Posts Tagged ‘chavez’

Venezuela sees supermajor rulings in late 2013

by on November 8, 2012 7:20 pm BST
Of more than 20 cases against Venezuela at the World Bank and the International Chamber of Commerce's panels, the biggest involve Conoco and ExxonMobil, which are seeking some $40 billion between them, Reuters reported.Both companies filed for arbitration after Chavez ordered foreign firms to slash their stakes in production and

FOREX-Dollar hits 6-month peak vs yen, three-week high vs euro

by on November 2, 2012 1:44 pm BST
Fri Nov 2, 2012 9:44am EDT * Euro still pressured by Greek woes * U.S. economy adds 171,000 jobs; unemployment rate 7.9 pct * Overall good jobs picture, but economy needs more-analyst By Gertrude Chavez-Dreyfuss NEW YORK, Nov 2 (Reuters) - The dollar climbed to a more than six-month peak against the

Oil-rich Venezuela re-elects Hugo Chavez

by on October 8, 2012 8:52 am BST
The opposition lost out on what analysts called their best chance at unseating Chavez in 14 years, although the populist leader saw a narrower margin of victory, Reuters has reported. He claimed 54% of the vote to Democratic Unity coalition candidate Henrique Capriles’ 50% with 90% of the votes counted, as

PDVSA says six Orinoco projects will start pumping this year

by on September 6, 2012 2:18 am BST
The first project to begin producing will be Petromacareo, Reuters reported Rubén Figuera (the PDVSA executive in charge of the Orinoco belt) saying. This project is a joint venture between PDVSA and Vietnamese oil company, Petrovietnam.Following Petromacareo, will be projects with Italian, Russian, Spanish, and American oil companies, Reuters