Courtesy of STRATFOR (subscription required), a report on China’s support of a faltering deal between Venezuelan state-run oil company Petroleos de Venezuela (PDVSA) and Brazilian energy company Petroleos Brasileiros (Petrobras) over the Abreu e Lima refinery possibly as a way of tying Brazil to Venezuela, hobbling Brasilia’s ability to compete elsewhere. As the article notes: […]
Read more »Via The Financial Times, an interesting article on the tight relationship between Cuba and Venezuela” “…When Hugo Chávez recently took his third round of chemotherapy, the Venezuelan president opted to do so in Caracas rather than in Havana, where he had received previous treatments for his undisclosed type of cancer. For some, this was a […]
Read more »Via Celsias, a report that The Organization of Petroleum Exporting Countries, a notoriously conservative organization, has stated that Venezuela now has the world’s largest oil reserves, even exceeding those of OPEC’s top producer, Saudi Arabia. As the article notes: “…Oil production in Venezuela is under the control of the state-owned Petróleos de Venezuela, S.A. company, […]
Read more »Via Stratfor (subscription required), an interesting look at a new partnership between Petroleos de Venezuela (PDVSA) and Petroleo Brasileiro SA (Petrobras) to establish a joint-venture company to build and operate the Abreu e Lima refinery in northeastern Brazil’s Pernambuco state. As the article notes: “…Under the agreement, Petrobras will own a 60 percent stake in […]
Read more »Via Xinhua News, a report that Iran and Venezuela will launch a joint oil company with its headquarters based in Spain. As the article notes: “…Iran and Venezuela are establishing an oil company named Beniroug which allows us to make investments and activities in other countries, including Cuba, Sudan, China and Bolivia,” First Secretary for […]
Read more »Courtesy of Foreign Policy, an interesting report on Russian investment in Nicaragua and Venezuela, and some likely geopolitical quid pro quos. As the report notes: “…Nicaragua’s decision to legitimize Russia’s geopolitical adventures and recognize the independence of Abkhazia and South Ossetia was rather odd (I am still curious as to how many Nicaraguans were aware […]
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