Our country’s economic disaster remains a cautionary tale that candidates use as warning against their contenders. But in the current bizarre fight between a libertarian and a Peronista, both say the other is the next Chávez
Venezuela signed a premium contract with Maurel & Prom that will allow the French oil company to triple its production –up to 50,000 barrels per day– in the state of Zulia. Others are following behind.
Maurel & Prom Sign a Deal With PDVSA
Venezuela signed a contract with Maurel & Prom that will allow the French oil company to triple its production –up to 50,000 barrels per day– in the state of Zulia after the temporary lifting of oil sanctions. The agreement will allow Maurel & Prom more financial and operational control over its joint venture with PDVSA, conditions that had previously only been granted to Chevron. The European oil companies Eni and Repsol are in negotiations to achieve similar agreements.
Oryx, the company of a Qatari tycoon, also signed a preliminary agreement to reactivate the refinery in Curacao that processes Venezuelan crude. The investment would exceed $750 million dollars and seeks to revitalize the island’s role as a way station for Venezuelan crude oil.
Six questions to assess whether events in the Middle East can affect Venezuelan oil and politics
The rump version of one Venezuela’s oldest parties, the Catholic-influenced Copei, just established an alliance with an evangelical party to oppose abortion, sex-ed and gay marriage. Will Christian conservatism grow within the opposition too?
Following the Mexican and Cuban traditions of blaming drug trafficking on the US and describing economic sanctions as blockades, the Chavista ruler joins a regional leftist effort to use the migratory crisis as a political opportunity