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ALBA Country Representatives Meet in Venezuela to Deepen Integration

The first meeting of the Bolivarian Alternative for the Americas (ALBA) Technical Committees took place this week in Caracas to discuss the various integrated projects between the ALBA nations.

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Chavez Clashes with Venezuelan Church Leaders over Constitutional Reform

In an ongoing media row Venezuelan President Hugo Chavez hit back on Monday at criticisms by Catholic Church leaders in Venezuela, who have questioned the proposed constitutional reform process, saying that the Catholic Church is interfering in Venezuelan politics, "They act as if they were a political party," he said.

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Venezuela Rejects "Intervention" of US-Proposed OAS Delegation

Secretary General of the Organization of American States, José Miguel Insulza, confirmed on Thursday that an OAS delegation will not visit Venezuela to investigate the case of private television channel RCTV.

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Venezuela's RCTV Reappears on Cable and Satellite

Private television channel RCTV will be back on Venezuelan TV screens as of next Monday, via cable and satellite, disproving claims that it was shutdown by the government. Meanwhile, private station Venevision announced it would maintain a "balanced" position in Venezuelan politics.

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Venezuela, Iran to Team Up on $4 Billion Oil Project

Venezuela and Iran, oil-exporting countries that have sought to assert independence from the U.S., plan to spend a combined $4 billion on a joint project in Venezuela's heavy-crude-producing Faja del Orinoco.

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Venezuelan Government Surpasses Tax Collection Goals

Venezuela's tax collection agency SENIAT announced yesterday that the government reached 63.7% of its tax collection goal for 2007 in the first half of the year.

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Venezuelan-Iranian Car Company Releases First Models

As a product of economic agreements between Venezuela and Iran, the joint car company Venirauto released its first 300 units at an event in Caracas yesterday.

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Venezuela Takes Full Control over Oil Production

Venezuela’s state oil company PDVSA announced that it took full control over all of the country’s oil production on Sunday, including two fields operated by ConocoPhillips and ExxonMobil that resisted the nationalization process.

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Venezuela to Continue With Anti-Inflationary Measures

The Venezuelan government will continue its anti-inflationary measures in the second half of 2007, according to statements by Finance Minister Rodrigo Cabezas Sunday.

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Venezuela's Foreign Minister Accuses Departing U.S. Ambassador of Destabilization

Venezuela's Foreign Minister Nicolas Maduro, speaking at Venezuela's Independence Day celebrations yesterday, accused the outgoing U.S. ambassador of carrying out a "destabilizing" mission in Venezuela.

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President Chavez Announces "Petrochemical Revolution"

Venezuelan President Hugo Chavez announced the launch of a "Petrochemical Revolution" for Venezuela yesterday, emphasizing that it is vital for the diversification of the economy and for national development.

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Venezuela Sets Deadline for Mercosur Entry

In reaction to the delays in the admission of Venezuela to Mercosur, Venezuela’s President Hugo Chavez said that if his country is not admitted in the next three months, he would withdraw Venezuela’s effort to become a full member.

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Venezuela and Iran Increase Economic Integration

Venezuelan President Hugo Chavez met his Iranian counterpart, President Mahmud Ahmadinejad, in the Islamic Republic of Iran this weekend, where he signed at least 17 agreements and formalized the construction a new joint petrochemical complex on the Iranian coast.

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Venezuela Strengthens Ties to Russia and Belarus with Chavez Visit

Venezuelan President Hugo Chavez arrived in Moscow Thursday and in Minsk, the capital of Belarus, Friday as part of his three-nation tour of Russia, Belarus, and Iran that began on Wednesday.

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Four Oil Companies Sign Agreements with Venezuela, Two Pull Out

Exxon Mobil and ConocoPhillips have decided the profits are not worth the risk of staying in Venezuela and are writing off multibillion-dollar investments in the South American country. But other major oil companies - Chevron, BP, Total, and Statoil - have accepted the increasingly tough terms posed by President Hugo Chavez's government.

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