned Rosneft Trading, a unit of Russian state oil company...

  • BEJUMA, Venezuela, Jan 29- Venezuelan citrus farmer Carlos Romero for years struggled to find the fertilizers and pesticides he needed to keep his fruit trees healthy amid chronic product shortages, or was unable to afford them because of hyperinflation. Venezuela's potato production in 2019 dropped by nearly 30 percent from the previous year, according to...

  • CARACAS, Jan 28- Venezuela's opposition-run congress said on Tuesday it had set aside $20 million held in accounts in the United States to pay for litigation abroad as part of efforts to protect the country's offshore assets from lawsuits by creditors. The funds are to be drawn from accounts previously held by the government of President Nicolas Maduro but...

  • CARACAS, Jan 28- Venezuela's oil exports have steadily risen in recent months, throwing a lifeline to President Nicolas Maduro, as Washington has failed to make good on threats to deal a death blow to its oil industry since sanctioning state oil company PDVSA a year ago. Following the Jan. 28, 2019 ban on U.S. firms importing Venezuelan crude, the United States has...

  • CARACAS, Jan 27- Rum distiller Ron Santa Teresa has launched Venezuela's first public share offering in 11 years, citing rare optimism that the socialist-ruled nation may see an economic transition similar to China and the Soviet Union. One of Venezuela's best-known brands, Santa Teresa, which exports via an alliance with Bermuda- based Bacardi Ltd., sold an...

  • WASHINGTON, Jan 22- At a lavish August gathering at a private estate in Spain, a wealthy Venezuelan businessman under criminal investigation in the United States introduced Rudy Giuliani, President Donald Trumps personal lawyer, to the father of Venezuelas opposition leader, Juan Guaido. Betancourt told Giuliani he secretly helped bankroll Guaidos efforts...

  • The steepest fall has occurred since military officials with no oil industry experience took over PDVSA's management in late 2017 and Washington imposed sanctions on the state firm in early 2019 in a bid to oust socialist President Nicolas Maduro. However, it would be controversial after late president Hugo Chavez, an iconic figure to many Venezuelans, made...

  • Dec 4- Citgo Petroleum Corp's directors are unlikely to bow to pressure this week to resume dividend payments, two sources close to the discussions said, as the refiner cannot yet help Venezuela's interim government ease creditors' claims against its parent PDVSA that also are threatening its assets. But the company broke away from its parent earlier this year...

  • WASHINGTON, Sept 24- The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's...

  • WASHINGTON, Sept 24- The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's...

  • WASHINGTON, Sept 24- The U.S. Treasury Department said on Tuesday it was imposing sanctions on four maritime companies for transporting Venezuelan oil to Cuba in violation of a previous round of sanctions. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's state-run oil import and export company Cubametales and...

  • CARACAS, June 17- Jamaica's government said on Monday it already owns the 49% stake in a refinery on the island formerly held by Venezuelan state oil company PDVSA, after the South American country's opposition requested it not expropriate the shares. Jamaica's Senate in February passed legislation clearing the way for the government to acquire the 49% stake...

  • Venezuela's President Nicolas Maduro, right, walks with Chinese President Xi Jinping as they arrive to a welcoming ceremony at the Great Hall of the People on January 7, 2015 in Beijing, China.

    China and Russia are doubling down on their support for Venezuela's embattled president, and some say that has a lot to do with the billions of dollars Caracas still owes to Beijing and Moscow.

  • Young people marching against fraud in some formats of vote counting in the last presidential elections of Colombia on May 31, 2018.

    A leftist and a conservative candidate are heading to a run-off election to become Colombia's next president.

  • Feb 12, 2018: Venezuelans honor those killed during recent protests.

    The millions of Venezuelans fleeing their crisis-torn nation may soon overshadow the number of Syrian refugees, according to an economist.

  • Venezuela's President Nicolas Maduro talks to the media during a news conference at Miraflores Palace in Caracas, Venezuela October 17, 2017.

    Venezuela's socialist government gifted chocolates to creditors at debt talks on Monday, but little else in terms of firm proposals to renegotiate $60 billion in bonds.

  • President Donald Trump speaks at a rally on June 21, 2017, in Cedar Rapids, Iowa.

    Unlike "no drama" Obama, Trump can use madness to his own advantage, says National Review's Victor Davis Hanson.

  • Jean-Luc Melenchon of the French far left Parti de Gauche and candidate for the 2017 French presidential election, attends a political rally in Dijon, France, April 18, 2017.

    Far-leftist Jean-Luc Melenchon's polling numbers have skyrocketed, giving other candidates a run for their money.

  • A National Guard officer discharges pepper spray on demonstrators during a second day of protests as the Supreme Court reverses its decision to seize the powers of the opposition-led Congress in Caracas, Venezuela, on Saturday, April 1, 2017.

    Nicolas Maduro may have gone too far, and now even allies are turning against him.

  • A demonstrator holds a chain and wears a sign over her mouth during a protest against the Supreme Court's decision to seize the powers of the opposition-led Congress and while the banner reads 'Venezuela lives in a dictatorship' in Caracas, Venezuela, on Friday, March 31, 2017.

    Venezuelan authorities urged the country's Supreme Court to review its move to annul the opposition-led congress, which critics have called a "coup."