Venezuela begins selling oil-backed cryptocurrency
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela formally launched its new oil-backed cryptocurrency yesterday in an unconventional bid to haul itself out of a deepening economic crisis.The leftist Caracas government put 38.4...

Venezuela's digital coin petro makes debut
Jamaica Gleaner

Venezuela on Tuesday became the first country to launch its own version of bitcoin, a move it hopes will provide a much-needed boost to its credit-stricken economy.Officials say the so-called petro is backed by...

The danger in what others wish for in Venezuela
Jamaica Gleaner

A few days ago, the International Energy Agency reported that oil production in the United States was undergoing extraordinary growth.The OECD-related body for net importers of oil said that the increase meant that US...

Venezuelans 'loot to eat' amid economic tailspin
Jamaica Gleaner

The cab of Carlos Del Pino's big rig gave him a nerve-rattling front-row seat to a surge in mob attacks on Venezuela's neighbourhood markets, cattle ranches and food delivery trucks like his. Shortly after pulling away...

Valentine's Day a rosy opportunity for jobless Colombians
Jamaica Observer

TABIO, Colombia (AFP) — Valentine's Day is a crazy rush for Colombia, one of the biggest flower exporters in the world, resulting in huge demand for labour in greenhouses near Bogota.That's how Rubiela Mendez and...

Rowley talks energy with industry leaders
Trinidad Guardian

A number of energy industry leaders met with Prime Minister Keith Rowley at the Office of the Prime Minister yesterday. According to a media release on the meeting, the Prime Minister "received an update on Shell’s...

Rowley talks energy with industry leaders
Trinidad Guardian

A number of energy industry leaders met with Prime Minister Keith Rowley at the Office of the Prime Minister yesterday. According to a media release on the meeting, the Prime Minister "received an update on Shell’s...

Tillerson says US considering Venezuela oil sale restrictions
Trinidad Guardian

BUENOS AIRES, Argentina — US Secretary of State Rex Tillerson said that the US is still considering restricting the sale of oil from crisis-torn Venezuela. Tillerson said in Argentina's capital that the U.S. wants...

Government 'aggressive' on Petrojam refinery takeover
Jamaica Observer

Government plans to own the Petrojam refinery in its entirety by buying the 49 per cent stake currently owned by Petroleos de Venezuela (PDVSA), the Venezuela State-owned oil company, according to a Bloomberg report on...

Venezuela says UN chief 'went too far' in Guyana border dispute
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela on Wednesday said that UN Secretary General “went too far” by referring a century-old border dispute with Guyana to the International Court of Justice (ICJ).Venezuela...

Venezuela prosecutor orders arrest of former state oil chief
Trinidad Guardian

CARACAS — Venezuela's chief prosecutor ordered the arrest of the former head of the state oil company yesterday, accusing him of bankrupting the downtrodden country's primary source of income. Officials also...

T&T, Venezuela near agreement on Energy
Trinidad Guardian

T&T and Venezuela have moved one step closer to finalizing the terms and agreement surrounding gas supply between the two countries. A release issued by the Office of the Prime Minister (OPM) yesterday said that a...

T&T, Venezuela near agreement on Energy
Trinidad Guardian

T&T and Venezuela have moved one step closer to finalizing the terms and agreement surrounding gas supply between the two countries. A release issued by the Office of the Prime Minister (OPM) yesterday said that a...

EU imposes sanctions on senior Venezuelan officials
Jamaica Gleaner

The European Union imposed economic and travel sanctions Monday on seven senior Venezuelan officials accused of human rights abuses or breaching the rule of law in the crisis-ridden country.The move comes after United...

Energy Conference 2018 kicks off today
Trinidad Guardian

The 2018 installment of the Energy Chamber's annual Energy Conference begins today at the Hyatt Regency hotel in Port-Of-Spain. The conference will run from the 22nd January to 24th January and attract leaders from across...

Energy Conference 2018 kicks off today
Trinidad Guardian

The 2018 installment of the Energy Chamber's annual Energy Conference begins today at the Hyatt Regency hotel in Port-Of-Spain. The conference will run from the 22nd January to 24th January and attract leaders from across...

Walter Molano | It's all about oil
Jamaica Gleaner

It's all about oilRiots in Tehran, political unrest in Saudi Arabia and chaos in Venezuela - all of these problems seem to have domestic explanations.Iranian experts point to rampant corruption, the effect of...

GOJ working on financing for Petrojam bid
Jamaica Gleaner

GOJ working on financing for Petrojam bidJamaica is yet to make its buy-out offer to Venezuela for its minority share of the Petrojam oil refinery, but is trying to tie down financing for the bid, the Ministry of Finance...

Economic crisis means tough start to 2018 for Venezuelans
Jamaica Observer

CARACAS, Venezuela (AFP) — Luis Briceno built up a small bottle branding business over the last 25 years, but in the maelstrom of Venezuela's economic crisis he and many like him are facing closure.“This new...

Crisis-wracked Venezuela turns for hope to broken factories
Jamaica Observer

CIUDAD GUAYANA, Venezuela (AP) — Juan Carlos Goite has to be creative, finding spare parts stripped from one broken-down locomotive to repair another in a desperate attempt to keep a once-thriving iron ore mining...

Crisis-wracked Venezuela turns to broken factories for hope
Jamaica Gleaner

Juan Carlos Goite has to be creative, finding spare parts stripped from one broken-down locomotive to repair another in a desperate attempt to keep a once-thriving iron ore-mining company...

Venezuelan president sheds light on proposed cryptocurrency
Trinidad Guardian

CARACAS — Venezuelan President Nicolas Maduro says the cash-strapped country has picked an oil field to back its proposed digital currency called the petro. Maduro's comments Wednesday on the proposed cryptocurrency...

Venezuelans see bitcoin boom as survival, not speculation
Jamaica Gleaner

In the last month, John Villar has bought two plane tickets to Colombia, purchased his wife's medication and paid the employees of his start-up business in Venezuela all in bitcoin.As Venezuela's national currency loses...

Guyana president confirms payment by ExxonMobil
Trinidad Guardian

GEORGETOWN, Guyana - Guyana President David Granger yesterday acknowledged that US-based oil giant, ExxonMobil had paid over US$18 million as a signing bonus to his government and that he had no intention of deceiving the...

Chinese firm sues PDVSA in US court
Jamaica Gleaner

Chinese firm sues PDVSA in US courtOne of China's biggest state-run conglomerates has sued a Venezuelan counterpart in a US court in a dispute over unpaid bills, a sign of Beijing's growing impatience with its South...

Venezuela creating digital currency amid financing crisis
Jamaica Observer

CARACAS, Venezuela (AFP) — Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced Sunday.The Petro will be backed by Venezuela's oil and gas...

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