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After Ten Rounds, Venezuela and Guatemala Continue for UN Security Council

After ten rounds of voting today, there was still no outright winner between Venezuela and Guatemala in the contest to win the soon to be vacant seat as a non-permanent member of the United Nations Security Council.

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Venezuelan GDP to Reach 150 billion Dollars This Year, Unemployment to Fall

Venezuela’s Minister of Planning and Development, Jorge Giordani, said last Monday that the country’s Gross Domestic Product (GDP) was expected to reach $150 billion by the year’s end, up from $100 billion just a few years ago.

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Venezuela Will Defend Bolivia in the Event of a Coup

Venezuelan President Hugo Chávez claimed yesterday that the United States government is planning a coup d’état against the government of Bolivian President Evo Morales, adding that Venezuela would not stand by and let it happen.

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Chile is OK with Venezuela-Bolivia Military Agreement

Chilean President Michele Bachelet said Tuesday that the recent military cooperation agreement signed between Bolivia and Venezuela was not a threat to Chile’s national security but asked that all agreements are made transparently.

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U.S. Officials Praise Venezuela Heating Oil Program, N. Korea Position

U.S. Energy Secretary Sam Bodman told Reuters yesterday that he had no objections to Venezuela’s discounted heating oil program and wished more companies would follow suit. Similarly, U.S. Ambassador to Venezuela, William Brownfield, said he applauds Venezuela’s position of condemning North Korea’s nuclear weapons test.

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Rights Groups Lobby U.N. Against Guatemala

Fiercely criticising Guatemala's human rights record, civil society groups are pressing the U.N. General Assembly not to endorse that country's bid for a non-permanent seat on the Security Council.

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Venezuela Condemns North Korea's Nuclear Weapons Test

The Venezuelan government today joined the international chorus of condemnation following North Korea's nuclear weapons test. "Venezuela is against the proliferation of nuclear weapons" said the Foreign Minister.

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Venezuela Demands Posada Carriles Extradition on 30th Anniversary of Bombing

Venezuela once again demanded the extradition of the Luis Posada Carriles, last Friday. The request was on the thirtieth anniversary of the bombing of Cubana airline flight 455, which cost the lives of 73 passengers. New documents were further put forth in his case as the US announced that he would not be immediately released.

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Venezuelan Currency Not to be Devalued in 2007

A Venezuelan government offical said last week that he sees no reason to devalue Venezuela’s currency, the Bolívar, in 2007 despite some economists’ recommendations and expectations due to inflationary pressures in the Venezuelan economy.

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Venezuela Rejects Rumsfeld’s “Concerns” Over Arms Purchases

Venezuelan Defense Minister Gen. Raul Isaias Baduel Monday rejected the “concerns” of his U.S. counterpart Donald Rumsfeld regarding Venezuela’s recent military hardware purchases, saying that Venezuela has a purely “peaceful vocation” and does not intend to be a threat to other nations.

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Financial Statement of Venezuela’s State Oil Company Shows Profits Up by 44%

Rafael Ramirez, the President of Venezuela’s state-owned oil company PDVSA, presented today the company’s audited 2005 financial statements, which, according to the audit, show the company to be generating 44% more profits relative to 2004.

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Venezuela Cuts Oil Production by 50,000 barrels

Venezuela announced last Friday that it would be voluntarily cutting 50,000 barrels of its daily crude oil production. Cuts were set to begin on Sunday.

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Agricultural Federation: Venezuela has Tripled Land under Cultivation

According to the president of the National Confederation of Ranchers and Farmers (Confagan), Venezuela has tripled the amount of land that is under agricultural cultivation in the past eight years.

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Chomsky’s 2003 Book Still on Bestseller List Because of Chavez

A week after the book was cited by Venezuelan leader Hugo Chavez in a speech at the United Nations, demand for Noam Chomsky's "Hegemony or Survival" remains strong. News reports that Chavez thought Chomsky had died, were false.

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Venezuela’s Citgo Says it Decided to Discontinue 7/11 Contract Two Months Ago

Felix Rodriguez, the CEO of Citgo, the Venezuelan-owned gasoline producer and distributor in the U.S., clarified yesterday that it was Citgo that had let expire its contract with the 7-Eleven convenience store chain and not the other way around, as was broadly reported.

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