Venezuelas

Venezuela’s Delcy Rodríguez pitches newly opened oil sector to investors at Miami summit

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CARACAS, Venezuela — Venezuela’s acting President Delcy Rodríguez preached of lucrative long-term opportunities in her resource-rich country at a Saudi-backed investment summit on Wednesday, offering a window into how Venezuela’s government is trying to lure investors to its oil sector. Addressing the Miami summit from Venezuela, Rodríguez presented a reformed industry — one that has … Read more

Venezuela’s new gold rush moves at “Trump speed,” but ignores a $25 million question

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On the day that marks 13 years since the death of Venezuelan socialist strongman Hugo Chávez and two months after the Jan. 3 U.S. operation that captured Nicolás Maduro, the scene in Caracas looks strikingly different from the anti-U.S.-imperialism rhetoric that founded Chavismo and was echoed by his successor. On the ground, a new era … Read more

US moves to legally control tanker and 2M barrels of oil seized off Venezuela’s coast in December

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WASHINGTON — The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump’s administration to assert power over the country’s oil sector after capturing leader Nicolás Maduro. It’s the first … Read more