Malaysia's Petronas to PDVSA: Buh-bye
Malaysia’s Petronas is withdrawing from the Petrocarabobo oil fields in the Orinoco Heavy Oil Belt, citing irreconcileable differences with the government. The money quote from the Reuters piece:...
Economy
What a Venezuelan State-owned 5-star hotel looks like...
I’ve written before about the State-owned Venetur hotel chain, but thanks to this report from Peru’s Panamericana TV, we can see the current conditions inside one of its...
No good faith
The World Bank’s ICSID Arbitration Panel ruled a few days ago that Venezuela lacked “good faith” and did not adequately compensate ConocoPhillips for the seizure of the latter’s...
I-guana blame the right wing for this
A super-massive blackout is currently hitting large chunks of Venezuela. Surprised? Probably not. But Nicolás Maduro sure is surprised. The President has gone to Twitter to call the...
Visiting a public hospital? Bring your own hammock
The board of the Enrique Tejera Hospital in Valencia will now formally allow relatives of patients to bring hammocks, so they can sleep inside its premises at night....
The phantom bike menace
We’ve been hearing as of late that SICAD dollar auctions were being used as stopgap measures to avoid scarcity for particularly sensitive items. For example, many SICAD dollars are...
Golden Oldies
And so, one year on, the Winner in the Amuay Explosion Excuse Category, mención Transparently-Fabricated-but-Damnit-We’re-Sticking-With-Our-Story is… [envelope-rustling…] Sabotage! Well how about that! No surprise here, folks: Sabotage was the hot...
The fate of Lácteos Los Andes, cont.
Back in April, State-owned dairy Lácteos Los Andes was in pretty critical shape, according to its workers. Almost four months later, it got worse. Company-staff held a protest on...
Nineteen Eighty-Four on the Cheap
Damian Pratt takes a moment to commemorate the one year anniversary of that epic cadena in Caruachi last year – you remember, the one where Chávez’s handpicked audience...
Jesse Chacón's report card
Shortly after taking office as the new Electricity Minister, Jesse Chacón made a big pledge: he would resign from his post if his 100-day plan did not achieve...
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