Search Results for: Venezuelan

BY RACHEL JONES, in Caracas

VENEZUELA’S Orinoco Belt-which follows the line of the Orinoco River in the south of the country’s Guárico, Anzoátegui and Monagas states-is home to some of the biggest reserves of crude oil in the world: 77.2 billion barrels of conventional proved reserves, and about 270 billion barrels of recoverable heavy oil.…

BY RACHEL JONES, in Caracas

THE OSCAR Machado Zuloaga Airport (SVCS), (NOTE – SPELLING IS CORRECT) also known as the Caracas Airport, sits on a mesa (flat-topped hill) in Charallave, a 45-minute drive from Venezuela’s capital of Caracas. The privately owned airport, flanked by manicured boulevards, provides a tranquil home for about 500 small planes.…

BY RACHEL JONES, in Caracas

A NUMBER of factors have contributed to a booming Latin American market in soap, perfume and cosmetics – most importantly, regional economic growth and a healthy overall GDP. Hair care is the region’s biggest seller, but an increase in life expectancy has created a growing demand for skin care products, especially those related to anti-aging and sun protection.…

BY RACHEL JONES, in Caracas
VENEZUELA’S economy, fueled by its vast oil wealth, has grown by about 9% in 2006, making it one of the fastest-growing in Latin America, resulting in increased consumption and production of paints and coatings. However, the boom has not been all good news for the sector, it has also caused problems related to inflation and currency controls, specifically in regards to the importation of primary materials for production.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is to lend US$24 million to Vinccler, a Venezuelan oil and gas exploration/production company. A wholly owned subsidiary of Petrofalcon, it will use the money to increase production and stage technical tests.…

BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is lending US$105 million to Petrobras Energía Venezuela (PEV), owned by Argentina’s Pecom Energía, for developing PEV’s four Venezuelan oil fields. The IFC said the loan was “critical to the sustainability and expansion of PEV.”…

Keith Nuthall
THE VENEZUELAN government has notified the World Trade Organisation about how it intends to implement the third tranche of its liberalisation commitments under the Agreement on Textiles and Clothing. Caracas said its new quota-free list of goods would include additional products, accounting for at least 18 per cent of Venezuela’s 1990 textile and clothing imports.…

BY KEITH NUTHALL
THE VENEZUELAN government has informed the WTO of a safeguards duty investigation into imports of U sections of iron or steel, hot-drawn or extruded, of a height of between 80 mm and 120 mm, and of I sections of iron or steel, hot-drawn or extruded, of a height of between 80 mm and 140 mm.…