Ecuador's oil production could increase by 2,411 barrels per day between the end of April and the beginning of May of this year, according to the government, after reaching 459,743.34 barrels per day last Sunday.
Of this figure, 363,789.35 barrels came from Petroecuador and 95,953.99 barrels from…
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Conindustria estimates growth exceeding 12 % in Venezuela
The Venezuelan Confederation of Industries (Conindustria) recently indicated that the country's growth this year could exceed 12 % despite certain obstacles that are slowing the economy's momentum.
The organization referred to the…
Bolivia prepares package of laws to attract investment in strategic sectors
The Bolivian government announced on Tuesday, February 3, that it is working on a package of laws aimed at strengthening the national economy and sustainable development by attracting domestic and foreign investment.
The South American…
Imports of fuels and additives exempt from taxes
This week, the Venezuelan government announced its decision to exempt the import of fuels and additives from taxes.
This is stated in Official Gazette No. 43,292, dated January 9, 2026, which published Decree No. 5,207, establishing the…
Nicolás Maduro approved more than USD 7 million for research projects
On Thursday, May 23, the president of Venezuela, Nicolás Maduro, announced that he has allocated $7,657,093 to finance 210 projects in different key areas for the country, most of them led by women.
In a televised event, Maduro declared:…
Venezuela will receive 1,220,000 barrels of crude oil from Iran
Venezuela's dependence on Iranian crude continues to grow. In the coming days, tankers from Iran with a cargo of crude oil of some 1,220,000 barrels, in addition to another 2,000,000 of condensate, are expected to arrive on the Venezuelan…
Venezuela aspires to increase its oil production by 2022
Venezuela plans to increase its oil production goals to 2 million barrels per day, as well as its derivatives, as part of the economic growth plan for 2022, as announced by the Oil Minister and Sector Vice President of Economy, Tareck El…
Goldman Sachs forecasts rise in global oil demand
Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…