Venezuela’s Vice President for Economy outlined an extractive-sector-led growth strategy at IMF meetings in Bangkok, projecting 5% GDP growth for 2026 and 7% for 2027 while facing 467.9% inflation. The plan targets reinvestment of petroleum and mining revenues into long-neglected infrastructure sectors and positions the country for debt restructuring negotiations as it reintegrates into international […]
The World Bank is structuring a potential $5 billion financing envelope for Venezuela over two years, with an initial $500 million water and electricity operation already identified. Disbursement hinges on Caracas clearing over $2 billion in arrears with the Inter-American Development Bank and settling obligations with CAF, marking the institution’s return after a 21-year lending
The proposal to exchange Venezuelan natural gas for Colombian electricity reflects deepening binational energy coordination as both nations seek to address structural deficits. Implementation hinges on diplomatic agreements, legal frameworks, and infrastructure investment, with key projects already under formal review by Colombia’s energy ministry. Luis Alberto Russián, president of the Venezuelan-Colombian Economic Integration Chamber (Cavecol),
Venezuela’s government is negotiating 44 new oil sector agreements that would bring its total energy deals to 105 within a year, signaling an aggressive push to expand petroleum partnerships despite lacking public details on counterparties or terms. The announcement coincides with official claims of 8% production growth and broader economic stabilization following June earthquakes and
Venezuela’s National Electric System faces a structural shortfall of nearly 3,700 megawatts between available generation and peak demand, forcing prolonged daily blackouts across most of the country. With thermal backup depleted and the Guri hydroelectric complex carrying 80 percent of the load on aging turbines, experts warn the crisis will persist for years absent comprehensive
U.S. refineries received 701,000 barrels per day of Venezuelan crude in July 2026, the highest monthly volume since 2017 and five times the December 2025 average of 137,000 bpd. The acceleration follows the January 3 capture of Nicolás Maduro and precedes a major August development agreement covering 17 oil fields. With Venezuelan crude arriving at
Venezuela’s government plans to add 7,400 MW to its national grid over the medium term through agreements with U.S.-based General Electric and Argentina’s Impsa, while Parliament prepares legislation enabling private sector participation in power generation, transmission and distribution. The announcement comes as daily protests over 16-hour blackouts intensify across the country, testing the government’s capacity
Venezuela’s interim president Delcy Rodríguez announced a forthcoming reform of the National Electric System Law that will open electricity generation, transmission and distribution to private sector participation, marking a significant shift in the country’s energy policy. The reform comes as the government expects to add 7,400 megawatts to the grid through agreements with General Electric
Venezuela’s Ministry of Hydrocarbons and BP Exploration Caribbean Limited are advancing technical planning for the Cocuina gas field with a 2027 operational roadmap now under review. The work program encompasses subsurface studies, drilling proposals and basic engineering for production and collection infrastructure in the transboundary Block 4 of the Deltana Platform, signaling progress on a
