Venezuela

Venezuela opposition leader Lopez gets nearly 14 years prison

Jailed Venezuelan opposition leader Leopoldo Lopez was sentenced to 13 years, nine months and seven days in prison, his lawyer Roberto Marrero said late Thursday.

Sep 11, 2015, 09:34 AM IST

Violent clashes erupt at trial of Venezuela opposition leader

Supporters of jailed politician Leopoldo Lopez and pro-government activists clashed on Thursday in Caracas outside his trial, as tensions spiked over an approaching verdict for Venezuela`s best-known imprisoned opposition leader.

Sep 11, 2015, 05:34 AM IST

Venezuela announces $5-bn Chinese loan for oil sector

Venezuelan President Nicolas Maduro announced China has granted his government a $5-billion loan to boost oil output in the recession-hit OPEC state.

Sep 02, 2015, 21:15 PM IST

Venezuela, Russia's Rosneft agree on $14 billion oil, gas investment

"We had a great meeting and agreed on investment of over $14 billion," said Maduro during a televised broadcast, adding the funds would go towards doubling Venezuela`s oil production. 

May 28, 2015, 08:29 AM IST

Venezuela to slash budget after OPEC steadies output

Venezuelan President Nicolas Maduro ordered his government on Friday to slash the budget of his oil-dependent and economically-weak nation, as crude prices plunge after OPEC held output steady.

Nov 29, 2014, 05:39 AM IST

$1.6 bn award suspended in Exxon-Venezuela case

A World Bank arbitration panel suspended enforcement of a $1.6 billion judgment against Venezuela over its takeover of an ExxonMobil oil project after Caracas asked for a revision to the award.

Oct 28, 2014, 03:35 AM IST