2008-01-26 Maracaibo, Venezuela. Maracaibo is the oil capital of Venezuela and reportedly the hottest place in Latin America. The source of the wealth of the Chavez regime. The city is the cleanest and most prosperous of the country and one of the few opposition centres in Venezuela. Because...
2008-01-26 Maracaibo, Venezuela. Maracaibo is the oil capital of Venezuela and reportedly the hottest place in Latin America. The source of the wealth of the Chavez regime. The city is the cleanest and most prosperous of the country and one of the few opposition centres in Venezuela. Because...
Ultima en la tonica industrial, espero sacar algo bueno de mis vacaciones.
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Outside Caracus on the hillside there are people living in shanty towns. Why is this, since Venezuela is rich? Couldn't the government do something about this?
Any country you go to, rich or poor, has people living in shanty towns not just Venezuela. Only God's Kingdom can really solve that problem and others permanently.
(Updates with quote from central bank president in third paragraph.)
Dec. 30 (Bloomberg) -- A surge in government spending helped Venezuela’s economy, the third-largest in South America, grow 4 percent in 2011 after two years of contraction, the nation’s central bank said.
Expansion was propelled by government construction projects and a recovery in the manufacturing sector, the central bank said today in a report, citing preliminary figures. Official gross domestic product data will be released in late February.
“The recent performance of the Venezuelan economy ratifies the recovery of various productive sectors and allows us to be optimistic about sustained economic growth,” central bank president Nelson Merentes said today in an e-mailed statement.
The resolution of a power shortage, which caused manufacturing to collapse in 2010, boosted the economic recovery, Merentes said. Government spending rose 6 percent and the amount of dollars available in the economy rose 12.7 percent, according to the report.
Russia and Venezuela have made a giant leap in co-operation in the oil and gas industries, said Venezuelan President Hugo Chavez in summing up the ...
One of Venezuela’s major problems has been that Mr Chávez’s has been pillaging the state oil firm PDVSA. EU-Digest, a free service of Europe House, provides news highlights and links to European related news reports on economic, social and political issues. The information published in EU-Digest does not necessarily reflect the viewpoint or the opinion of Europe House.
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The politics of oil in Venezuela even during difficult times when the government's oil policy was under attack and ... control of the oil industry, not only in Venezuela but everywhere, ... |
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Venezuela, Hugo Chávez and the decline of an "exceptional democracy" Traditional studies of oil have focused on the struggle of Venezuelans to gain control over the industry, the struggles of oil workers, and the role of Ac- ... |
Khomeini, Chavez Examples Show Libya Output Drop: Chart of the Day
Libyan oil production may not return to recent levels if Muammar Qaddafi is overthrown, following a trend set by fellow OPEC members Iran and Venezuela when their own governments last changed,
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Stocks Rise Most This Year on Economy; Euro Gains Oil fell after reports that Venezuela offered to mediate a resolution to the crisis in Libya, which has cut crude supplies from Africa's third-biggest producer. Food prices rose to a record in February, the United Nations said today. |
US Stock Futures Higher After Jobs Data, Oil Eases; DJIA Up 102
Oil futures fell sharply following reports that Venezuela President Hugo Chavez was trying to broker a peace deal in Libya. But the decline was largely wiped out on news that fresh air strikes had been launched against the town of Brega.
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US stocks surge amid rosier economic data and drop in oil price The price of crude oil in New York fell for the first time in three days, dropping 0.38 per cent to 101.84 dollars per barrel, amid reports that Venezuela could mediate in the Libyan conflict. The blue-chip Dow Jones Industrial Average surged 191.4 |
Fuel prices up by P1 per liter Friday, 2nd hike in 4 days
The second directive, published on Thursday, “enjoins all oil companies to engage in mutual product sharing accommodations and similar industry practices to stabilize oil supply.” For February, the Asian benchmark Dubai crude averaged more than $100 a
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