Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned Petroleos de Venezuela (PDVSA) while pocketing part of the proceeds, six people with knowledge of the talks told Reuters news agency.
Nicolas Maduro extended his grip on power on Tuesday as the governing socialist party prepared to assume the leadership of Venezuela’s congress, the last institution in the country it did not already control. Maduro’s allies swept legislative elections last month boycotted by
The Trump administration imposed sanctions on a judge and prosecutor for the conviction of six American oil executives. The Trump administration has imposed sanctions on the Venezuelan judge and prosecutor behind the conviction on corruption charges of six American oil executives. The
In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It was a major escalation of American attempts to choke off Venezuela’s oil trade. Within weeks, a little-known company based in the United Arab
Maduro’s Socialist Party-led alliance wins 67 percent of National Assembly seats in polls boycotted by the opposition parties. President Nicolas Maduro has seized total control of Venezuela’s political institutions with a sweeping victory in legislative elections that were boycotted by the main
The vote, contested by about 14,000 candidates, comes with the country in a deep political and economic crisis. Polls opened on Sunday in legislative elections set to tighten Venezuelan President Nicolas Maduro’s grip on power and weaken his US-backed rival, Juan Guaido,