Venezuela’s Dictator Maduro is Shameless

(Miami Herald, 16.Jun.2023) — It’s official: The Venezuelan regime will pick a new electoral tribunal to oversee the 2024 presidential elections, and — guess what! — its members will be effectively picked by none other than dictator NicolĂĄs Maduro’s wife.  The dictatorship apparently decided to rig next year’s elections ahead of […]

NRGBriefs: Marathon’s Equatorial Guinea Output; Murphy on Brazil and Mexico

(Energy Analytics Institute, 4.May.2022) — Energy and political briefs including Marathon Oil reporting 1Q:22 production from Equatorial Guinea of 64 net Mboe/d; the US providing over $6mn in additional humanitarian assistance to support Venezuelan refugees and migrants, and their host communities in Chile; and US Department of State Assistant Secretary […]

NRGBriefs: Juan Guaidó Reiterates Call For “Free and Fair” Elections in Venezuela

(Energy Analytics Institute, 17.Mar.2022) — Energy briefs including Venezuela’s opposition leader Juan GuaidĂł saying the solution to the Venezuelan tragedy is “free and fair” elections; Uranium Energy Corp (NYSE American: UEC) reporting in accordance with NYSE American requirements its Form 10-Q; and Trilogy Metals Inc. (TSX: TMQ) (NYSE: TMQ) announcing the 4th […]

US Extends Citgo Protection

(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela’s state-owned oil company PDVSA, from being seized by creditors, the department said. The Houston-based company has been controlled by parties opposed to the government of President Nicolas Maduro since […]

NRGBriefs: Buenos Aires Power Outages

(Energy Analytics Institute, 3.Jan.2022) — Energy briefs including power outages in Buenos Aires, Argentina; Brazilian fuel distributors supplying 1.3bn liters of biofuels in the 1Q:22; Venezuela’s opposition-led National Assembly deciding to back Juan GuaidĂł for another yr; and more. LATIN AMERICA AND THE CARIBBEAN Argentina — Residents in various sectors […]

Venezuela Asset Debacle Splits GuaidĂł Camp

(Argus, 2.Nov.2021) — Two major Venezuelan opposition parties today voted against a decree issued by US-backed shadow parliamentary leader Juan GuaidĂł, an unprecedented rupture that foreshadows the expiry of his constitutional claim to an interim presidency in January 2022. Decree number 38, which GuaidĂł first presented in early October, called for […]

Venezuela Talks Suspended In Mexico City

(AP, 24.Sep.2021) — The latest round of negotiations between Venezuela’s government and the country’s opposition were suspended Friday when the government’s delegates failed to appear in Mexico City. Two sources tied to the process confirmed that the first session of this round of talks had been suspended. They hoped to […]

Venezuela Negotiations By Eric Farnsworth

(AS/COA, 12.Aug.2021) — A new round of negotiations is set to start on Friday, August 13, in Mexico between representatives of the de facto regime of NicolĂĄs Maduro and the interim administration of Juan GuaidĂł. This is not the first time negotiations have been attempted, and expectations for meaningful democratic progress are modest. AS/COA Vice President Eric Farnsworth breaks down […]

LatAm Briefs: Argentine Output, Colombian Renewables

(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s NeuquĂ©n region to 13 renewable projects identified by Colombia’s Ecopetrol and more. Argentina — Daily production in Argentina’s NeuquĂ©n region reached a record 193,000 barrels per day, the highest volume […]

Trump Hits Venezuela With Sanctions

(AP, 19.Jan.2021) — The Trump administration issued a parting shot at Venezuelan President NicolĂĄs Maduro on Tuesday, announcing a sweeping round of stiff financial sanctions that target a network accused of moving oil on behalf of the president’s alleged frontman. In a sign of future U.S. policy toward Venezuela, President-elect […]

Judge Approves Citgo Parent Share Sale

(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process for shares of its controlling company to pay off the country’s international debts. The court will move forward with the process of selling shares of […]

EU, Lima Group Sour On Juan Guaido

(Argus, 6.Jan.2021) — The EU and the Lima Group of Latin American countries and Canada have implicitly dropped support for Venezuelan opposition leader Juan Guaido as Venezuela’s interim president, portending a policy shift in Washington as well. The EU now views Guaido and the opposition-led “outgoing” National Assembly as just […]

Venezuela’s New National Assembly Steps In

(Energy Analytics Institute, 5.Jan.2021) — Venezuela’s new National Assembly, elected in parliamentary elections on 6 December 2020, assumed power today in Caracas. Jorge Rodriguez will take over as the leader of the assembly, after unseating former assembly leader Juan Guaido, whose party boycotted the 6 December vote as they perceived […]

Venezuela’s New Assembly To Battle Sanctions

(Argus, 7.Dec.2020) — Venezuela’s National Assembly elections yesterday thrust the Opec country’s last democratic institution under the thumb of President Nicolas Maduro, who has defied US oil sanctions for close to two years. The US-backed opposition led by Juan Guaido boycotted the elections, and abstention was estimated at around 80pc. […]

Venezuelans Vote In Legislative Election

(Al Jazeera, 6.Dec.2020) — Venezuelans voted on Sunday in legislative elections set to tighten President Nicolas Maduro’s grip on power and weaken his US-backed rival, Juan Guaido, who is leading a boycott of the polls he calls a fraud. Victory will give Maduro’s governing Socialist Party control of an expanded […]

Dems Statement Ahead Of Elections In Venezuela

(US Senate, 4.Dec.2020) — US Senate Foreign Relations Committee Ranking Member Bob Menendez (D-N.J.) and Senate Democratic Whip Dick Durbin (D-Ill.) issued the following statement denouncing the Maduro regime’s sham elections scheduled to take place on Sunday, December 6. “For nearly two years, world leaders have stood in solidarity with […]

Latin America Peers Warily Into US Election Mirror

(Argus, 30.Oct.2020) — The region’s recovery from Covid-19 will depend heavily on who is dictating US policy, writes Patricia Garip. Waves of political chaos that recurrently engulf Latin America were not supposed to wash up on stable US shores. Yet days before the 3 November election, the US is convulsed […]

Citgo-backed Bonds Boosted By US Court Ruling

(Reuters, 19.Oct.2020) — Bond market brokers marked up prices on some of Venezuela’s battered debt more than four-fold on Monday after a U.S. judge dealt a major blow to opposition leader Juan Guaido’s efforts to have them declared invalid. The bonds at the centre of the row belong to Venezuelan […]

Maduro Pardons Political Prisoners Ahead Of Vote

(Bloomberg, 31.Aug.2020) — Venezuela’s President Nicolas Maduro issued a surprise decree pardoning more than 100 of his opponents as a concession ahead of upcoming congressional elections. Former National Assembly Vice President Freddy Guevara and Roberto Marrero, opposition leader Juan Guaido’s chief of staff, are among more than two dozen lawmakers […]

New Players Emerge In Venezuela Amid Sanctions

(AP, 13.Jul.2020) — As U.S. sanctions scare away the world’s largest shippers from Venezuela’s oil industry, new players are willing to brave the heightened risks and help keep socialist leader Nicolas Maduro afloat, according to a new report. In the first year since the Trump administration imposed crushing economic sanctions […]

Politics Entangling Exile PdV Board

(Argus, 1.Jul.2020) — An “ad hoc” board of state-owned PdV that is a key part of US-backed opposition leader Juan Guaido’s parallel administration is running into political resistance in the run-up to National Assembly elections in early December. Ten deputies in the opposition-controlled assembly withheld support for three board appointments […]

Russia Backs Venezuela In Fight Against US

(Newsweek, 24.Jun.2020) — Russia vowed to support Venezuela in its campaign to counter U.S.-backed regime change after the Pentagon sailed warships nearby in the Caribbean to challenge the Latin American country. On Wednesday, Russian Foreign Minister Sergey Lavrov called Venezuela his country’s “reliable friend both in Latin America and in […]

Guaido Team Favoring COP In Citgo Fight

(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government’s leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV’s US refining unit Citgo. Jose Ignacio Hernandez, who held the title of special attorney general in opposition leader Juan Guaido’s US-backed exiled […]

Opposition Asks Court To Recognize Citgo Changes

(Argus, 18.Jun.2020) — Venezuelan ownership of the country’s most valuable overseas asset may rest on opposition leadership convincing a US court that it restored refiner Citgo’s independence and remains a US foreign policy priority. Attorneys for Venezuela’s US-recognized opposition government argued yesterday that National Assembly leader Juan Guaido halted actions […]

Guaido Team Promises Fuel Surge In Venezuela

(Argus, 8.Jun.2020) — Venezuela’s US-backed political opposition is promising to restore stable fuel supply in two weeks if it takes power, kicking off with crude-for-products swaps. In an initial stage, such swaps would be carried out with Citgo, the US refining arm of Venezuela’s US-sanctioned national oil company PdV. Gasoline […]