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Venezuela signed a strategic alliance Wednesday with South Korean electronics giant Samsung, agreeing to jointly produce consumer electronics and major appliances after a week of raids on retailers and the emptying of store shelves by consumers
Venezuela will keep its foreign currency control to protect international reserves, Venezuelan Oil and Mining Minister Rafael Ramirez said Thursday. The foreign currency control system implemented in 2003 has helped the country prevent capital
He said that in the other two fields, whose reserves total just over 1 trillion cubic feet, "the technical part has been concluded" and only the "legal part" was pending before the development phase could begin. Ramirez added that the two countries
Summarizing a report to be given on Monday, Rafael Ramirez said the August 2012 blast that killed more than 40 people and paralyzed the 645,000 barrel-per-day plant came from a suspicious quick release of gas rather than a gradual leak. "The
El Centro Internacional para la Resolucion de Disputas de Inversiones en Washington sostuvo en su sentencia que Venezuela "incumplio su obligacion de negociar de buena fe". La corte aun no habia determinado la deuda de Venezuela con ConocoPhillips.
The sprinting suspect's speed was no match for Vega and Ramirez's quickness on their Raleigh police bikes. They easily overtook the man and put him in handcuffs, arresting him for smashing a window on a city bus. That episode demonstrated the latest
Investments between Russian energy company Rosneft and its Venezuelan partner envision at least $5 billion in one area alone, Venezuela's oil minister said. Russian energy company Gazprom to sink $1 billion into the Petrozamora joint oil venture in
A $2 billion investment in onshore oil developments in Venezuela will help a recovery in production levels, Venezuelan Oil Minister Rafael Ramirez said...The investments target joint venture Petroboscan, formed to operate the Boscon oil field in
CEO Rafael Ramirez and Chevron Africa and Latin America president Ali Moshiri signed the agreement Monday in Caracas. The funds will be used by Petroboscan, which is located in western Venezuela, to increase production from 107,000 barrels per day (
State energy company Petroleos de Venezuela and Russian energy company Rosneft signed an agreement for a joint venture for Venezuelan operations...Ramirez added that additional work was planned in the Gulf of Venezuela...It said it would extend a $1.