The Venezuelan state oil company PDVSA signed a memorandum of understanding with Spain's Repsol on Tuesday, June 16, in the oil and gas sectors as part of the national strategy to recover productive capacity and attract investment.
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Venezuela
Venezuelan crude production grew 3.8 % in May
The Organization of the Petroleum Exporting Countries (OPEC) indicated in a report last week that Venezuelan crude production grew 3.8% in May, reaching 1.17 million barrels per day.
"So far this year, the country's oil production, which…
Conferry announces reactivation of Puerto La Cruz-Margarita route
The Venezuelan state-owned shipping company, Conferry, announced last week that it will reactivate the Puerto La Cruz-Margarita route on June 26 with the Paraguaná I vessel.
Through its information channels, the Ministry of Transportation…
National Government holds meeting to resume mining activity in Las Claritas and KM88
Minister of Mines Héctor Silva, President of the Central Bank of Venezuela (BCV) Luis Pérez, and Vice President of the Venezuelan Mining Corporation (CVM) Jesús Mieres, held a meeting with miners from Las Claritas and KM88 to resume mining…
Central Bank of Venezuela reports May inflation of 6.3 %
The Central Bank of Venezuela reported inflation for May in Venezuela of 6.3 %, the lowest in 19 months, indicating a slowdown in the rate.
According to the regulatory body's report, "the largest increase in prices was recorded in the…
Caracas to host international energy investment summit in October
Caracas will host Venezuela Energy Week 2026 from October 26 to 29. The event will bring together representatives of local and international companies, including US firms, in the Venezuelan capital to analyze investments in the national…
IMF appoints new head of mission to Venezuela
The new delegate for the restoration of relations between Venezuela and the International Monetary Fund is Álvaro Piris Chávarri.
“Piris has experience in managing financial crises and has led technical advisory visits to Africa, Asia, and…
Venezuelan oil production surpasses one million barrels per day
Venezuelan Minister of Hydrocarbons, Paula Henao, stated that crude oil production has reached 1,200,000 barrels per day, describing it as an operational achievement for the national energy industry.
The official made the statement during…
Coffee production in Venezuela reaches 4 million quintals
The coffee sector is currently thriving and maintaining positive growth, as highlighted recently by Acting President Delcy Rodríguez, who indicated that production reached 4 million quintals in the 2025-2026 period.
Of this production, 1.8…
ESET Security Day Venezuela: Experts reveal that one-third of companies lack basic protection
The radical transformation of digital crime has forced corporations to abandon static security schemes. In response to this situation, the fifteenth edition of ESET Security Day, one of the most significant annual technology events held in…
Self-checkout transactions in supermarkets reach 70 %
The National Association of Supermarkets and Self-Service Stores (ANSA) published a study showing that the self-checkout system is becoming firmly established in Venezuelan retail, currently reaching 70 %.
According to Ítalo Atencio,…
Cavenez reiterates need for access to financing
The president of the Venezuelan Automotive Chamber (Cavenez), Félix Cáceres, believes that financing for the sector is crucial to maintaining the operation of the service chain, including insurance, spare parts, and workshops. Therefore, he…