Data published by the Latin American and Caribbean Energy Organization (OLACDE) shows that by 2025, the Latin America and Caribbean region will contribute approximately 11 % of the world's oil supply and nearly 6 % of its natural gas supply.
The report “Panorama 2025: Oil and Natural Gas Production…
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Venezuela
Repsol to increase gas production in Venezuela by 10 %
In a statement released on Thursday, May 14, Repsol CEO Josu Jon Imaz announced that the Spanish company will increase gas production in Venezuela by 10 %, specifically in the coastal Cardón IV block.
According to Imaz, this increase will…
Reactivating electrical infrastructure could help resolve crisis in Venezuela
Venezuela's National Electric System (SEN) is experiencing a new crisis due to increased domestic consumption. Engineer Elías Matta proposes the recovery and reactivation of inactive power plants as a way to resolve the blackouts.
The…
Venezuela’s economic growth expected to exceed 10 % by the end of 2026
The president of the National Council of Commerce and Services (Consecomercio), José Gregorio Rodríguez, indicated that Venezuela's economic growth could exceed 10% by the end of 2026.
Regarding the commercial sector, the president of the…
Monday, May 18th will be a bank holiday
The Superintendency of Banking Sector Institutions of Venezuela (Sudeban) announced that on Monday, May 18th, public and private sector bank branches will be closed due to the Ascension Day bank holiday.
The public is advised to take…
Urgent Care Network: Venemergencia advances in consolidating its efficient care model
Venemergencia, the leading private healthcare services platform in Venezuela, has consolidated its value-based healthcare model with its Urgent Care Network, which already has 7 of its own locations and 13 partner clinics, continuing its…
Venezuelan central bank projects single-digit inflation starting in May
The sustained slowdown in the Consumer Price Index (CPI) in Venezuela supports the recent statement by the president of the Central Bank of Venezuela (BCV), Luis Pérez, regarding single-digit inflation starting in May.
The sustained…
April inflation in Venezuela closed at 10 %
Data from the Central Bank of Venezuela on the Consumer Price Index (CPI) at the end of April places the indicator above 10 %, representing a slight decrease in inflation compared to previous months.
The regulatory body placed the…
Hyundai Venezuela’s double win: The Tucson is the Best SUV of the Year and its brand stand…
"At Hyundai, we believe that every experience is an opportunity to connect, innovate, and continue to move stories forward. Today we proudly celebrate an achievement that reflects precisely that," said brand representatives in Venezuela.…
Venezuelan government announces salary increase
Venezuela's interim president, Delcy Rodríguez, announced a minimum wage increase to $240 for both the public and private sectors.
She also announced an increase in the monthly pension payment, which will now be $70.…
International brands could boost franchise sector growth in Venezuela
The Venezuelan Franchise Chamber (Profranquicias) indicated during the Focus On! 2026 event that the sector could experience 15 % growth in Venezuela thanks to the impetus provided by international brands.
Business leaders who participated…
Investors from the United States, Asia, Europe, and the Middle East present projects to Venezuela
The president of the Caracas Stock Exchange, José Grasso Vecchio, stated in a radio interview last week that investors with concrete projects have arrived in the country from the United States, Europe, Asia, and the Middle East in order to…