Politics Hugo Chavez

  • PANAMA CITY— The June meeting was conducted behind closed doors far from the klieg-light attention normally focused on Venezuela. At that gathering, financial forensic investigators from the U.S. and three conservative Latin American allies— Mexico, Panama and Colombia— traced transactions by companies believed to be controlled by a government-connected...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy. Already a major economic partner, China has agreed to invest $5 billion more in Venezuela, Maduro said...

  • MADRID— A judge in Andorra has charged 28 people, including former officials in Venezuela, with money laundering offenses over a kickbacks-for-contracts scheme that plundered $2 billion from the Venezuelan state oil company between 2007 and 2012.. Among those accused are nine people from Andorra, five from Spain and 14 Venezuelans, including former deputy...

  • 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.

  • BOGOTA, June 17- Colombia's President-elect Ivan Duque, who swept aside leftist Gustavo Petro in Sunday's election, pledged to unite his South American nation after a divisive campaign but insisted he would change a landmark peace accord with leftist rebels. Duque's decisive victory in Sunday's poll, with 54 percent of votes to Petro's 42 percent, is likely to...

  • BOGOTA, June 17- Right-wing candidate Ivan Duque won Colombia's presidential election on Sunday, beating leftist Gustavo Petro in a victory that will reassure investors but raised the prospect of changes to a landmark peace accord with Marxist rebels. It was Colombia's first presidential election since the 2016 peace deal with the Revolutionary Armed...

  • BOGOTA, June 17- Right-wing candidate Ivan Duque won Colombia's presidential election on Sunday, beating leftist Gustavo Petro in a victory that reassured investors but raised the prospect of changes to a landmark peace accord with Marxist rebels. With 98.2 percent of polling stations counted, Duque won the ballot with 53.9 percent of votes while Petro, who...

  • BOGOTA, June 17- Center-right candidate Ivan Duque, who has vowed to alter a fragile peace deal, took a commanding early lead in Colombia's presidential election on Sunday with nearly half of polling stations counted. With 68.7 percent of stations counted, Duque had 55.5 percent of votes, while his leftist rival Gustavo Petro, who has pledged to shake up...

  • Ivan Duque, the business-friendly protégé of hardline former President Alvaro Uribe, held a 20- point lead in opinion polls before Sunday's voting. He wants to change a peace deal he deems too lenient on Marxist FARC rebels, while keeping Colombia's largely orthodox economic model. His opponent, leftist former guerrilla Gustavo Petro, has pledged to take on...