Investing in Venezuela

RECENT NEWS
Reuters  Oct 10  Comment 
Venezuela wants OPEC to hold an emergency meeting to arrest the slide in oil prices, Foreign Minister Rafael Ramirez said on Friday, the first member of the cartel to formally call for action ahead of next month's gathering.
Benzinga  Oct 10  Comment 
ConocoPhillips (NYSE: COP) today announced it has filed for arbitration under the rules of the International Chamber of Commerce (ICC) against Petroleos de Venezuela (PDVSA), the Venezuela state oil company, for contractual compensation related to...
New York Times  Oct 10  Comment 
The country’s economy is struggling, as is its once-booming government-run oil monopoly, Petroleos de Venezuela, or Pdvsa.
Wall Street Journal  Oct 10  Comment 
A World Bank court awarded Exxon Mobil $1.6 billion in its case against the Venezuelan government over assets expropriated in 2007.
Yahoo  Oct 9  Comment 
Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA [PDVSA.UL] said on Thursday. Earlier, the...
Financial Times  Oct 9  Comment 
Venezuela’s finance minister tweets that socialist government paid $1.5bn government bond
Clusterstock  Oct 6  Comment 
Prices in Venezuela keep going up and up. The annual inflation rate soared to 63.4% in August, according to the latest figures published by the central bank.  Meanwhile, the country is plagued by food and good shortages and the local currency,...
Wall Street Journal  Oct 6  Comment 
Holcim said it will continue to pursue a final payment of roughly $100 million from Venezuela after the country’s government failed to complete compensation payments related to the nationalization of the Swiss cement company’s operations in...




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