Category: Venezuela

Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector

Bowing to Trump administration pressure, the new legislation improves conditions for foreign oil companies and opens the way to slash the taxes they pay.
Trump Wants U.S. Investment in Venezuela, but Sanctions Still Complicate It

With tight business restrictions still in place, companies may find it challenging to even assess what opportunities exist for them in the South American nation.
Big Oil’s Complicated Calculus for Investing in Venezuela

The industry has long prioritized projects with quick and reliable payback. Trump is pushing for a return to risk.
Trump Vows to Make Venezuela Rich. It Will Take More Than U.S. Cash.

History suggests that the price of oil and a wider distribution of wealth are as important as foreign investment.
James Luckey-Lange Among Americans Freed in Venezuela

James Luckey-Lange, 28, was released this week with several other U.S. citizens from the country’s notorious prison system after going missing in December, his family said.
U.S. Refiners to Profit as Trump Asserts Control Over Venezuelan Oil

The companies that turn oil into gasoline and diesel are likely to benefit more, right away, than the businesses that pump oil out of the ground.
Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.
Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception

President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
Venezuela’s Oil Industry: A Timeline of Key Events

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping in 1914.
Trump Is Making a Power Play in Latin America. China Is Already There.

China built a dominant strategic position in the region as the leading lender and trading partner. It is watching President Trump’s next moves closely.
Wary of Investing in Venezuela, Big Oil Heads to the White House

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
How The Times Is Drawing on Over a Century of Reporting in Venezuela

The New York Times has been on the ground in the country since at least the 1880s, through celebration, suffering and political turmoil.