Venezuela

Venezuela announces new oil finds

Venezuela announces new oil findsCaracas, April 25 - State-owned Venezuelan oil giant Petroleos de Venezuela SA (PDVSA) has said it has made new oil finds in three different areas of the Andean nation.

An "effective exploratory drilling plan" dating back to late 2013 has resulted in the discovery of 185 million barrels of crude and 1.1 trillion cubic feet of gas, PDVSA said in a statement Thursday.

Venezuela has 297.5 billion barrels of proven oil reserves, more than any other country. Most of that crude is located in the Orinoco Belt, a territory in eastern Venezuela that holds roughly a quarter of the world's petroleum.

RIL may buy 11% stake in Venezuela’s Petrocarabobo project

RIL may buy 11% stake in Venezuela’s Petrocarabobo projectMukesh Ambani-led Reliance Industries Ltd (RIL) is considering taking an 11% stake in Venezuela's Petrocarabobo project - one of biggest petroleum projects in the Latin American country.

RIL, which operates the world's biggest refining complex in Gujarat, has been search for cheaper as well as heavier crude oil to run its refineries.

The Petrocarabobo project was recently surrendered by Malaysia-based Petronas.  A senior RIL official said the company was eyeing the same exploration assets in Mexico.

Power failure affects 70% of Venezuela

Power failure affects 70% of VenezuelaAccording to the reports, a major power cut has affected about 70 per cent of the entire Venezuela including its capital Caracas as the country's main power distribution network failed on Tuesday.

The electricity failure also affected traffic lights in the capital city causing traffic jams and also affected the underground transport system. The authorities are working on the issue and power supply is returning in different areas following the blackout. Meanwhile, hundreds of workers were sent home at the time of the power cuts.

Venezuela, US agree to improve ties

Elias-JauaCaracas, June 6 : Venezuela and the US have agreed to find ways to improve their diplomatic relations which have been tense since August 2010, Venezuelan Foreign Minister Elias Jaua said.

The agreement was reached Wednesday during Jaua's meeting with US Secretary of State John Kerry on the sidelines of a Organization of American States (OAS) general assembly meeting held in Antigua, Guatemala, reported Xinhua.

"We trust that the meeting with John Kerry will mark the beginning of a good relation of respect between Venezuela and the United States," Jaua said in a statement released by Venezuela's official media.

Venezuela's Maduro to launch social media accounts ahead of poll

Venezuela's Maduro to launch social media accounts ahead of pollCaracas, March 18 : Venezuela's acting president Nicolas Maduro will launch social media accounts to communicate actively with his supporters ahead of the forthcoming presidential elections.

Maduro is running as the main candidate from the ruling party.

"Now we are holding a meeting on the launch of a digital system (of communication) for Nicolas Maduro from Sunday," Maduro's election adviser Andres Izarra wrote in his Twitter microblog.

Venezuela scraps plan to embalm Chavez

Venezuela scraps plan to embalm ChavezCaracas, March 17 : The Venezuelan government has decided not to embalm the body of late president Hugo Chavez, Communications Minister Ernesto Villegas said.

Chavez, who ruled Venezuela for 14 years, died March 5 at the age of 58 after a two-year-long fight with cancer.

Venezuelan authorities announced the possibility of his embalming two days after his death.

"We have ruled out the idea of embalming the body of Comandante Chavez after a Russian medical commission report, although many Venezuelans had hoped for this option," Villegas wrote on his Twitter blog.

Very difficult to preserve Chavez's body: Maduro

Nicolas-MaduroCaracas, March 14 : Venezuela's Acting President Nicolas Maduro has admitted that it would be "very difficult" to embalm the body of late president Hugo Chavez due to technical reasons.

Maduro said scientists from Russia and Germany had arrived in the country for the embalming process, but the preservation was expected "to be quite difficult" because technical preparations should have started earlier, reported Xinhua.

Chavez's body has been kept in the chapel of Military Academy for a week, following the official announcement of his death March 5.

Venezuela mourns Chavez

Venezuela mourns ChavezCaracas, March 7 - Venezuelans are mourning the death of president Hugo Chavez while government officials make preparations for his funeral and succession.

The armed forces fired a 21-gun salute to Chavez at 8 a. m. and announced that a cannon would be fired once an hour until the late president was buried Friday.

The order for the continuous salute was given by Defense Minister Adm. Diego Molero, armed forces strategic command chief Gen. Wilmer Barrientos said.

"This is one of the top honours for a head of state," the general told VTV.

Venezuela, Hugo Chavez, radio, military hospital, television, Nicols Maduro

Venezuela, Hugo Chavez, radio, military hospital, television, Nicols Maduro Caracas, March 6 : Venezuelan President Hugo Chavez died Tuesday in a military hospital in Caracas, Vice President Nicols Maduro announced on the national radio and television.

With tears in his eyes, Mature addressed Venezuelans from the Doctor Carlos Arvelo military hospital, where Chavez passed his last two weeks after he came back from Cuba on Feb. 18.

Venezuelan President Hugo Chavez loses battle with cancer

Venezuelan President Hugo Chavez loses battle with cancer Caracas, March 6: Venezuelan President Hugo Chavez lost his battle with cancer Tuesday at the age of 58. He died in a military hospital in Caracas, Vice President Nicolas Maduro announced on national radio and television.

With tears in his eyes, Maduro addressed Venezuelans from the Doctor Carlos Arvelo military hospital, where Chavez passed his last two weeks after returning from Cuba Feb 18, Xinhua reported.

"At 4.25 p. m. (Tuesday), the commander President Hugo Chavez deceased," Maduro said.

Chavez returns home after cancer surgery in Cuba

hugo-chavezCaracas, Feb 18 : Venezuelan President Hugo Chavez said on his Twitter account Monday that he has returned home after a two-month cancer treatment in Cuba.

"We have arrived again to the Venezuelan homeland. Thank you, God! Thank you, my beloved people! We shall continue the treatment here," Chavez posted on Twitter.

The 58-year-old leader underwent a cancer surgery in Cuba on Dec. 11. Last week, the Venezuelan government released the first images of Chavez following his surgery, showing him propped up in bed flanked by his two daughters. (ANI)

Chavez still facing tough battle with cancer: Venezuela

Chavez still facing tough battle with cancer: VenezuelaHavana, Jan 26 - Venezuelan President Hugo Chavez is recovering from his Dec 11 operation to remove a tumour, but is still fighting "the more difficult battle" against cancer, one of his top aides said.

"We can say of the post-operative situation, the president is well into the process of recovery," Foreign Minister Elias Jaua said from Havana, where he and other senior officials have been conferring with Chavez.

`Chavez moving into new phase of recovery'

`Chavez moving into new phase of recovery'Caracas, Jan 21: Venezuelan Vice President Nicolas Maduro has said that President Hugo Chavez, who is recovering from cancer surgery in Cuba, is coming out of the postoperative period and "is going to enter a new phase of treatment that is in the process of evaluation" after going through a "difficult" period.

Maduro Sunday said that Chavez is conscious and "continues stabilizing in every way, the functioning of his organs, in all his fundamental qualities".

Chavez aware of complex condition: Venezuelan VP

/Nicolas-MaduroCaracas, Jan 1 : Venezuelan President Hugo Chavez is fully aware of the complexity of his condition three weeks after cancer surgery in Cuba, Vice President Nicolas Maduro said on Tuesday.

Chavez, who has been fighting an undisclosed type of pelvic cancer since June 2011, was "totally conscious of the complexity of his post-operative condition" and faced the illness with courage and dignity, Maduro said in a televised interview in Cuba.

"Sometimes he has had light improvements, sometimes stationary situations," Maduro said in the interview broadcast by the Caracas-based television network Telesur.

Chavez has will to live, says Venezuelan vice president

Chavez has will to live, says Venezuelan vice presidentCaracas, Dec 27 - Venezuela's vice president said Wednesday that head of state Hugo Chavez, now recovering in Cuba from his fourth cancer surgery in 18 months, remains undaunted by his illness.

"He has a complex, difficult health situation and a gigantic will to live," Nicolas Maduro said at an official event in the northwestern state of Falcon.

The vice president also reacted angrily to opposition accusations that the leftist government is manipulating information about Chavez's condition.

Chavez up and about: Venezuelan vice president

Chavez up and about: Venezuelan vice presidentIndian Markets opened positive on Wednesday with BSE Sensex up by 42 points at 19296 and NSE Nifty up by 11 points. Asian Markets were trading strong as well. Nikkei 225 was trading higher as Japanese Yen was weak compared to US Dollar and Euro.

CFO of McLeod Russel has expressed his view that tea prices are likely to remain strong during year 2013. As the production of tea was hit by weather, the supply constraint will most likely push up prices. McLeod Russel stock was up by 0.6% at Rs 356.

Venezuela President Undergoes Second Round of Chemotherapy in Cuba

Venezuela President Undergoes Second Round of Chemotherapy in CubaVenezuela is already marked as one of the most dangerous countries with organized crime gangs, police corruption and impunity. The country had high murder rates as compared to global.

According to the state-run National Statistics Institute, there were more than 19,000 murders nationwide in 2009 and notified that more than 10 individuals are killed in Caracas every day.

Chavez: Venezuela has deployed troops amid spat

Chavez: Venezuela has deployed troops amid spatVenezuelan President Hugo Chavez announced on Friday that they had arrayed troops and air units in defense in due to the rising conflicts with its neighbor Columbia.

While declaring the same, he also expressed great remorse for having to spend so much time in revising warfare plans against its neighbor.

New law allows Venezuelan government to control currency exchanges

New law allows Venezuelan government to control currency exchangesA new law that mandates the central bank to choose what firms can trade dollars will allow the Venezuelan government to take control of Bolivar currency exchanges.

President Hugo Chavez signed the bill into law, then said on state television: "I don't mind more regulation if it's needed. Don't provoke me, bourgeois speculators and brokerages," the Merco Press reported on Monday.

Retired Venezuelan general awarded prison term

Hugo ChavezAccording to officials, a onetime confidant of Venezuelan President Hugo Chavez was sentenced to almost eight years in prison for corruption and abuse of power.

The Los Angeles Times reported on Sunday that retired Gen. Raul Isaias Baduel was sentenced on Friday by a military court for his conviction on charges of abuse of power, misappropriation of funds and violation of the military code while he was an officer.

Although Baduel was part of a handful of military leaders who helped return Chavez to power after a short-lived military coup in April 2002, the two clashed, resulting in Baduel's resignation in 2007.




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