02:41 PM


Production at Venezuela's steelmaker Sidor down 13.3% from 2013

Estimated production at Sidor hits 30% of its installed capacity (File photo)
The state-run steelmaker total production of liquid steel this year will total 1.3 tons
01:30 PM


Venezuela's Pdvsa warns about "difficult times" in the oil market

Venezuela requested a meeting with non-OPEC countries (File photo)
"Hard times are coming; difficult times in the oil market. We are prepared for the worst case scenario," said the President of state-run oil holding Petróleos de Venezuela (Pdvsa), Eulogio Del Pino in an oil conference in Margarita Island
11:49 AM



The gov't had ruled out its sale

Venezuela sets final Citgo bids for December

Pdvsa hired investment bank Lazard Ltd to manage the sale of Citgo (...)
The three Citgo's US refineries, a subsidiary of state-run company Petróleos de Venezuela (PDVSA) have combined capacity of some 750,000 barrels per day (bpd), plus oil 48 terminals, which could total as much as USD 10 billion
11:17 AM


Venezuela's public sector foreign assets total USD 16 billion

Barclays warned against concern over slow progress of oil projects
10:48 AM


Single forex rate could fix economic mismatch in Venezuela

Correcting the foreign exchange rate would improve cash flow (File (...)
An expert estimates inflation in 2015 at 140%