RSSAuthor Archive for José Orozco

Under a portrait of 19th century independence hero Simon Bolivar, President Hugo Chavez of Venezuela (left) speaks through an interpreter with Zhang Guobao (right), the Chinese Director of the National Energy Administration and Vice Minister of the State Development and Reform Commission, on April 17, 2010, during the signing of an oil agreement at the Miraflores presidential palace in Caracas.

China’s Buying Spree: Venezuela – A Match Made in Globalization

CARACAS — Four years ago, when President Hugo Chávez delighted his Chinese hosts by announcing Venezuela would boost its crude oil exports to one million barrels a day by 2012, many industry analysts considered the plan a costly pipe dream.

Venezuelan President Hugo Chávez tours a Petróleos de Venezuela (PDVSA) facility with workers. The state-owned oil company has channeled revenue into social programs, apparently at the expense of exploration and production.

Outlook 2011: Venezuela Bogs Down in Recession

CARACAS — For South America’s leading oil producer, the steady rise in petroleum prices has failed to deliver economic recovery as so often in the past.

The Answers – Teodoro Petkoff

At 78, Teodoro Petkoff is no longer the revolutionary firebrand of his youth – yet he remains one of Venezuela’s most outspoken leftist figures and one of President Hugo Chávez’s most vocal opponents. The one-time guerrilla once escaped imprisonment by climbing out of his military hospital bed and using a rope to descend seven stories. [...]

Ask the Concierge: Gran Meliá in Caracas

Ask the Concierge: Gran Meliá in Caracas

Tips from concierge July Fonda at the Gran Meliá in Caracas, Venezuela. Fonda was born in Guayaquil, Ecuador but moved to Venezuela at the age of five. She started out five years ago as a receptionist at the Meliá, and has been a concierge at the hotel for nearly three years.

With Oil Prices on the Rise Venezuela Set to Rebound in 2010

With Oil Prices on the Rise Venezuela Set to Rebound in 2010

Now the nascent financial recovery in industrialized nations appears set to pull Venezuela’s oil-dependent economy out of its slump, keeping it from becoming collateral damage in the global meltdown.

Financier of the Year:  Enrique García – Banker to Latin America

Financier of the Year: Enrique García – Banker to Latin America

Banker to Latin America for more than three decades, Enrique García is an advocate of less government and a booster of private enterprise.

Social Responsibility CEO of the Year:  Lorenzo Mendoza – Compassionate Industrialist

Social Responsibility CEO of the Year: Lorenzo Mendoza – Compassionate Industrialist

Personal tragedy forged Lorenzo Mendoza’s values. When his father, Lorenzo Mendoza Quintero, died suddenly at age 55, his mother was forced to take over the family business, Empresas Polar. It helped prepare her son to take the helm of Venezuela’s largest food and beer producer 12 years later.

Is the Party Over for Venezuela’s PDVSA?

Is the Party Over for Venezuela’s PDVSA?

Venezuela claims to have 172 billion barrels of reserves, but some oil analysts peg the figure at 99 billion and are more concerned with PDVSA’s declining output.

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