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12.08.26 - 19:33
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Venezuela & Israel Restore Consular Ties After 17 Years Of No Diplomatic Relations (ZeroHedge)
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Venezuela & Israel Restore Consular Ties After 17 Years Of No Diplomatic Relations
Venezuela and Israel have agreed to restore consular relations, in a major historic shift, following the US orchestrated overthrow of longtime leader Nicolas Maduro back in January.
Interim President Delcy Rodriguez, who was Maduro's VP, is at the head of a state system that is still fundamentally the same - which can be summed up as Chavismo Socialism - except the government now serves to do Washington's bidding from opening up oil access to foreign policy realignment.
via Reuters
This external realignment has been seen most on the world stage on issues where Caracas was once among the most outspoken Global South countries condemning 'Western hegemony'.
Venezuela's minister of foreign relations, Felix Plasencia Gonzalez, announced on X on Tuesday: "The Governments of the Bolivarian Republic of Venezuela and the State of Israel report that they have agreed to continue bilateral technical cooperation...
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03.08.26 - 10:51
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Trump′s Venezuela Oil Push Hits A Roadblock (ZeroHedge)
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Trump's Venezuela Oil Push Hits A Roadblock
Venezuela's long-awaited oil revival has been slower than many in Washington anticipated., according to the Wall Street Journal.
Seven months after Nicolás Maduro's removal, negotiations between the interim government and major U.S. energy companies remain bogged down, with no landmark investment deals despite the country's vast crude reserves.
Rather than rushing back into the country, firms such as ExxonMobil and Chevron are taking a cautious approach. Executives remain wary of Venezuela's history of nationalizing foreign assets, unresolved compensation disputes dating back to the Chávez era, and lingering political uncertainty. As Francisco Monaldi of Rice University's Baker Institute put it, "They have been burned twice," making boards reluctant to approve multibillion-dollar projects unless the opportunity is exceptionally attractive.
Photo: WSJ
WSJ writes that competition has also complicated negotiations. Several companies ar...
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