Venezuela:Mortgaging Another$4B Of Oil Exports To China
July 24th, 2014
Via Quartz, a report on another oil related transaction between Venezuela and China: The bigger the oil deal, the bigger the portrait. Chinese president Xi Jinping pledged $4 billion in loans to Venezuela while visiting president Nicolás Maduro this week. The agreement will raise Caraca’s existing debts to Beijing by almost 25%, to over $20 billion—money that the country […]
Read more »Venezuela’s Oil Infrastructure
April 9th, 2014
Courtesy of STRATFOR (subscription required), a look at Venezuela’s oil infrastructure: With the late 20th century discovery of the bitumen deposits of the Orinoco Petroleum Belt, Venezuela is home to two major oil producing regions and more than 200 billion barrels of proven oil reserves. After decades of development, the wells of the Maracaibo region, […]
Read more »Venezuela’s New Economic Tool
March 26th, 2014
Courtesy of STRATFOR (subscription required), a detailed look at Venezuela’s new foreign exchange tool implemented on 24 March – the Sicad II: The new foreign exchange mechanism implemented by the Venezuelan government March 24 probably will relieve some of the demand for foreign currency, but it is only a short-term solution. The new mechanism, referred […]
Read more »The Great Venezuelan Oil Bust
February 10th, 2014
Via the Globe and Mail, an interesting look at Venezuela’s petroleum industry: When Venezuelan oil minister Rafael Ramirez recently announced an ambitious new target of six million barrels per day by 2019, the state-run press heralded the imminent expansion of an industry vital to the country’s health. But people here heard the news and rolled […]
Read more »What Is Goldman Sachs Doing With Venezuela’s Gold?
November 26th, 2013
Via Bloomberg, an interesting article on a report that that Venezuela’s Central Bank and Goldman Sachs are ready to sign an agreement to swap or exchange international gold reserves with a start date in October 2013 until October 2020: A while back Greece had a problem. The problem was that it wanted to borrow more […]
Read more »China’s Venezuela Exposure
October 29th, 2013
Via The Dipomat, a report on China’s engagement with Venezuela: The visit of Venezuelan President Nicolás Maduro to China last month was, on the face of it, a cause for quite a bit of relief for Beijing. After all, strong Beijing ally Hugo Chavez had only passed away in March, and there was some concern […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.