Senior Correspondent
Daniel's Feed
Jul 13, 2012

Chavez says Venezuela is no threat to anyone

CARACAS (Reuters) – President Hugo Chavez denied on Friday that Venezuela was a threat to anyone, after U.S. presidential hopeful Mitt Romney criticized Barack Obama for playing down the risk posed by the socialist leader.

Obama told a Spanish-language television station in an interview screened this week that Chavez’s actions over recent years had not had a serious national security impact on the United States.

Jul 13, 2012

Venezuela’s Chavez back on street, claims “miracle” recovery

BARCELONA, Venezuela (Reuters) – Hailing his rebound from cancer as a “miracle” and firing up his supporters with spiritual rhetoric, Venezuela’s President Hugo Chavez has hit the road to campaign for re-election in October.

The socialist leader began a series of campaign rallies under a rainstorm in the eastern city of Barcelona, seeking to show his health is fine and to capitalize on the emotional connection with Venezuela’s poor that has underpinned his rule.

Jun 24, 2012

PDVSA turns to traders to sustain Ecuador oil deal

CARACAS, June 24 (Reuters) – Venezuelan state oil giant
PDVSA has had to buy dozens of extra fuel cargoes from countries
as far away as Estonia and Saudi Arabia to keep up its side of a
2008 oil supply deal with leftist ally Ecuador, according to
traders and sales documents.

In an examination of shipping data that highlights the
practical risks of political trade deals, Reuters found that
half the fuel Venezuela sent to Ecuador, which cannot process
its own heavy crude, came from third countries, often via
trading companies including Glencore.

May 29, 2012

Lower prices, deals with allies strain PDVSA finances

CARACAS (Reuters) – Venezuela’s state oil company PDVSA PDVSA.UL was not paid directly for almost half the crude it pumped last year due to preferential deals with foreign allies, putting more pressure on its finances amid declining prices and heavy local subsidies.

A Reuters analysis of figures published by PDVSA last month, the fiscal motor of President Hugo Chavez’s socialist policies, show it was not paid directly for 43 percent of its barrels of crude and oil products in 2011. That left it delaying payments to suppliers and putting parts of its own investment plans on hold.

May 29, 2012

Analysis: Lower prices, deals with allies strain PDVSA finances

CARACAS (Reuters) – Venezuela’s state oil company PDVSA PDVSA.UL was not paid directly for almost half the crude it pumped last year due to preferential deals with foreign allies, putting more pressure on its finances amid declining prices and heavy local subsidies.

A Reuters analysis of figures published by PDVSA last month, the fiscal motor of President Hugo Chavez’s socialist policies, show it was not paid directly for 43 percent of its barrels of crude and oil products in 2011. That left it delaying payments to suppliers and putting parts of its own investment plans on hold.

Apr 17, 2012

Venezuela PDVSA’s 2011 net profit rises 42 pct

CARACAS, April 17 (Reuters) – Net profit at Venezuela’s
state oil company PDVSA leaped 42 percent to $4.49 billion last
year, helping it double its funding of President Hugo Chavez’s
government programs to almost $50 billion, the company said on
Tuesday.

Chavez is seeking a new six-year term in Oct. 7 elections
and has been leaning increasingly heavily on PDVSA, which is one
of the world’s biggest energy companies and functions as the
financial motor of his socialist “revolution.”

Apr 14, 2012

Chavez vows to knock out rivals at Venezuela poll

CARACAS (Reuters) – Feisty Venezuelan President Hugo Chavez acknowledged on Friday that radiation treatment for cancer was wearing him down, but he vowed to squash his opponents in October’s presidential election.

Ramping up the political rhetoric at a huge rally to mark the 10th anniversary of his return to power after a brief coup, Chavez said three sessions of radiation therapy in Cuba had taken their toll.

Apr 12, 2012

Attacks on diplomats highlight Venezuela crime woes

CARACAS (Reuters) – Found wandering injured in a small town before dawn, the Costa Rican attaché was the latest victim of kidnappers who have seized several diplomats and underscored the scale of Venezuela’s crime problem.

As President Hugo Chavez seeks re-election in October, the debate about who is blame for the unusual wave of attacks – at least four foreign envoys have been abducted in Caracas in less than sixth months – has quickly escalated to serious allegations.

Apr 10, 2012

Kidnapped Costa Rican diplomat freed in Venezuela

CARACAS (Reuters) – A Costa Rican diplomat kidnapped last weekend and held for ransom in the latest attack on foreign envoys in Venezuela was released on Tuesday and is in good health despite having suffered a blow to the head, authorities said.

Several abductions in the past few months have worried the diplomatic community and underlined Venezuela’s high crime rate – the top concern of voters during an election year.

Apr 10, 2012

Costa Rica diplomat is latest Venezuela kidnap victim

CARACAS (Reuters) – Gunmen have kidnapped a Costa Rican diplomat and are holding him for ransom in the latest high-profile abduction to rock crime-plagued Venezuela during an election year, officials said on Monday.

The diplomatic community in the South American nation has been targeted in several attacks in recent months, underlining the rampant insecurity that mostly affects Venezuelans and which voters say is their biggest concern as President Hugo Chavez seeks a new six-year term.

    • About Daniel

      "Daniel used to work for The Times newspaper and PA News agency in London before joining Reuters in 2003. Since then he has reported on political, general and economic news from across east Africa, Iraq and Latin America."
    • Follow Daniel