Energy Resources

Venezuela's oil output slumps under Hugo Chavez

Oct. 12, 2008
Venezuela's daily oil production has fallen by a quarter since President Hugo Chavez won power.
Related Stories from UPI.com

Venezuela: Opposition leader faces charges

CARACAS, Venezuela, Dec. 3 (UPI) -- The Venezuela government has leveled corruption allegations against one of the country's leading opposition leaders.

Venezuela's Chavez wants another term

CARACAS, Venezuela, Nov. 30 (UPI) -- Hugo Chavez said Sunday he wants to stay on as president of Venezuela until 2021.

Medvedev, Fidel Castro meet in Cuba

HAVANA, Nov. 29 (UPI) -- Russian President Dmitry Medvedev and former Cuban leader Fidel Castro met in Havana Saturday, discussing further ties between the countries, officials said.

Russian president visits Cuba

HAVANA, Nov. 27 (UPI) -- Russian President Dmitry Medvedev is visiting Cuba as the final stop on his tour of Latin America, officials said.

Venezuela, Russia reach energy deal

CARACAS, Venezuela, Nov. 27 (UPI) -- The presidents of Russia and Venezuela have signed bilateral agreements, including construction of a nuclear power plant in the South American country.

Venezuela's Chavez calls for fix oil price

CARACAS, Venezuela, Nov. 25 (UPI) -- Venezuelan President Hugo Chavez said crude oil prices should be set at a fixed price in the wake of recent oil price decreases.

Chavez parties claim victory in Venezuela

CARACAS, Venezuela, Nov. 24 (UPI) -- Gubernatorial candidates allied with Venezuelan President Hugo Chavez have won the majority of races following balloting over the weekend.

Chavez plans alternative summit

CARACAS, Venezuela, Nov. 15 (UPI) -- Venezuelan President Hugo Chavez says he will hold a summit of smaller countries not invited to this weekend's economic summit in Washington.

Venezuela cutting oil production

MIAMI, Nov. 6 (UPI) -- Venezuela has notified petroleum customers that production levels would be cut to counter falling oil prices, part of OPEC's agreement to reduce production across the board to counter falling oil prices worldwide.

China penetrates Middle East, Africa with arms-for-oil deals

HONG KONG, Nov. 5 (UPI) -- China has been making extensive efforts to penetrate the Middle East and Africa, especially by trading arms for oil. In recent years China also has stepped up its efforts to acquire oil from Central and South America, again offering weapons in exchange, as well as space technology. Its top targets are Venezuela and Brazil.

Venezuelan oil output way down

MIAMI, Oct. 15 (UPI) -- Oil production has dropped dramatically in Venezuela since President Hugo Chavez assumed office a decade ago, according to a report.
Venezuela to go nuclear with Russia

Venezuela to go nuclear with Russia

CARACAS, Venezuela, Sept. 29 (UPI) -- Venezuela plans to develop its nuclear energy capacity with the help of ally Russia, Venezuelan President Hugo Chavez said in a national address.

Russia, Venezuela set up energy consortium

ORENBURG, Russia, Sept. 27 (UPI) -- Russia and Venezuela say they intend to set up an oil and gas consortium between Gazprom and Petroleos de Venezuela.

Russia to loan Chavez $1 billion for arms

MOSCOW, Sept. 26 (UPI) -- Russia will loan Venezuela $1 billion for weapons purchases and military development, a Russian official said Friday.

Russian and Venezuelan leaders meet

MOSCOW, Sept. 26 (UPI) -- Venezuelan President Hugo Chavez and Russian Prime Minister Vladimir Putin met Friday to outline business and military cooperation.