Venezuela takes up oil fields during an historical and sovereign May 1st

Since this year, the Venezuelan State will have total operative control of the Orinoco Oil Strip Association of Agreements, as well as the oil improvers, located at the Jose Oil Cryogenic Complex, Anzoátegui State, Venezuela.

Major international oil companies agreed to transfer operations to PDVSA

A group of 10 companies that are taking part together with Petróleos de Venezuela (PDVSA) in the exploitation of the Oil Belt, through Strategic Association Agreements, and in the Risk Exploration Agreements, signed memoranda of understanding for the transfer of the operations to the Venezuelan State.

First South American Energy Summit succeeded

The First South American Energy summit, in Venezuela, succeeded not only in uniting Latin countries, but helped bind various oil agreements.

Presidents endorse the creation of South American Energy Council

The First South American Energy Summit agreed on the organization of a South American Energy Council to follow up hemispheric energy-related agreements

Venezuela and Brazil vow to build ethylene and polypropylene plants

Brazilian President Luiz Inácio Lula da Silva and his Venezuelan counterpart Hugo Chávez are set to initial agreement on two joint ventures.

Construction of a natural gas pipeline between Colombia and Venezuela will be finished by August, Venezuela's energy minister said.

President Chávez announces World Bank debt has been paid off

According to President Hugo Chávez: ‘With this last payment to the World Bank, paying off the debt that was almost 3 billion dollars in 1998, I can say that we don't owe a cent of debt either to the International Monetary Fund or to the World Bank'.

UNASUR means union of South American nations

UNASUR has been the name given by the presidents of South American nations to the integration process underway in a dozen countries of the region.

New OAS permanent council chair calls for greater priority to climate change issue

Venezuela's Permanent Representative to the Organization of American States (OAS), Ambassador Jorge Valero called for the issue of climate change and its consequences to be put at the center of the Inter-American agenda.

President Lula: Chávez is a great ally for Brazil

President Lula Da Silva described President Chávez as ‘a great ally in the energy, trade and political sector'.

Venezuela and Chile strengthen the union between their countries

With the official visit of Chilean President Michelle Bachelet to Venezuela, the two countries signed several agreements of cooperation in different areas.

Viva Venezuela verde!

Derek Wall, the Green Party Principal Speaker said: ‘I was promised a chance to see a green revolution in progress and I was not disappointed. President Hugo Chávez is a green'.

How Financial Times' limited sources compromised its Venezuela coverage

The Financial Times prides itself on its ‘authoritative, accurate and analytical' coverage of world events. Unfortunately, in the case of the paper's reporting on contemporary Venezuelan politics, it has fallen far short of the mark.

Two-Thirds Happy with Chávez in Venezuela

Many adults in Venezuela are satisfied with their president, according to a poll by Datanálisis. 64.7 per cent of respondents approve of Hugo Chávez's performance.

The Vice-President of Venezuela, Jorge Rodríguez, stressed the need of creating 30,000 communal councils nationwide in order to supervise the administration of the national government.

Merrill Lynch heightens Venezuela's rating

Financial management and advisory company Merrill Lynch increased the rating of Venezuela to over the market average in the portfolio of sovereign external debt.

Chávez welcomes private investment

President Hugo Chávez wants the private sector to invest in Venezuela, by arguing that the government is not at odds with businesses.

School matriculation reached 12.7 million students in 2007

The President of Venezuela, Hugo Chávez, underscored that this year the school matriculation reached 12.7 million students.

According to the last poll carried out by ‘Datos Information Resources', 47% of Venezuelans have used the social programmes developed by Chávez's Administration