Venezuela

Country Venezuela
Capital Caracas
Continent South America
Currency Bolivar fuerte(VEF)
Languages Spanish

Information

Introduction

Venezuela was one of three countries that emerged from the collapse of Gran Colombia in 1830 (the others being Ecuador and New Granada, which became Colombia). For most of the first half of the 20th century, Venezuela was ruled by generally benevolent military strongmen, who promoted the oil industry and allowed for some social reforms. Democratically elected governments have held sway since 1959. Hugo CHAVEZ, president since 1999, seeks to implement his "21st Century Socialism," which purports to alleviate social ills while at the same time attacking capitalist globalization and existing democratic institutions. Current concerns include: a weakening of democratic institutions, political polarization, a politicized military, drug-related violence along the Colombian border, increasing internal drug consumption, overdependence on the petroleum industry with its price fluctuations, and irresponsible mining operations that are endangering the rain forest and indigenous peoples.

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References

Venezuela - Wikipedia
Venezuela - CIA World Fact Book
Venezuela - BBC
Venezuela - Timeline - BBC

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Venezuela’s Rodriguez signs oil reform law while the US eases sanctions - Al JazeeraVenezuela’s Rodriguez signs oil reform law while the US eases sanctions  Al Jazeera

Trump says US will reopen commercial airspace over Venezuela - Times of IndiaTrump says US will reopen commercial airspace over Venezuela  Times of India

US Issues License For Oil Companies To Operate In Venezuela - NDTVUS Issues License For Oil Companies To Operate In Venezuela  NDTV

The Illegality Of US Strike On Venezuela - Live LawThe Illegality Of US Strike On Venezuela  Live Law

Venezuela’s acting President signs oil industry overhaul, easing state control to lure investors - The HinduVenezuela’s acting President signs oil industry overhaul, easing state control to lure investors  The Hindu

Venezuela's National Assembly passes partial reform of hydrocarbons law - XinhuaVenezuela's National Assembly passes partial reform of hydrocarbons law  Xinhua

Trump lifts some Venezuela oil sanctions, says US will control sales and revenues indefinitely - Telegraph IndiaTrump lifts some Venezuela oil sanctions, says US will control sales and revenues indefinitely  Telegraph India

How US attack on Venezuela has plunged Cuba into a food and energy crisis - theweek.inHow US attack on Venezuela has plunged Cuba into a food and energy crisis  theweek.in

US Eases Venezuela Oil Curbs After Caracas Passes Historic Hydrocarbons Reform - SwarajyamagUS Eases Venezuela Oil Curbs After Caracas Passes Historic Hydrocarbons Reform  Swarajyamag

Trump Turns To Venezuela Playbook On Iran, But Differences Sharp - NDTVTrump Turns To Venezuela Playbook On Iran, But Differences Sharp  NDTV

Venezuela’s acting President Delcy Rodríguez signs law that opens nation’s oil sector to privatisation - News On AIRVenezuela’s acting President Delcy Rodríguez signs law that opens nation’s oil sector to privatisation  News On AIR

Lake Maracaibo: Venezuelans in run-down oil heartland hope Trump's plan will bring revival - BBCLake Maracaibo: Venezuelans in run-down oil heartland hope Trump's plan will bring revival  BBC

Hegseth Touts Deterrent Effect of Venezuela Raid During First 2026 Cabinet Meeting - U.S. Department of War (.gov)Hegseth Touts Deterrent Effect of Venezuela Raid During First 2026 Cabinet Meeting  U.S. Department of War (.gov)

Venezuela approves bill to open oil sector to foreign investment after US pressure - The GuardianVenezuela approves bill to open oil sector to foreign investment after US pressure  The Guardian

Venezuela opens its oil sector to private investors - dw.comVenezuela opens its oil sector to private investors  dw.com

Chevron earnings beat as production hits record with upside expected in Venezuela - CNBCChevron earnings beat as production hits record with upside expected in Venezuela  CNBC

US EXIM Bank 'very focused' on helping oil companies invest in Venezuela - Upstream OnlineUS EXIM Bank 'very focused' on helping oil companies invest in Venezuela  Upstream Online

Why Venezuela Is Dismantling Its Nationalist Oil Model - Open MagazineWhy Venezuela Is Dismantling Its Nationalist Oil Model  Open Magazine

After Trump push, Venezuela moves to open oil sector, ending years of state control - Times of IndiaAfter Trump push, Venezuela moves to open oil sector, ending years of state control  Times of India

US eases Venezuela sanctions after oil sector reforms - The Economic TimesUS eases Venezuela sanctions after oil sector reforms  The Economic Times

Sweeping oil reform in Venezuela approved, operators expected to gain autonomy - ReutersSweeping oil reform in Venezuela approved, operators expected to gain autonomy  Reuters

Venezuelan MPs approve bill to open up oil sector to private firms - BBCVenezuelan MPs approve bill to open up oil sector to private firms  BBC

Trump orders immediate reopening of commercial airspace over Venezuela - The GuardianTrump orders immediate reopening of commercial airspace over Venezuela  The Guardian

Trump says that he will allow reopening of Venezuelan airspace - Al JazeeraTrump says that he will allow reopening of Venezuelan airspace  Al Jazeera

Venezuela’s police, military pledge loyalty to interim President Rodriguez - Al JazeeraVenezuela’s police, military pledge loyalty to interim President Rodriguez  Al Jazeera

American Airlines plans to resume US flights to Venezuela after Trump moves to open airspace - ReutersAmerican Airlines plans to resume US flights to Venezuela after Trump moves to open airspace  Reuters

Venezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector - The New York TimesVenezuelan Lawmakers Approve Sweeping Overhaul of Oil Sector  The New York Times

Chevron pledges tight rein on Venezuela spending as US pushes oil majors to invest - Financial TimesChevron pledges tight rein on Venezuela spending as US pushes oil majors to invest  Financial Times

Venezuela approves new law opening its oil industry as Trump threatens more tariffs on countries selling oil to Cuba - CNNVenezuela approves new law opening its oil industry as Trump threatens more tariffs on countries selling oil to Cuba  CNN

WATCH: Trump says he's opening up all commercial airspace over Venezuela - PBSWATCH: Trump says he's opening up all commercial airspace over Venezuela  PBS

US Issues License for Oil Companies to Operate in Venezuela - Bloomberg.comUS Issues License for Oil Companies to Operate in Venezuela  Bloomberg.com

American Airlines to fly to Venezuela for first time since 2019, marking return of U.S. service - CNBCAmerican Airlines to fly to Venezuela for first time since 2019, marking return of U.S. service  CNBC

Venezuela enacts sweeping hydrocarbon reforms, urges airlines and investors to return - TRT WorldVenezuela enacts sweeping hydrocarbon reforms, urges airlines and investors to return  TRT World

Can Venezuela’s Delcy Rodríguez become a Latin American Deng Xiaoping? - The GuardianCan Venezuela’s Delcy Rodríguez become a Latin American Deng Xiaoping?  The Guardian

Venezuela urges airlines, investors to return after Trump announces reopening of airspace - Anadolu AjansiVenezuela urges airlines, investors to return after Trump announces reopening of airspace  Anadolu Ajansi

US lifts some Venezuela sanctions to ease oil sales - ReutersUS lifts some Venezuela sanctions to ease oil sales  Reuters

It's in Venezuela's interest to co-operate with US, Rubio says in heated testimony - BBCIt's in Venezuela's interest to co-operate with US, Rubio says in heated testimony  BBC

Trump announces Venezuela airspace reopening, says Americans can soon travel - kalingatv.comTrump announces Venezuela airspace reopening, says Americans can soon travel  kalingatv.com

Asian buyers looking to Iran to replace Venezuela-shaped hole in oil cargoes - Tradewinds NewsAsian buyers looking to Iran to replace Venezuela-shaped hole in oil cargoes  Tradewinds News

Crude oil futures fall as US eases sanctions on Venezuela’s oil sector - BusinessLineCrude oil futures fall as US eases sanctions on Venezuela’s oil sector  BusinessLine

Venezuela frees dozens of political prisoners, human rights group says - BBCVenezuela frees dozens of political prisoners, human rights group says  BBC

Venezuela opens oil sector to private firms, ending decades of state monopoly amid US pressure - FirstpostVenezuela opens oil sector to private firms, ending decades of state monopoly amid US pressure  Firstpost

American Airlines Reconnects Venezuela and the United States - safariindia.comAmerican Airlines Reconnects Venezuela and the United States  safariindia.com

Trump says Venezuelan airspace will reopen to flights and Americans will 'be safe there' - Euronews.comTrump says Venezuelan airspace will reopen to flights and Americans will 'be safe there'  Euronews.com

Lessons for Africa from US military action in Venezuela - ISS AfricaLessons for Africa from US military action in Venezuela  ISS Africa

Mexico’s oil industry faces new pressures from Venezuela oil under US - Al JazeeraMexico’s oil industry faces new pressures from Venezuela oil under US  Al Jazeera

Trump says U.S. to open Venezuela airspace after talk with acting president - ReutersTrump says U.S. to open Venezuela airspace after talk with acting president  Reuters

Rubio says Maduro abduction ‘strategic’ necessity, downplays future attacks - Al JazeeraRubio says Maduro abduction ‘strategic’ necessity, downplays future attacks  Al Jazeera

Trump Eases Sanctions on Venezuela, Reopens Airspace - patrika.comTrump Eases Sanctions on Venezuela, Reopens Airspace  patrika.com

Venezuela succumbs to US threats?, opens oil sector to foreign investment - WIONVenezuela succumbs to US threats?, opens oil sector to foreign investment  WION

Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities - ReutersChevron beats Q4 profit estimate, eyes Venezuela investment opportunities  Reuters

Venezuela Rewrites Its Oil Law to Attract Foreign Investment - Crude Oil Prices Today | OilPrice.comVenezuela Rewrites Its Oil Law to Attract Foreign Investment  Crude Oil Prices Today | OilPrice.com

Trump moves to reopen Venezuela airspace - dtnext.inTrump moves to reopen Venezuela airspace  dtnext.in

Venezuela passes major oil law reform, opening doors for foreign firms - Business StandardVenezuela passes major oil law reform, opening doors for foreign firms  Business Standard

Under Pressure From Trump, Venezuela’s Leader Signs Bill Opening Oil Industry to Privatization - NewsGramUnder Pressure From Trump, Venezuela’s Leader Signs Bill Opening Oil Industry to Privatization  NewsGram

Venezuela gives the green light for foreign capital to enter the oil sector - EL PAÍS EnglishVenezuela gives the green light for foreign capital to enter the oil sector  EL PAÍS English

Venezuela’s acting president signs oil industry overhaul, easing state control to lure investors - AP NewsVenezuela’s acting president signs oil industry overhaul, easing state control to lure investors  AP News

On the Colombia-Venezuela Border, Keeping Quiet About Cocaine Is What Keeps You Alive - Le FigaroOn the Colombia-Venezuela Border, Keeping Quiet About Cocaine Is What Keeps You Alive  Le Figaro

Trump Mingled With Venezuela’s Elite Long Before He Vowed to Fix the Country - Bloomberg.comTrump Mingled With Venezuela’s Elite Long Before He Vowed to Fix the Country  Bloomberg.com

US lawmaker asks Vitol, Trafigura about Venezuela oil deals - ReutersUS lawmaker asks Vitol, Trafigura about Venezuela oil deals  Reuters

Chevron Sees Self-Funding Model in Venezuela to Safeguard Cash - Bloomberg.comChevron Sees Self-Funding Model in Venezuela to Safeguard Cash  Bloomberg.com

In Wake of Venezuela, Nonkinetic Effects ‘at the Forefront of Everything We Do’: Official - Air & Space Forces MagazineIn Wake of Venezuela, Nonkinetic Effects ‘at the Forefront of Everything We Do’: Official  Air & Space Forces Magazine

Discombulator: The system That US likely Used in Venezuela Attack - StudyIQDiscombulator: The system That US likely Used in Venezuela Attack  StudyIQ

US eases Venezuela sanctions after oil sector reforms - Le Monde.frUS eases Venezuela sanctions after oil sector reforms  Le Monde.fr

Oil prices fall over 1% as US eases some Venezuela sanctions; OPEC+ meeting on tap - Investing.comOil prices fall over 1% as US eases some Venezuela sanctions; OPEC+ meeting on tap  Investing.com

Exclusive: US handing over seized tanker to Venezuela, officials say - ReutersExclusive: US handing over seized tanker to Venezuela, officials say  Reuters

Venezuela: Political Developments, Regulatory Shifts and Investment Outlook - Holland & KnightVenezuela: Political Developments, Regulatory Shifts and Investment Outlook  Holland & Knight

Venezuela passes sweeping oil law reform to open doors for foreign firms - english.publictv.inVenezuela passes sweeping oil law reform to open doors for foreign firms  english.publictv.in

The armed groups that may risk the US 'recovery' plan to control Venezuela - Australian Broadcasting CorporationThe armed groups that may risk the US 'recovery' plan to control Venezuela  Australian Broadcasting Corporation

Trump officials awarded Venezuela oil-sale contracts to firms tied to bribery - The Washington PostTrump officials awarded Venezuela oil-sale contracts to firms tied to bribery  The Washington Post

Venezuela's acting President Delcy Rodriguez signed a new law that opens the nation's oil sector to privatization and foreign investment amid US pressure. It's a reversal of the country's strict nationalization for two decades. The reform will lower taxes, expand - facebook.comVenezuela's acting President Delcy Rodriguez signed a new law that opens the nation's oil sector to privatization and foreign investment amid US pressure. It's a reversal of the country's strict nationalization for two decades. The reform will lower taxes, expand  facebook.com

Trump reopens Venezuela’s airspace after speaking to acting President Rodriguez - The Economic TimesTrump reopens Venezuela’s airspace after speaking to acting President Rodriguez  The Economic Times

Venezuela's acting president signs overhaul easing state control of oil industry into law - PBSVenezuela's acting president signs overhaul easing state control of oil industry into law  PBS

Venezuela approves oil sector privatisation in major policy shift - France 24Venezuela approves oil sector privatisation in major policy shift  France 24

Treasury opens Venezuelan crude oil trading up to more companies - PoliticoTreasury opens Venezuelan crude oil trading up to more companies  Politico

Venezuela’s police and military pledge loyalty to interim President Delcy Rodriguez - sentinelassam.comVenezuela’s police and military pledge loyalty to interim President Delcy Rodriguez  sentinelassam.com

Venezuela’s National Assembly approves major oil sector overhaul - oilandgasmiddleeast.comVenezuela’s National Assembly approves major oil sector overhaul  oilandgasmiddleeast.com

Chevron Points to Venezuela’s Promise as Big Oil Earnings Fall - The New York TimesChevron Points to Venezuela’s Promise as Big Oil Earnings Fall  The New York Times

American Airlines becomes the first airline to reconnect Venezuela with the United States - American Airlines NewsroomAmerican Airlines becomes the first airline to reconnect Venezuela with the United States  American Airlines Newsroom

US moves to open Venezuela’s vast crude reserves to Big Oil - Financial TimesUS moves to open Venezuela’s vast crude reserves to Big Oil  Financial Times

US eases sanctions after Venezuela passes oil law reforms - ReutersUS eases sanctions after Venezuela passes oil law reforms  Reuters

Rubio declines to rule out further US military action in Venezuela at Senate hearing - The GuardianRubio declines to rule out further US military action in Venezuela at Senate hearing  The Guardian

Secretary of State Marco Rubio Before the Senate Committee on Foreign Relations on U.S. Policy Towards Venezuela - U.S. Department of State (.gov)Secretary of State Marco Rubio Before the Senate Committee on Foreign Relations on U.S. Policy Towards Venezuela  U.S. Department of State (.gov)

Friction emerges between Trump, Venezuelan opposition over Machado’s return - The Washington PostFriction emerges between Trump, Venezuelan opposition over Machado’s return  The Washington Post

Leading Chinese Buyer of Venezuela Crude Bids for Canada Barrels - Bloomberg.comLeading Chinese Buyer of Venezuela Crude Bids for Canada Barrels  Bloomberg.com

Venezuela’s interim president’s oil law reform to break with Chavez model - Al JazeeraVenezuela’s interim president’s oil law reform to break with Chavez model  Al Jazeera

Watching the (Oil) Flow – Venezuela’s Heavy Oil Production Needs Diluent, Opening Market for U.S Suppliers - RBN EnergyWatching the (Oil) Flow – Venezuela’s Heavy Oil Production Needs Diluent, Opening Market for U.S Suppliers  RBN Energy

Marco Rubio tells senators Venezuela transition won't be fast or easy - NPRMarco Rubio tells senators Venezuela transition won't be fast or easy  NPR

Venezuela oil sector opens gate to private firms under new law, weeks after Maduro's capture by Trump admin | World News - Hindustan TimesVenezuela oil sector opens gate to private firms under new law, weeks after Maduro's capture by Trump admin | World News  Hindustan Times

CIA director had two-hour meeting with new Venezuelan leader in Caracas - BBCCIA director had two-hour meeting with new Venezuelan leader in Caracas  BBC

In Venezuela, Freeing the Economy, but Nothing Else - The New York TimesIn Venezuela, Freeing the Economy, but Nothing Else  The New York Times

What Will Happen If Trump Invades Iran Like Venezuela? Retd Major General GD Bakshi Explains - Republic WorldWhat Will Happen If Trump Invades Iran Like Venezuela? Retd Major General GD Bakshi Explains  Republic World

Rubio Says Venezuela Will Submit Monthly Budget to White House - The New York TimesRubio Says Venezuela Will Submit Monthly Budget to White House  The New York Times

Chevron earnings beat as production hits record with upside expected in Venezuela - MSNChevron earnings beat as production hits record with upside expected in Venezuela  MSN

American Airlines first to resume U.S.–Venezuela flights - AnewZAmerican Airlines first to resume U.S.–Venezuela flights  AnewZ

American Airlines to restart flights to Venezuela after Trump announcement - PoliticoAmerican Airlines to restart flights to Venezuela after Trump announcement  Politico

Venezuela’s acting president says she has had “enough” of US orders - CNNVenezuela’s acting president says she has had “enough” of US orders  CNN

Exclusive: US intelligence raises doubts about Venezuela leader's cooperation - ReutersExclusive: US intelligence raises doubts about Venezuela leader's cooperation  Reuters

Exclusive: US planning CIA foothold in post-Maduro Venezuela - CNNExclusive: US planning CIA foothold in post-Maduro Venezuela  CNN

Trump administration hid money earned from Venezuelan oil in this Muslim nation, name is…, not UAE, Saudi Arabia - news24online.comTrump administration hid money earned from Venezuelan oil in this Muslim nation, name is…, not UAE, Saudi Arabia  news24online.com