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Oil and Gas

Natural Resources as the Dynamic Axis of UNASUR strategy

oil field in Venezuela's Orinoco region

Alí Rodriguez Araque, general secretary of the Union of South American Nations (UNASUR) details the core values of the UNASUR trade bloc, noting the paradox between the extensive reserves of valuable natural resources and the 130 million living in poverty throughout represented nations. Last week UNSAUR sent a delegation to discuss recent conflict and possible resolution in petroleum-rich Venezuela- this statement provides a basis of understanding for UNSAUR's position on Venezuela and their rejection of possible U.S. sanctions.

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Venezuelan Vice President Calls for National Debate on Gasoline Prices

“For those who want homeland, come with me. But on foot, because we have to save gasoline” (Agencies).

The world's lowest petrol prices could be raised for the first time in 16 years, after the Venezuelan government called for a national debate on the country's gasoline subsidies.

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Venezuelan Report: Refinery Disaster Caused by Intentional Manipulation of Gas Pump Bolts

Petroleum and mining minister Rafael Ramirez presenting the report of the investigation into the Amuay tragedy (AVN)

Following government allegations a fortnight ago that last year’s Amuay refinery disaster was caused by sabotage, authorities have now released a full report with details of the year-long investigation.

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Venezuela to Appeal World Bank Ruling on ConocoPhillips Compensation Claim

Venezuela has the largest proven oil reserves in the world, according to the government. The Orinoco belt alone could contain as

 Venezuela's oil and mining minister and head of the country's state oil company, Rafael Ramirez, has stated the government will appeal a World Bank ruling against the 2007 expropriation of oil assets of ConocoPhillips.

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Extraction-ism, Movements, and Revolution

Some days ago a meeting was held in Caracas to debate the relationships between movements and states, and how autonomy and popular power can build alternatives to development that is dependent on the extraction [of oil and minerals] model. 

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Venezuela: War for oil fuels economic crisis

Workers' Mercal, a program for subsidised food that will benefit 23,000 workers in 32 public institutions, was launched thr

With Venezuela’s inflation rate for May soaring to 6.1%, first quarter growth stagnating at 0.7%, and shortages afflicting a number of basic goods, speculation has been rife regarding the country’s economic future.

 

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Eighth PetroCaribe Summit Focuses on Economic Integration between Venezuela and Caribbean

In order to "strengthen, streamline and consolidate" the organization, the development will focus in particular on tra

At the eighth summit of the Latin-American organization PetroCaribe held yesterday in Managua, Nicaragua, representatives from 21 countries agreed to further the creation of a special economic zone to foster the region’s development.

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Why Did the US Government and Big Oil Hate Chavez?

Greg Palast: Chavez made big oil pay serious royalties which he used for social programs, he enjoyed majority support in many elections, but American media vilifies Chavez as a dictator

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Venezuela: Can the Revolution be Liberated from the Oil Economy?

The international media totally misreads the Venezuelan people on President Hugo Chavèz (currently battling serious illness) argues Professor Miguel Angel Nuñez, an adviser to Chavèz on agro-ecology, in an interview with Green Left TV. The interviewers were Jim McIlroy and Coral Wynter, authors of Voices from Venezuela. Filmed and edited by Peter Boyle.

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Eighth Annual Citgo-Venezuela Heating Oil Program Launched

The program was launched at the Night of Peace Family Shelter in Baltimore (CITGO)

It is estimated that this year the program will help more than 100,000 families in 25 states plus the District of Columbia, including members of more than 240 Native American communities and more than 200 homeless shelters.

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