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Venezuela's Maduro seeks oil contract changes with congressional shakeup: lawmakers

08 Jan 2020

CARACAS Venezuela's ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some crucial state oil assets, five opposition lawmakers said on Wednesday.

Venezuela's Maduro seeks oil contract changes with congressional shakeup -lawmakers

08 Jan 2020

CARACAS, Jan 8 Venezuela's ruling Socialist Party hopes legislators it recently declared to be in charge of congress will approve changes to ownership of some crucial state oil assets, five opposition lawmakers said on Wednesday.

Venezuela's ruling Socialists seize congress, defiant opposition re-elects Guaido

06 Jan 2020

CARACAS Venezuela's socialist government installed a new head of Congress on Sunday after armed troops blocked opposition legislators from entering parliament, in a move condemned by dozens of nations as an assault on democracy. | Video

U.N., lender CAF seek $350 million loan deal for government of Venezuela's Maduro

04 Dec 2019

CARACAS Latin American lender CAF and the United Nations are seeking to provide financing to the government of Venezuelan President Nicolas Maduro to improve electricity supply in the crisis-stricken nation that is suffering chronic blackouts, the two institutions told Reuters.

Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan - sources

28 Nov 2019

CARACAS Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said.

U.S.-sanctioned Venezuela doubles euro supplies to banks

15 Nov 2019

CARACAS Venezuela's central bank has doubled the amount of euros in cash it provides local banks as hyperinflation and U.S. sanctions prompt a surge in use of the European currency, four sources familiar with central bank activities said.

U.S. Treasury temporarily blocks creditor seizure of refiner Citgo

25 Oct 2019

CARACAS The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation.

In hungry Venezuela, food producers step up exports to survive

23 Oct 2019

MARACAIBO, Venezuela, Shrimp farming is booming in this western Venezuelan city, but little of the shellfish is destined for tables in this malnourished nation.

Venezuelan Guaido's team proposed 90-day truce to PDVSA bondholders: sources

18 Oct 2019

MEXICO CITY/CARACAS Venezuela's opposition last week sent holders of state oil company PDVSA's 2020 bond a proposal to suspend legal actions for 90 days, the latest maneuver to avoid losing U.S. refiner Citgo Petroleum, three sources familiar with the talks said.

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