U.S. Energy Secretary Chris Wright indicated this Tuesday that annual sales of Venezuelan crude oil will exceed $10 billion.
These revenues would be key to the country's reconstruction, the U.S. official emphasized, adding: “So far we have sold about $1 billion worth of oil. We recently signed…
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Venezuela
Venezuela’s interim government announced new cabinet changes
Venezuela's interim president, Delcy Rodríguez, formalized this week cabinet changes that were approved last month and so far in February. In this regard, Juan Francisco Escalona Camargo has been appointed as Director General of the…
Venezuela and the United States strengthen a long-term productive partnership
Last week, key meetings took place between U.S. Energy Secretary Chris Wright and Venezuelan Interim President Delcy Rodríguez, as well as PDVSA President Héctor Obregón Pérez and Venezuela's diplomatic representative to the U.S. Félix…
Venezuelan banking system is a key platform for cryptocurrencies
Although cryptocurrency adoption in Venezuela has declined in the last year, it continues to grow thanks to the opening of the national banking system to the purchase and sale of these assets, consolidating its position as the key channel…
US authorizes supply of technology and software for oil production in Venezuela
The US Treasury Department announced on Tuesday, February 10, the issuance of the new General License 44A, which authorizes “the supply, export, and re-export of technology, software, equipment, and services necessary for the exploration,…
Russia to continue supporting Venezuela
Despite current tensions following US actions in Venezuela, Russia's representative to the United Nations, Vasily Nebenzia, indicated on Thursday, February 5, that they will continue to strengthen relations with the South American country.…
Shell estimates multi-billion dollar investment in Venezuelan natural gas
The energy company Shell is evaluating a multi-billion dollar investment in Venezuela's offshore natural gas sector, according to the company's CEO, Wael Sawan.
This is an opportunity that could materialize in the coming months, according…
Banks will be closed on Monday, February 16th and Tuesday, February 17th for the Carnival holiday
Bank branches will be closed nationwide on Monday, February 16th and Tuesday, February 17th due to the Carnival holiday in Venezuela, as reflected in the calendar of the Superintendency of Banking Sector Institutions (Sudeban).
As is…
Venezuela’s mass consumption market grew 8.4 % in units during 2025
The sustained increase in the price of goods and services has led Venezuelans to allocate their savings to consumption. This was indicated last week by Alexander Cabrera, partner and commercial director of Atenas Grupo Consultor.
The…
Caracas Stock Exchange anticipates stabilization of the economic system
The president of the Caracas Stock Exchange, José Grasso Vecchio, indicated during an interview last week that there are positive expectations regarding the stabilization of the Venezuelan economic system.
The executive stated that the…
Bancamiga boosts Yaracuy’s agricultural and industrial potential with its new branch
To contribute to boosting the growth of Yaracuy State, Bancamiga inaugurated its San Felipe branch on February 10th, the first in the state and the institution's 51st overall.
With the attendance of prominent representatives from the…
Peace and reconciliation in Venezuela are the main objective of the amnesty law.
The amnesty law, approved last week in Venezuela by the National Assembly, will serve to strengthen peace and reconciliation in the country, according to interim president Delcy Rodríguez.
The official stated: "Reconciliation must be a…