Mukesh Ambani owned Reliance Industries has ventured into the highly lucrative Venezuela’s exploration sector, strengthening ties between the Latin American nation and its top Indian customer. Reliance Industries Limited (RIL) and the Venezuelan state oil company, Petroleos de Venezuela, SA (PdVSA) have signed a Joint Study Agreement for Ayacucho Block 8 in Orinoco Oil Belt. […]
RIL set to acquire Oil Blocks in Venezuela under new deal
Reliance Industries Limited (RIL) is looking at investing in two to three oil blocks offered by Venezuela. This affirms with RIL’s strategy of expanding its overseas assets as it looks towards countries from Myanmar to Canada. RIL currently imports about 3,00,000 barrels per day (bpd) of oil from Venezuela for processing at its twin refineries […]
Venezuela: Edward Snowden Offered Asylum
Written by Aglaia Berlutti · Translated by Marianna Breytman The president of Venezuela, Nicolás Maduro, offered humanitarian asylum to Edward Snowden [1], former contractor at the U.S. National Security Agency (NSA) who leaked classified information about mass surveillance programs in the United States and the Great Britain. Snowden, charged with espionage and property theft by […]
Venezuela: Public Universities On Strike
Written by Laura Vidal Numerous protests have taken place in cities home to some of Venezuela’s most important public universities and after various discussions, a general strike has been declared. The focal point of the struggle is given by the wages of university professors who, despite training and experience, occupy yet another position in the […]
Post-election Tension Escalates in Venezuela
Written by Laura Vidal · Translated by Victoria Robertson [Links are to Spanish-language pages except where noted.] The election results [1] [en] following the death of Hugo Chávez, in which Nicolás Maduro and Henrique Capriles Radonski measured the support of their followers, is at the heart of mounting tension. Just as Maduro was being declared the new […]
RIL To Continue Investing In Venezuela
President Hugo Chavez’s deteriorating health condition does not deter Mukesh Ambani, India’s most powerful business magnate and the Chairman and Managing Director of RIL (Reliance Industries Limited), from investing there. The company plans to infuse an investment of over $ 2 billion in Venezuelan oil fields. Sources who have confirmed the news claim Mukesh Ambani […]
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