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Mayela Armas

Venezuela government, opposition weigh giving private oil firms operating rights: sources

06 Dec 2019

CARACAS Venezuela's government and opposition have discussed allowing private companies in joint ventures with state oil company PDVSA to operate oil fields themselves, reversing a longstanding requirement that PDVSA control such operations, three people familiar with the talks said.

Venezuela govt, opposition weigh giving private oil firms operating rights -sources

06 Dec 2019

* Proposal maintains requirement that PDVSA hold majority stake

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.

Black Friday comes to Venezuela as socialist government loosens controls

29 Nov 2019

CARACAS Venezuelans flocked to shopping centres in Caracas, the country's largest city, on Friday to take advantage of the first "Black Friday" discounts in recent memory, as socialist President Nicolas Maduro's government loosens controls in the face of an economic crisis.

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.

Venezuelan baseball's bid to save sanctions-shortened season hits snag

11 Nov 2019

CARACAS The U.S. Treasury Department has told Major League Baseball that a change to its sanctions on Venezuela last week does not allow MLB to resume a partnership with the Venezuelan baseball league, according to a person familiar with the matter.

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.

Venezuela's PDVSA expects crude output rebound in 2020: document

10 Oct 2019

CARACAS Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day (bpd) next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels.

Venezuela's PDVSA expects crude output rebound in 2020 -document

10 Oct 2019

CARACAS, Oct 9 Venezuela's cash-strapped state-run oil company PDVSA expects crude output to rebound to above 1.2 million barrels per day (bpd) next year, according to a copy of the company's 2020 budget seen by Reuters, a figure nearly double current levels.

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