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States

Bolivarian Republic of Venezuela

5077 articles

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Pdvsa will make 35% of the total investments in the Latin American hydrocarbon sector.

by Alia2

Caracas (Venezuela) | 1 July 2004

Between 2004 and 2009, Pdvsa and its associates expect to invest 37 billion dollars, one third of the total 110 billion required by the oil and gas sector in the region, said PDVSA director Nelson Martínez. He also pointed out that at the current rate of production, Venezuela has oil reserves (...)

Debt, country risk, manipulation

by Aram Aharonian

Caracas (Venezuela) | 1 July 2004

Last week, a renowned banker, inquired about my opinion about his proposal of paying cash-and with a predictable 60% discount- the total amount of the foreign debt: “we could pay it and still have money left for development plans” he said. And, calculator at hand, he explained to me how this (...)

Venezuela

Agreement between Ministry of Energy and transnational companies on gas and oil

by Rodrigo Morazán

Caracas (Venezuela) | 29 June 2004

The big national companies and the big firms that, in an independent move from the Venezuelan-American Chamber (VenAmCham), founded the Venezuelan Association of Hydrocarbons a year ago, have announced their purpose of making great investments in the oil and gas sectors.
And although its (...)

On the State of Democracy in Venezuela

by Alia2

Caracas (Venezuela) | 25 June 2004

Testimony of Mark Weisbrot, Co-Director, Center for Economic and Policy Research ( www.cepr.net )On the State of Democracy in Venezuela Before the U.S. Senate Committee on Foreign Relations
Subcommitee on Western Hemisphere, Peace Corps, and Narcotics Affairs
June 24, 2004

Softline: Health of the Financial System

Total amount in credits and loans rises 70.5% in May

by Ana Teresa Peña

Caracas (Venezuela) | 25 June 2004

In May, Total Deposits added up to 32 trillion 288 billion Bs., which represents a 1 trillion 2 billion increase (3.2%) in May. In the last 12 months, it increased by 11 trillion 790 billion Bs(57.52%)
The report on the Venezuelan Financial System at the end of May, elaborated by Softline (...)

Tomato Processing Plant Reopened

by Alia2

Caracas (Venezuela) | 25 June 2004

Located in the Alberto Arvelo Torrealba municipality in Sabaneta ,Barinas state, this plant is to process the yield of 120 hectares planted with tomatoes. Having been shut down for more than 8 years, it was reopened thanks to an initiative by the government, and 31,127 associates of the (...)

Internet Purchases With Credit Cards Reactivated

by Alia2

Caracas (Venezuela) | 25 June 2004

A disposition by the Currency Administration Commission (CADIVI) gave permanent green light, as of June 20th, to Internet purchases with credit cards in Venezuela, which had been suspended since January of 2003.
The resolution, published in the Official Gazette No 37,960 on June 15th, (...)

Pdvsa will compete agaisnt the traders for the caribbean market

by Rodrigo Morazán

Caracas (Venezuela) | 23 June 2004

Venezuela seeks to establish, with other nations in that region, fuel trading and supply companies, with the purpose of reducing energy costs.

The “Revolution” has reached Fogade: Dividents will go to the missions

by Maitane Larrañaga

Caracas (Venezuela) | 23 June 2004

President Hugo Chavez “beautiful revolution” has reached with full energy the state run “fund for the warranty of deposits” (FOGADE). The new Director of the institute, Jesús Caldera Infante, declared before the Finance Commission of the National Assembly that the state institution in charge (...)

Human Rights Watch Director, a “Permanent Provocateur”

by Gregory Wilpert

Caracas (Venezuela) | 21 June 2004

In response to a new report by Human Rights Watch, Vice-President José Vicente Rangel said that the organization’s Americas Director, José Miguel Vivanco, is a “permanent provocateur.” Vivanco is visiting Venezuela, where he presented a report on Venezuela’s new Supreme Court law, which Human (...)

From Media War to Armed Struggle in Venezuela?

by Aram Aharonian

Caracas (Venezuela) | 18 June 2004

“The Andean region, from Colombia to Venezuela, is a very probable objective of a U.S. invasion, whose project needs new invasions.”
Noam Chomsky
Beyond the latest pronouncements of Roger Noriega or Colin Powell and the “repair” just completed process, all indications are that the most (...)

The Venezuelan Model of Development: The Path of Solidarity

by Felipe Pérez Martí

Caracas (Venezuela) | 7 June 2004

If one were to define the model of development using a standard terminology, one would say that what we have is «development from below», or «trickle up» economics, as opposed to «trickle down» economics. Given that the vast majority of people in Venezuela are impoverished, attention to the (...)

Venezuela’s Chavez and Supporters Get Ready for Recall Referendum with Mass Rally

by Martin Sanchez

Caracas (Venezuela) | 7 June 2004

Supporters of Venezuelan President Hugo Chavez took the streets of Caracas on Sunday, as the country begins to prepare for a recall referendum on the mandate of the controversial South American leader.
The Chavistas marched from tree sections of the country’s capital to converge at the (...)

PDVSA’s 2004-2009 Business Plan contemplates a $ 26 billion investment in oil & gas exploration and production

by Alia2

Caracas (Venezuela) | 31 May 2004

Petróleos de Venezuela is to invest $ 37 billion in the business. Of that amount, approximately $26 billion is being allocated to exploration and production operations, as contemplated in Petróleos de Venezuela’s 2004-2009 Business Plan, according to Félix Rodríguez, vice-president of the (...)

Developments During His Administration

The Bolivarianism of Hugo Chávez

October 2002

After two attempts of coup d’état (February and November 1992) and two years in prison, the Lieutenant Colonel Hugo Chavez was democratically elected president of Venezuela on December 6, 1998. A left-wing populist, Chavez had the support of an extra-parliamentarian coalition with a program to (...)

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