Caracas – BOL News Staging

Venezuela and Chevron signs oil contract in Caracas

December 3, 2022 by Aimen Siddiqui

Venezuelan oil minister Tareck El Aissami was slapped with United States sanctions in 2017. Chevron will celebrate its 100th anniversary in Venezuela in April 2023. Any revenues made will be used to pay off Chevron’s debt rather than the Maduro government. The Venezuelan government and American oil company Chevron signed a contract in Caracas on … Read more

Venezuela creeps out of hyperinflation, but no one feels it

January 15, 2022 by Muhammad Zubair

CARACAS: Economists say that Venezuela has come out of a four-year cycle of hyperinflation, but citizens like pensioner Humberto Reco are still waiting to see the evidence. The crisis-wracked South American country ended 2021 with inflation of 686 per cent, according to the central bank, meaning the end of a period of hyperinflation that began … Read more

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