Venezuela has approved one of the most far-reaching reforms of its oil industry in over two decades, marking a dramatic shift away from strict state control and opening the door for greater private and foreign participation. The National Assembly passed the amended hydrocarbons law in a final vote this week,…
Tag: #Venezuela
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Delcy Rodriguez Consolidates Power in Venezuela
In the aftermath of the US seizure of Venezuelan President Nicolas Maduro, interim President Delcy Rodriguez has moved swiftly to consolidate her authority. Over the past 12 days, Rodriguez has installed loyalists in critical government and military positions to shield herself from internal threats, particularly from Interior Minister Diosdado Cabello….
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Trump Claims U.S. Will Get Venezuelan Oil After Maduro Raid
U.S. President Donald Trump has announced that the United States will receive between 30 and 50 million barrels of Venezuelan oil at prevailing market prices, following a dramatic U.S. military operation that led to the capture of Venezuelan leader Nicolás Maduro. The claim, made through Trump’s social media platform Truth…
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China’s JY-27 Radar Fails in Venezuela During US Raid
The dramatic US military operation that led to the capture of Venezuelan President Nicolás Maduro has triggered intense global scrutiny of Venezuela’s air defence capabilities, particularly the performance of Chinese-supplied JY-27 “anti-stealth” radar systems. Defence analysts now question whether the much-hyped Chinese radar lived up to its claims after US…