Alfredo Carquez Saavedra
Periodista venezolano experto en temas petroleros.
Profits of the Venezuelan financial system still on the rise
A banking system bursting with moneyby
Alfredo Carquez Saavedra

While resources from the public increased 48.4% between October of 2003 and last October, credit allocations soared 106% during the same period. The analysts regard this phenomenon as a result of a greater economic activity in the country, a fact that is also reflected in the decrease of the maturity rate to 2.57%, the lowest since 1997.
In the 21st century, Russia and Venezuela discover each other
Studying alternatives for the defense of crude oil and gasby
Alfredo Carquez Saavedra

Carlos Mendoza Potellá, ambassador of Chávez’ government to the Kremlin, says that at present, trade between both countries is at the most 27 million U$. Nevertheless, he assured that there is a great number of possibilities of profitable business for both nations.
A lifetime concession
Caño Limón: from an oil field to a border military baseby
Alfredo Carquez Saavedra

Oscar Cañas Fajardo, advisor of the U.S.O, a Colombian oil labor union, warns about the presence of “marines" and war equipment, just a few kilometers from the Venezuelan border. He accuses Occidental de Colombia Inc., a transnational company, of promoting a labor conflict at all costs, with the intention of reducing the number of unionized workers on the payroll
Interview with Bernardo Alvarez, Venezuelan in the U.S.
Venezuela plays a stabilizing role in the hemisphereby
Alfredo Carquez Saavedra

The Venezuelan ambassador to the U.S., Bernardo Alvarez warns that Latin America will continue undergoing political and social instability if the living standards of the population are not improved, and asserts that many U.S. parliament members “have criticized the politicization of relations between both countries, just because they( the Bush administration) don’t like the government”.
Nóbrega intends to save 4 billion in 2005
Farewell to deficit : the year closes with a surplusby
Alfredo Carquez Saavedra

There are already enough resources available to cover 80% of the expense estimated in the National Budget Project for 2005. Almost 70 trillion bolívares are expected to be spent during the next period, an amount equivalent to 30% of the Gross Domestic Product, which represents a 20% growth over the 57 trillion bolívares spent in 2004.
Venezuela
Social investment: a decisive factor in the gas and crude oil bidding processes by
Alfredo Carquez Saavedra

The state run Venezuelan Petroleum Corporation (CVP) coordinates the social projects carried out by 35 operational agreements, three associations of exploration-at-risk and shared profits, and four strategic associations. This endeavor, which involves 8 million U$ in social investment this year, will rise to approximately 12 million in 2005.
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Interview with Bernardo Alvarez, Venezuelan in the U.S.

In the 21st century, Russia and Venezuela discover each other