Bureau Chief, Andean Region
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Apr 20, 2015

PDVSA and partners sell about $75 million per month at new Venezuela forex rate

ORINOCO OIL BELT, Venezuela (Reuters) – Venezuela’s PDVSA is selling about $50 million a month at a new advantageous foreign exchange rate, while joint ventures with foreign partners are putting in a further $25-30 million a month via the Simadi system, the state oil company’s head said.

The government created Simadi in February as a third tier in Venezuela’s complex currency controls to allow importers and others to buy dollars at a higher cost in local currency than the other official rates of 6.3 and 12 bolivars per dollar.

Apr 20, 2015

Venezuela proposes novel OPEC oil blending deal to fight for market share

ORINOCO BELT, Venezuela (Reuters) – Venezuela has launched talks this month on a novel plan to blend the country’s heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadian supplies.

The proposal, which would expand on a pilot scheme involving Algerian oil last year, envisions supplying refineries built for medium-grade crudes rather than the light oil that has become plentiful as a result of the North American shale boom, said the head of state oil company PDVSA, Eulogio del Pino.

Apr 20, 2015

PDVSA and partners sell about $75 mln/month at new Venezuela forex rate

ORINOCO OIL BELT, Venezuela (Reuters) – Venezuela’s PDVSA is selling about $50 million a month at a new advantageous foreign exchange rate, while joint ventures with foreign partners are putting in a further $25-30 million a month via the Simadi system, the state oil company’s head said.

The government created Simadi in February as a third tier in Venezuela’s complex currency controls to allow importers and others to buy dollars at a higher cost in local currency than the other official rates of 6.3 and 12 bolivars per dollar.

Apr 2, 2015

Insight – Venezuelan ‘resistance’ movement struggles to bruise Maduro

VALENCIA/MERIDA, Venezuela (Reuters) – Housewives stash bottles and fuel for Molotov cocktails. Activists run a network of safe houses. Masked youths block roads. A rifle-wielding dissident general makes a call to arms.

    From clandestine meetings to guerrilla-style broadcasts, an amorphous and quixotic “resistance” movement has emerged across Venezuela aspiring to force President Nicolas Maduro from power and end 16 years of socialist rule in the OPEC nation. 

Apr 2, 2015

Venezuelan ‘resistance’ movement struggles to bruise Maduro

VALENCIA/MERIDA, Venezuela (Reuters) – Housewives stash bottles and fuel for Molotov cocktails. Activists run a network of safe houses. Masked youths block roads. A rifle-wielding dissident general makes a call to arms.

    From clandestine meetings to guerrilla-style broadcasts, an amorphous and quixotic “resistance” movement has emerged across Venezuela aspiring to force President Nicolas Maduro from power and end 16 years of socialist rule in the OPEC nation. 

Mar 15, 2015

Venezuela’s Maduro given decree powers for rest of 2015

CARACAS (Reuters) – Venezuela’s parliament granted President Nicolas Maduro decree powers on Sunday for the rest of 2015 in a move he says is to defend the country from U.S. meddling but opponents decry as evidence of autocracy.

In a noisy National Assembly session, ruling Socialist Party legislators, who have a majority, applauded the “Enabling Law” as a legitimate response to a U.S. declaration that Venezuela is a security threat and sanctions on seven officials.

Mar 13, 2015

Venezuela’s Maduro says may go to U.S. to challenge Obama

CARACAS (Reuters) – Ridiculing the U.S. qualification of Venezuela as a security threat, President Nicolas Maduro said on Thursday he may travel to Washington to challenge American counterpart Barack Obama.

“We demand, via all global diplomatic channels, that President Obama rectify and repeal the immoral decree declaring Venezuela a threat to the United States,” Maduro said.

Mar 13, 2015

Venezuela envoy sorry for joke about bullets striking opponents

CARACAS (Reuters) – Venezuela’s ambassador to the Organization of American States apologized on Thursday for joking how bullets would sound going through “empty” heads of government opponents.

“I added a bit of black humor at the end that might have been a mistake,” the veteran diplomat and former foreign minister, Roy Chaderton, said of his controversial remarks earlier in the week.

Mar 11, 2015

Mind your manners, Venezuela tells U.S. official Jacobson

CARACAS (Reuters) – Venezuela’s top diplomat called a senior U.S. official “petulant” and ill-mannered on Wednesday in response to her contention that sanctions were intended to change the government, not topple it.

Foreign Minister Delcy Rodriguez was responding to State Department Assistant Secretary of State Roberta Jacobson’s comments explaining a U.S. declaration that Venezuela is a security threat and its sanctioning of seven officials earlier this week.

Mar 11, 2015

Venezuela opposition seethes after OAS envoy’s bullet comment

CARACAS (Reuters) – Mocking remarks by Venezuela’s envoy to the Organization of American States suggesting a bullet would pass easily through the “empty” head of an opposition sympathizer have set off a social media firestorm.

Veteran diplomat Roy Chaderton made the controversial comment on state TV earlier this week when discussing how projectiles did not distinguish among political colors.

    • About Andrew

      "Andrew Cawthorne is a British journalist who has worked for Reuters since 1992 on various assignments in Latin America, Africa, Europe and the Middle East. Prior to that, Andrew worked on newspapers for several years."
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