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Oil and Gas

Venezuelan Voices, Part II: An Inflammatory Question

A PDVSA [state] truck transporting gasoline in Caracas (AVN)

As Venezuelan president Nicolas Maduro combats corruption, reassigns half of ministry positions, launches “a new stage of the revolution,” and even hints at a minimum wage increase for November, the question remains what economic steps will be taken to reverse the high inflation that critics are quick to associate with his leadership.

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Venezuelan Experts, Union Leaders Debate Increase in Gasoline Prices

The forum included presentations by each of the five speakers – two economists and three transportation sector representatives

In a public forum on Thursday organized by Caracas newspaper Últimas Noticias, experts and union leaders expressed tentative approval for an increase in Venezuela’s gasoline prices.

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Venezuelan President Maduro Proposes to Increase World’s Cheapest Gasoline Price

President Maduro made the proposal at the close of the governing United Socialist Party of Venezuela (PSUV)’s congress last Th

Venezuelan president Nicolas Maduro has proposed to create a consensus around the need to increase the price of gasoline in the South American OPEC nation.

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Venezuela Promises Reform amid Debate over Economic Direction

In a speech last week about the performance of state oil company PDVSA in 2013, Vice President for the Economy Rafael Ramirez (p

The Venezuelan government has confirmed that it is planning a series of macroeconomic reforms to confront ongoing problems, provoking diverse reactions over the country’s economic direction.

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Venezuela’s Economy Vice President Outlines Strategy for Stability

Venezuela’s Vice President for the Economy, Rafael Ramirez, outlined planned changes to the exchange rate system, oil exports

Venezuela’s Vice President for the Economy, Rafael Ramirez, has outlined planned changes to the exchange rate system, oil exports and gasoline subsidies as part of a strategy to achieve macroeconomic stability and overcome current economic problems.

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Major Airlines to Regulate Fares in Venezuela as Transport and Oil Costs Rise

Airline representatives in discussion in Venezuela. (@RMarcoTorres)

Yesterday Venezuelan Air and Maritime Transport Minister, Herbet Garcia Plaza, announced the government had reached an agreement with representatives of leading international airlines to regulate the cost of air travel to and from the country.

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El Salvador Enters Venezuela’s Petrocaribe Oil Alliance

A previous Petrocaribe Ministerial Council Meeting. (AVN)

El Salvador was confirmed this morning as an official member of Petrocaribe, an alliance forged by late Venezuelan leader Hugo Chavez with many Caribbean states to promote economic and social integration by trading oil at preferential prices.

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The Truth about Halliburton in Venezuela

(archive)

Franco Vielma, a Venezuelan radio talk show host and development worker with a public company, responds to the accusation that the Venezuelan government has signed a “pact” with Halliburton and that the U.S. oil company is now “coming” to operate in the country. He explains that Halliburton has operated in Venezuela for many decades, and agreements in recent years have actually reduced the scope of company’s operations in Venezuela’s oil industry.

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Halliburton in Venezuela: Smells like Sulfur

halliburton

Venezuelan writer and analyst Clodovaldo Hernandez discusses the rumored deal struck up between Venezuela’s national petroleum industry, PDVSA, and U.S. based multinational corporation Halliburton.

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Paramedic Injured by Violent Groups, Petrol Services Suspended in One Venezuelan Region after Attacks

Wilbany Leon (centre, red jacket), with transport minister Haiman El Troudi (centre, glasses) (Noticias 24)

A motorbike paramedic “almost died” on Monday as a result of nylon placed at the exit to a tunnel in Caracas, while an attack on a PDVSA oil tanker in Carabobo has seen the company cancel its services in the area.

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