Politics Hugo Chavez

  • CARACAS, Dec 3- Turkish President Tayyip Erdogan on Monday criticized sanctions on Venezuela during a visit to Caracas, while President Nicolas Maduro defended the country's right to export gold after U.S. sanctions last month targeted its shipments of the metal. Ties between Turkey and the United States, two NATO allies, have also been strained.

  • CARACAS/ MEXICO CITY, Nov 26- Venezuela's oil ministry last month turned down a proposal by BP to buy Total's stake in a promising but inactive natural gas project along the maritime border with Trinidad and Tobago, five people briefed on the matter said. It could have used the output from the neighboring area, the Deltana Platform's fourth block off Venezuela's...

  • CARACAS, Nov 5- Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Maduro's government is seeking to bring 14 tonnes of gold held in the Bank of England back to Venezuela, according...

  • Economy and Planning Minister Alejandro Gil Fernandez reportedly told a council of ministers meeting that the lowered GDP growth forecast for this year was due to "less than expected revenues from activities such as tourism, the harvest and mining," three key revenue sources for Cuba. Some economists have estimated that Cuba's import dependence is as much as...

  • Trump signed an executive order to ban anyone in the United States from dealing with entities and people involved with "corrupt or deceptive" gold sales from Venezuela, Trump's national security adviser John Bolton said in a speech in Miami. Bolton made the announcement as part of a pledge to crack down on what he called "the troika of tyranny" in the western...

  • Bolton promised a tough stance by the Trump administration toward "dictators and despots near our shores" and singled out Venezuela, Cuba and Nicaragua in a speech in Miami, which is home to large numbers of migrants from Cuba and Venezuela. "Many of you in the audience today have personally suffered unspeakable horrors at the hands of the regimes in Cuba,...

  • MEXICO CITY/ CARACAS, Oct 11- Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris- based Maurel& Prom, three sources said this week, a move to scale down its crude business in the ailing OPEC- member country to focus on gas. The Anglo-Dutch company is seeking to sell its 40 percent stake in Petroregional del Lago, a joint...

  • CARACAS, Sept 10- Venezuela has agreed to hand over at least seven oil fields to little-known companies that will be paid to boost output through contracts similar to ones rolled back under late socialist leader Hugo Chavez, according to two sources and an internal document. The effort signals that President Nicolas Maduro, who is struggling under a...

  • Aug 23- A U.S. judge has granted a Canadian company the right to go after prized U.S. assets belonging to Venezuela, in a bid to get paid on an $1.4 billion award tied to the 2008 nationalization of its gold mining operations by the now cash-strapped South American country. District Judge Leonard Stark in Delaware on Thursday granted a so-called writ of attachment...

  • District Judge Leonard Stark in Delaware on Thursday granted a so-called writ of attachment to Crystallex International Corp in shares of Citgo Holding, which owns a U.S.-based oil refiner controlled by state-owned Petroleos de Venezuela SA. The judge had ruled on Aug. 9 that Citgo Holding assets were subject to attachment. On Wednesday, lawyers for Rosneft...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The case relates to the nationalization of Conoco assets dating back over a decade in...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The case relates to the nationalization of Conoco assets dating back over a decade in...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2- billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key Caribbean facilities. Venezuela's crude production, a major source of revenue, has fallen to a six-decade low this year as...

  • Aug 20- U.S. producer ConocoPhillips on Monday said Venezuela's PDVSA agreed to pay $2 billion to settle an arbitration award, suspending a dispute that blocked the state-run oil firm from exporting crude from most of its key Caribbean facilities. Venezuela's crude production, a major source of revenue, has fallen to a six-decade low this year as lack of cash for...

  • July 18- Citgo Petroleum Corp, the U.S. subsidiary of Venezuelan state-run oil company PDVSA, said on Wednesday that the United States had revoked the visa of its president and chief executive Asdrubal Chavez, cousin of Venezuela's late president Hugo Chavez, but it did not say why. Late on Wednesday U.S. State Department spokesman Noel Clay said the United States...

  • July 18- Citgo Petroleum Corp, the U.S. subsidiary of Venezuelan state-run oil company PDVSA, said on Wednesday that the U.S. visa of its President and Chief Executive Asdrubal Chavez has been revoked. But Citgo executives have been targeted for individual sanctions by the United States in an effort to isolate the country's leadership under President Nicolas...

  • A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over alleged asset transfers in the Caribbean that Conoco claims were designed to frustrate its efforts to obtain payment under an International Chamber of Commerce award. Conoco alleges state-run PDVSA transferred...

  • A U.S. district court judge in Houston on Thursday ruled Conoco can depose Citgo as preparation for a court case against PDVSA and others over alleged asset transfers in the Caribbean that Conoco claims were designed to frustrate its efforts to obtain payment under an International Chamber of Commerce award. Conoco alleges state-run PDVSA transferred...

  • Lopez Obrador, who won a landslide victory in Sunday's election and takes office in December, traveled in a white Volkswagen sedan on Tuesday to the meeting with centrist President Enrique Pena Nieto in the presidential palace in the capital's colonial downtown district. Lopez Obrador and Pena Nieto were due to discuss the 2019 budget, trade and energy policy.

  • 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.