HYDROCARBONS. Over six years, the debt of state-run oil holding Petróleos de Venezuela (Pdvsa) has grown by 187.5%. In 2007, the obligations of the oil giant stood at USD 16 billion; now, they exceed USD 46 billion, according to Pdvsa's financial report as of the end of 2014. This amount does not include funding from the Central Bank of Venezuela or debt owed to suppliers.
High MEXICO, CHILE & COLOMBIA: All of the three, in addition to Costa Rica, are perhaps the closest related nations with regard to the flow of leaders committed to the setup and consolidation of democracy in the 20th century in Venezu (...)
If Venezuela recovers from its economic depression it will be because its leaders and people recognize that supply and demand shape the economy the way gravity shapes the universe. Supply and demand is not a decree that can be repealed by the wh (...)
News This Week
- The United States builds its own Caribbean energy alliance
- Henrique Capriles blames shortage on ravaged production
- Leopoldo López's trial is postponed again
- Colombia rejects Venezuela's treatment to ex-president Pastrana
- Gov't says lack of procedures hampered presidents' visit to López
- Twenty topics to be addressed at Celac Third Summit
- Debt of Venezuelan state oil company Pdvsa up 6.38%
- Malaria events hit record high in Venezuela in 2014
- Businesspersons concerned about Venezuela-Colombia impasse
- Maduro: Visit of "fascism from other lands" is "embarrassing"
- Venezuela laments that Colombian FM is "an accomplice to unfriendly moves"
- Cabello: No blackmail will make us retreat
- Debt of Venezuela's Pdvsa up 187.5% in six years
- Ombudsman: Neoliberalism and human rights are antagonists
- NY Times editorial lambasts Venezuela's Maduro administration
- OPEC hopes oil prices to recover soon
- Spain's Podemos questioned about €1 million transfer from Venezuela
- Analyst: Oil prices will not rebound immediately
- Between defending prices or markets
- Venezuelan gov't acknowledges supply issues
- Maduro: "Over 70% of the people are happy with the Food Mission"
- Venezuelan infrastructure plan to exceed USD 5 billion
- Venezuelan employment rises in a more informal market
- Pdvsa makes invitation to buy shipment of Urals crude oil
- ECLAC: Poverty in Venezuela up 6.7 % in 2012-2013
- Venezuela's Maduro arrives in Saudi Arabia to attend King's funeral
- Dissenter: The world is in solidarity with Leopoldo López
- Venezuela expects USD 15 billion in earnings from forex markets
- Economist: the most important measures are "unannounced"
- Government supporters begin rally in Caracas to commemorate January 23
- Individuals to participate in Venezuela's forex market
- Ford's net profits in Venezuela reduced due to regulations
- Maduro asks the Congress "to commence investigation into the economic coup"
- MUD bets on a victory in the 2015 election to overcome crisis
- López: It is an honor to be deemed in default by the unfair justice system
- Venezuelan ombudsman holds dialogue with human rights NGOs
- Colombia has sent 32 armored vehicles to border with Venezuela
- Venezuela regrets Saudi Arabian King's passing
- Machado: Our historical duty is to defend Venezuela and democracy
- Venezuelan oil basket rebounds; ends at USD 39.52 per barrel
- Venezuelan minimum wage is adjusted for the seventh time in two years
- Capriles: Maduro's announcements fail to solve Venezuelan crisis
- Maduro: The revolution remains unharmed
- Venezuelan gov't meets with foreign companies and investors
- Opposition deputy terms "insufficient" Venezuelan president's announcements
- Three forex systems to operate in Venezuela in 2015
- Maestro José Antonio Abreu in the US for a checkup
- Dissenter Julio Borges: Venezuela needs more than "God will provide"
- Ruling party leader: No economic package under the revolution
- Summary of Venezuelan President Nicolás Maduro's Annual Report
- Venezuelan debt sags out of caution
- Prosecution resorts to linguist to prove the case against Leopoldo López
Oil and gas; gold and diamonds; coltan, coal, iron, bauxite, copper: the Venezuelan economy is extractive, as it relies on taking mineral substances from the earth for sale or trade.