Business / Tags / Venezuela

BUSINESS / NEWS Thu Jun 5, 2008 @ 8:12am neoform

BusinessWeek -- Despite huge oil and gas reserves, Venezuela lurches into a power crisis caused by years of infrastructure neglect Angela Marquez should be pleased, considering the long line of customers at her paint store in the central Venezuelan city of La Victoria.. Read More

BUSINESS / NEWS Mon May 26, 2008 @ 8:13am neoform

BusinessWeek -- By subsidizing gasoline, Chávez spreads the oil wealth. But the cost of those cheap fill-ups is becoming hard to ignore Global oil prices zoomed up to $135 a barrel this past week. But that doesn't worry Roberto Morales, a 33-year-old Venezuelan busin.. Read More

BUSINESS / NEWS Tue Mar 4, 2008 @ 8:15am neoform

BusinessWeek -- Venezuela and Ecuador mass troops on the Colombian border as rhetoric about a rebel ratchets higher. But the real risk may be to the Venezuelan President Venezuelan President Hugo Chávez is no stranger to conflict. Now, in a dispute over the killing o.. Read More

BUSINESS / NEWS Fri Feb 15, 2008 @ 8:19am neoform

BBC News -- The Venezuelan government has accused US oil giant Exxon Mobil of exaggerating the value of the company's former investments in the country. Exxon is seeking $12bn (�6.1bn) in compensation from Venezuela's state energy group, PDVSA, after its interes.. Read More

BUSINESS / NEWS Tue Feb 13, 2007 @ 9:32am mrmdc

BBC News -- Venezuela's government has bought 28.5% of the country's top telecoms company CANTV, which President Hugo Chavez has accused of spying on him. The stake was bought from US-based Verizon Communications for $572m (£295m), more than $100m less than was o.. Read More

BUSINESS / NEWS Mon Feb 18, 2008 @ 8:23am neoform

MSNBC -- President Hugo Chavez sent a soothing message to American motorists on Sunday, saying that Venezuela is not preparing to cut off oil shipments to the United States. The socialist leader rattled oil markets last Sunday when he threatened to halt shipmen.. Read More

BUSINESS / NEWS Tue Feb 12, 2008 @ 8:09am neoform

BusinessWeek -- Peeved by Exxon's legal victory, Venezuela's President is threatening to end oil exports to the U.S.—a move that would probably backfire Venezuelan President Hugo Chavez is famed for his incendiary oratory. But in his recent threats to cut off oil sh.. Read More

BUSINESS / NEWS Fri Feb 8, 2008 @ 8:11am neoform

BusinessWeek -- ExxonMobil has won a court battle to freeze $12 billion in assets of Petroleos de Venezuela as compensation for nationalization of projects Venezuelan President Hugo Chávez has repeatedly seized assets of international oil companies operating in the c.. Read More

BUSINESS / NEWS Thu Mar 15, 2007 @ 9:27am mrmdc

BBC News -- US oil giant Exxon Mobil is considering its future in Venezuela as the country's president drives through nationalisation plans. Exxon has said it will comply with a decree by President Hugo Chavez to hand over its multi-billion dollar Orinoco reserve.. Read More