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Gas flares and leaking pipelines from Venezuela’s once-booming oil industry, hobbled by U.S. sanctions and mismanagement, are polluting towns and a major lake. Credit... Supported by By Isayen ...
And counterintuitively, even though Venezuela’s oil industry is in decline as I mentioned in the intro, its flaring has gone up. The country hasn’t been able to spend the money to collect and ...
One reason for the decline of Venezuela’s oil industry is that many countries — including the U.S. — have placed various sanctions on Venezuela over the years. Most recently, the Trump ...
Across Venezuela’s once-thriving oil industry, environmentalists say rusty pipelines and storage tanks routinely leak contaminants into the ground. Frequent spills stain the mangroves of ...
After years of falling oil production amid the country's worst economic crisis in history, Venezuela is resurrecting its beleaguered petroleum industry. The country is now producing 850,000 ...
The collapse of Venezuela’s once prolific oil industry has triggered an economic and humanitarian crisis that accelerated in 2019 after U.S. President Donald Trump implemented strict sanctions ...
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Venezuela's damaging dependence on its oil industryAs Venezuela's opposition contests the re-election ... has underlined issues with wealth inequality and dependence on the oil sector. In addition, Caracas is carrying a massive foreign debt ...
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Venezuela’s Oil Production Declines Amid Sanction ThreatsVenezuela’s oil production took a hit in November, continuing a troubling trend as the country’s oil industry faces major challenges. According to a recent report from OPEC (Organization of ...
The U.S. government last year granted a broad license to Venezuela's oil industry allowing PDVSA to freely export to its chosen markets, which triggered increased demand for Venezuela's oil and ...
Even as it battles to get its petroleum industry back on track, Venezuela has upped the ante on a border row with neighbor Guyana over an oil-rich region in which huge reserves have been discovered.
Venezuela's government is increasing taxes and public service fees on the private sector to alleviate some of the fiscal ...
the latest high-profile detention connected to management of Venezuela's sanctioned oil industry. In a statement on Instagram, Saab said Tellechea had been arrested in the early hours of Sunday ...
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