Tag: Venezuela

Venezuela’s opposition has won an important symbolic battle in securing the governorship in Barinas State, but analysts say they are still losing the broader political war with government forces. On the home turf of the oil-rich country’s late leader, Hugo Chavez, opposition candidate Sergio Garrido late on Sunday defeated the governing socialist party’s Jorge Arreaza, who served […]

Venezuela this year almost doubled its oil production from last year’s decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela, known as PDVSA, won help from small drilling firms by rolling over old debts and later obtained steady supplies of a key […]

Venezuelan President Nicolas Maduro’s United Socialist Party of Venezuela and its allies have won big in regional elections participated by the opposition for the first time in four years. Sunday’s vote for governors and mayors across the South American country, which was overseen by European Union observers, was widely seen as a political weather vane for a […]