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.
* Proposal maintains requirement that PDVSA hold majority
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.
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.
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.
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.
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.
MARACAIBO, Venezuela, Shrimp farming is booming in this western Venezuelan city, but little of the shellfish is destined for tables in this malnourished nation.
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.
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.