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Venezuela Signs More Oil Deals with China

Venezuela’s plans to reduce its dependency on the US market for its oil exports took a step forward yesterday as President Hugo Chávez signed several agreements with the Chinese government in Beijing.

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Cultural Assembly Organizes Caracas Artists

A city-wide assembly on culture was held this past weekend in Caracas, in an attempt to begin to organize musicians, poets, dancers, and actors from some of the poorest communities into cooperatives, in order to form a network of grassroots artists.

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Venezuela Re-Considering New Counter-Narcotics Agreement with U.S.

Venezuela expressed doubts about signing a new anti-drug smuggling cooperation agreement with the US on Monday, in light of the decision by the US to create a new intelligence division specifically to manage activities in Venezuela and Cuba.

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Venezuela Inaugurates Largest Cardiological Children’s Hospital in Latin America

The Latin American Cardiological Children’s Hospital was inaugurated in Caracas this Sunday. Chavez says the hospital is the largest of its kind in the world, where they will have a capacity to carry out 4,500 operations annually, and hope to save 1,000 lives per year.

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CIA Announces New Mission in Venezuela and Cuba

John Negroponte, Director of National Intelligence for the United States, announced on Friday, August 18, 2006, the creation of a new special CIA mission to oversee intelligence activities in Venezuela and Cuba.

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Chávez and Rosales Present Campaign Teams for Venezuela’s Presidential Election

Manuel Rosales and President Hugo Chávez each swore in their campaign teams in separate events on Thursday for the upcoming December 3 presidential elections.

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Venezuela’s Economy Continues Booming as Growth Hits 9.2%

Venezuela’s Gross Domestic Product (GDP) increased by 9.2% last quarter, while inflation and unemployment have both dropped three points over the last year, according to the National Institute of Statistics (INE).

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Bolivarian University Celebrates First Graduation

The first class of the Bolivarian University of Venezuela graduated this Wednesday, in which 1,078 students received the title of Superior Technicians in Environmental Management, Social Communication, and Social Development.

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Venezuelan Officials Arrest 14 National Guardsmen over Prison Escape

Following investigations into the prison escape of former union leader Carlos Ortega, along with three military officers, from Ramo Verde military prison, at least 14 arrests were made, announced Interior Minister Jesse Chacon.

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Venezuela Sells Citgo’s Stake in Lyondell Refinery

Venezuela announced that it is selling Citgo’s shares in the Texas-based Lyondell refinery. Venezuela, which owns 41% in the plant, is selling out to its partner Lyondell Chemical Co., for a total of just over $1.3 Billion.

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Leader of 2002 Oil Industry Shutdown Flees Venezuela Prison

Carlos Ortega, the leader of the 2002-2003 oil industry shutdown, which caused over $7 billion economic damage, and who was convicted to 16 years in prison, fled yesterday along with three imprisoned military officers.

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Chavez Launches his Candidacy for Venezuela's Presidency 2007-2013

Venezuela's President Hugo Chavez officially registered as a candidate on Saturday, just before addressing a large crowd outside the electoral council's offices, in order to launch his re-election campaign.

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Venezuela Begins Process of Certifying Orinoco Reserves

Venezuela began the process of “quantifying and certifying” its Orinoco belt oil reserves on Thursday, which could recognize Venezuela as the country with the largest petroleum reserves in the world by 2008.

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Chavez Highlights Two of Venezuela’s Social Programs

The latest advances of the Venezuelan social programs, known as “missions,” were on show this week as Misión Madres del Barrio was expanded to include 40,000 new participants, while the education mission, Misión Robinson II, celebrated 327,000 new graduates.

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Bidding Starts for Venezuela’s Natural Gas Licenses

Venezuelan Energy Minister, Rafael Ramirez, Tuesday invited private companies to bid for licences to explore and produce off-shore natural gas as part of Project Delta-Caribe. Ramirez also announced that Venezuela is discovering 45% more gas than expected in some of its fields.

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