The Cardón refinery, Venezuela's second-largest with a capacity of 310,000 barrels per day, shut down after a power outage ...

Venezuela’s president orders creation of new state and map including land from ... The country is set to surpass the oil production of Venezuela, long dependent on its own oil reserves, ...

In an interview with Invezz, Aldo Contreras, a Venezuelan specialist in International Economic Relations and Former President ...

The once-booming oil industry — the country is home to the world’s largest proven reserves — has been crippled by outdated infrastructure, chronic mismanagement and U.S. sanctions. Advertisement ...

Venezuelans on Sunday for the first time elected a governor and other lawmakers for Essequibo, an oil-rich region that Venezuela has laid claim to even though it is widely recognized as being part ...

Introduction. Venezuela, home to the world’s largest oil reserves, is a case study in the perils of becoming a petrostate. Since it was discovered in the country in the 1920s, oil has taken ...

Venezuela’s president ordered the creation of a new state called “Guayana Esequiba” on Tuesday, following a controversial Sunday referendum which saw Venezuelan voters approving the ...

Venezuelans on Sunday for the first time elected a governor and other lawmakers for Essequibo, an oil-rich region that Venezuela has laid claim to even though it is widely recognized as being part ...

Venezuela’s president ordered the creation of a new state called “Guayana Esequiba” on Tuesday, following a controversial Sunday referendum which saw Venezuelan voters approving the ...

By Osmary Hernández, Fernando Almánzar and Mia Alberti, CNN (CNN) — Venezuela’s president ordered the creation of a new state called “Guayana Esequiba” on Tuesday, following a ...