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☆ Venezuela’s Maduro bids for a third term in power — as U.S., Brazil warn over need for free election
▼ + stars: | 2024-07-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President of Venezuela Nicolas Maduro rises his hand during a mass gathering convene by supporters on July 18, 2024 in Caracas, Venezuela. The 74-year-old is widely regarded as the only contender capable of denying Maduro a third six-year term. Maduro's United Socialist Party of Venezuela (PSUV) has governed Venezuela since 2013, with the former union leader taking power after the death of his mentor Hugo Chavez. His 2018 election victory was widely regarded as an unfair contest, given that many prominent opposition parties were banned from taking part. "The destiny of Venezuela depends on our victory," Maduro said at a rally earlier this month, according to the Associated Press.

Persons: Venezuela Nicolas Maduro, Nicolas Maduro, Edmundo González Urrutia, Maduro, González, María Corina Machado, Corina, Maduro's, Hugo Chavez Organizations: Democratic, Maduro's United Socialist Party of Venezuela, Associated Press Locations: Venezuela, Caracas, Venezuelan

☆ Analysis: Maduro’s immigration card could influence America’s election, not just Venezuela’s
▼ + stars: | 2024-02-07 | by ( Rafael Romo | ) edition.cnn.com time to read: +8 min

Let’s get united,” Maduro said. Banning Machado from running for president amounts to a repudiation of the agreement, both the opposition and the United States have claimed. “In response to anti-democratic actions by Maduro representatives, the United States has revoked sanctions relief for Venezuela’s gold sector. Venezuela has recently been cooperating with the United States to reduce illegal immigration by allowing removal flights. It’s also immigration and oil during an election year in the United States.

Persons: Voters don’t, Nicolás Maduro, Joe Biden, Biden, Hugo Chávez, Maduro, ” , Let’s, ” Maduro, María Corina Machado, Machado, Maria Corina Machado, Gaby Oraa, ”, ” Machado, Leopoldo López, Maduro’s, Brian Winter, there’s, “, ” Winter, John Moore, Banning Machado, Matthew Miller, Delcy Rodríguez, “ Maduro, It’s Organizations: CNN, Venezuelan, Voters, Socialist United Party of Venezuela, American, US, Venezuela’s, Justice, National Assembly, Bloomberg, Getty, Americas Quarterly, Immigrants, Border Patrol, Biden, US State Department, Twitter, State Department Locations: Venezuela, United States, Caracas, Madrid, Spain, Rio Grande, Eagle Pass , Texas, Barbados, Maduro, Mexico

The relaxed sanctions could lead to $1.4 billion in additional income for Venezuela over the next six months, analyst firm Sintesis Financiera said in a report. The additional oil income is expected to arrive gradually, partly though the redirection of exports. "The contribution will go to social spending and services." The government has traditionally increased social spending, public sector salaries, food distribution and housing construction projects ahead of elections, though national income has been limited over the last five years because of the sanctions and problems at PDVSA. Public spending has fallen to 15% of gross domestic product from 40% a decade ago, according to economic analysts.

Persons: Gaby Oraa, Nicolas Maduro, Sintesis Financiera, PDVSA, Jose Vielma, PSUV, Ecoanalitica, Oswaldo Ramirez, Jose Guerra, Maduro, Mayela Armas, Deisy, Julia Symmes Cobb, Rosalba O'Brien Organizations: REUTERS, Rights, Venezuelan Finance Observatory, Thomson Locations: Petare, Caracas, Venezuela, Rights CARACAS, Venezuelan, United States, Washington

☆ Venezuela president names PDVSA head Tellechea as new oil minister
▼ + stars: | 2023-03-22 | by ( Deisy Buitrago | ) www.reuters.com time to read: +3 min

REUTERS/Leonardo Fernandez Viloria/File PhotoCARACAS, March 21 (Reuters) - Venezuelan President Nicolas Maduro on Tuesday named the head of state oil company PDVSA, Pedro Rafael Tellechea, as the new oil minister, a day after his predecessor resigned amid an extensive corruption investigation focused on the company. Former minister Tareck El Aissami resigned on Monday after the arrest of several government officials and judges in connection with graft investigations. Sources with knowledge of the issue said more than 20 lower-level PDVSA officials have also been detained over recent days. Tellechea has been head of PDVSA since January and ordered an audit into heavy losses suffered last year as tankers left the country without proper payments being made for cargo. It is not the first time the government has promised a crackdown on alleged PDVSA corruption.

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