CARACAS (Reuters) – Venezuela will end up paying less than $1 billion to Exxon Mobil Corp for oil assets nationalized in 2007, after this week’s World Bank tribunal award, the Venezuelan government said on Friday.
Venezuela says it will deduct a previous award made against it by another international tribunal, the Paris-based International Chamber of Commerce (ICC), from Thursday’s $1.6 billion ruling by the World Bank’s ICSID body. “In concrete, exact terms, our republic will have to cancel something less than $1 billion, that is to say 5 percent of Exxon Mobil’s pretentions against our country,” said Ramirez, who until a cabinet reshuffle several weeks ago, was head of the oil ministry and state oil company PDVSA.
CARACAS (Reuters) – Venezuela’s new opposition chief is targeting 2015 parliamentary elections as a springboard to end more than 15 years of socialist rule.
Given its huge oil reserves and relatively small population of 29 million, Venezuela should not have to tolerate its “catastrophic” economic performance, Jesus Torrealba, the newly named leader of the opposition coalition, said in an interview.
CARACAS (Reuters) – A Venezuelan cartoonist said she was fired from her newspaper for a caricature that used the late socialist leader Hugo Chavez’s signature to satirize the state of healthcare.
“I was informed of my sacking from El Universal over this caricature and my awkward attitude over graphic satire,” veteran cartoonist Rayma Suprani said via Twitter late on Wednesday.
CARACAS (Reuters) – Venezuelan security forces have arrested 64 people during renewed demonstrations against President Nicolas Maduro’s government in the capital as well as the city of Barquisimeto, a rights group said on Saturday.
The detentions came on Friday when mostly student demonstrators organized protests to coincide with seven months since the Feb. 12 start of a major wave of demonstrations.
CARACAS (Reuters) – Venezuelan President Nicolas Maduro has called for legal action against a former government official who now teaches at Harvard University and wrote an opinion piece that contributed to a fall in the nation’s bond prices earlier this week.
Ricardo Hausmann, a Venezuelan planning minister in the 1990s, wrote that Venezuela was in arrears across various sectors of the economy and had “defaulted” on its people. “So, should Venezuela default on its foreign bonds?” he asked.
CARACAS (Reuters) – Venezuela said on Thursday it would extend an overnight closure of its border with neighboring Colombia for another three months in a campaign to stop widespread fuel and food smuggling.
The measures to stop traffic crossing between 10 p.m. and 5 a.m., and limit the movement of cargo vehicles during the day, were introduced in mid-August to combat the lucrative business in smuggling heavily subsidized Venezuelan products.
WASHINGTON/CARACAS (Reuters) – The United States imposed travel restrictions on Wednesday on some Venezuelan government officials it accuses of rights abuses in a crackdown on protests against President Nicolas Maduro this year.
Three months of demonstrations led by hard-line opposition and student leaders earlier this year led to violence that killed 43 people in the South American OPEC member nation’s worst unrest for a decade.
CARACAS (Reuters) – Venezuela’s former military intelligence head Hugo Carvajal, wanted by the United States over drug accusations and arrested four days ago on the Caribbean island of Aruba, was released on Sunday.
“He’s been freed and is in the airport about to fly back,” the retired general’s lawyer, Chris Lejuez, told Reuters by phone from Aruba. “He’s obviously happy.”
CARACAS (Reuters) – Venezuela said on Sunday that retired military General Hugo Carvajal, wanted by the United States over drug accusations and arrested four days ago on the Caribbean island of Aruba, would be freed and return home shortly.
“A plane is taking off at this moment … to go and pick up our comrade Hugo Carvajal,” Foreign Minister Elias Jaua said on state TV, hailing it as “a new victory” for Venezuela.
CARACAS (Reuters) – Venezuela’s ruling Socialist Party began a six-day congress on Saturday with President Nicolas Maduro seeking to fire up militants and quell dissidents who say he is failing to fix the economy or end graft.
It was the party’s third congress since formation in 2008, but the first without its charismatic founder, former president Hugo Chavez who died last year of cancer after ruling the South American OPEC nation for 14 years.