Hugo Chávez News

28.01 / 03:35

markets BLOCK Aware Bill President country social India in talks with US, Venezuela over ONGC Videsh’s $600 million stuck dividends

Subscribe to enjoy similar stories. PANAJI : India has initiated government-to-government (G2G) level talks with the United States and Venezuela to resolve the issue of $600 million in dividends stuck in Venezuela for state-run ONGC Videsh Ltd (OVL), said two people aware of the development. OVL, the overseas arm of Oil and Natural Gas Corporation (ONGC), has held a 40% stake in the San Cristobal Project in Venezuela since 2008, with the country’s state-owned oil company Petróleos de Venezuela SA (PDVSA) owning the remaining 60%.

05.01 / 01:35

markets Election wellness President country Updates peace US plays down quick return to democracy in Venezuela

would run the country indefinitely until a “safe, proper and judicious transition” could be arranged. He didn’t raise the prospect of elections.The president said “it would be tough” for the country’s opposition leader, María Corina Machado, who recently won the Nobel Peace Prize, to play a major role, saying she lacked popularity.

17.03 / 07:13

security Election President Arma country Courts Venezuela's Maduro announces candidacy for July re-election

By Mayela Armas

23.02 / 13:49

UPS security Bill Trade country International Venezuela calls in oil debt it once traded away for literal beans

At the height of Venezuela’s oil go-go days, tankers fanned out across the Caribbean, handing out 200,000 barrels a day to a constellation of small, mostly poor, islands. The fact that those countries racked up huge debts and paid part of the bill with things like black beans and peanuts mattered little to Hugo Chavez as he parlayed the bonanza into global fame as the leader of what he called 21st century socialism.

14.09 / 10:35

UPS Provident Manufacturing Parke country Latin Latin America is set to become a major oil producer this decade

foreign exchange and fiscal revenues. Perhaps no company in the world is as closely linked to its country’s collapse as Venezuela’s state oil firm, PDVSA. At its peak in 1998, it provided 5% of global supply.

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