Tag Archives: – Caracas Chronicles – Venezuela

OPINION: Living Without CITGO: Why Venezuela May Lose Its Crown Jewel

The decision of renewing the license that would save the company from falling into the hands of its creditors depends on one man. That man has his mind on other issues, and his name is Donald Trump

Pilar Navarro | Caracas Chronicles

On October, 16th, judge Katherine Polk Failla of the U.S. District Court Southern District Of New York, issued a decision declaring that the PDVSA 20 bond is legal, valid, and enforceable, which means holders can pursue recovery against the 50.1% of the CITGO Holding shares committed as collateral. This is an important step in the creditors’ long race to obtain the Venezuelan crown jewel: CITGO.          Continue reading

Venezuela vs Guyana – Economic war (a real one) – Caracas Chronicles – Venezuela

Venezuela-Map -27 May 2015

Offshore areas claimed by Venezuela (in green)

Venezuela vs Guyana – Economic war (a real one)

Francisco Toro / June 12, 2015 – Caracas Chronicles – Venezuela

What do you call it when a country throws its military assets behind a campaign to bully and intimidate a much smaller, poorer neighbour for the purpose of spooking away foreign investors and preventing it from carrying out strategic investments?

If the words “Economic War” are to mean anything, shouldn’t they mean that?

This post is a call to get real: what’s happening on Venezuela’s grandiloquently self-styled “fachada atlantica” (the eastern border it disputes with neighboring Guyana) is nothing but an attempt to give off-shore oil investors in Guyana cold feet. Continue reading

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