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US, Venezuela to restore diplomatic ties after Maduro capture
Ziggy Ojiegbe The United States and Venezuela have agreed to restore diplomatic and consular relations, marking a dramatic shift in ties between the two countries after years of hostility and political crisis. The U.S. State Department said Thursday that the…
Venezuela to free ‘large number’ of prisoners as Spain prepares to welcome citizens
Trump vows to veto Congress over military action The Venezuelan government has announced plans to release a “large number” of prisoners, including foreign nationals, in what it described as a gesture aimed at promoting peaceful coexistence. The announcement comes days…
Trump seizes control of Venezuela’s $2.8bn oil stockpile
By Ziggy Ojiegbe U.S. President Donald Trump said Venezuela would hand over between 30 million and 50 million barrels of oil to the United States, cargoes worth about $2.8 billion at current market prices. He said the oil would be…
Venezuela’s new government seeks cooperation with Trump administration
Ziggy Ojiegbe Venezuela’s interim government has signaled a sharp shift away from the country’s long-standing posture of leftist anti-Americanism, moving instead to court cooperation with the administration of United States President Donald Trump following the arrest and deportation of former…
Trump demands oil firms to invest more to recover Venezuelan assets
Ziggy Ojiegbe U.S. oil companies that lost assets to Venezuela’s nationalizations decades ago may get help recovering them — but only if they agree to reinvest heavily in the country’s battered oil industry. Officials in the Trump administration have told…
Colonial EU rejects U.S. control of Venezuela, citing international law
Ziggy Ojiegbe Twenty-six member states of the European Union have rejected U.S. President Donald Trump’s suggestion that the United States could temporarily govern Venezuela, arguing that any transition of power must be decided by Venezuelan citizens and conducted in line…
US forces capture Venezuela’s President Nicolás Maduro in surprise operation
Maduro’s allies fume as diaspora Venezuelans celebrate By Sopuruchi Onwuka, with agency reports At the order of U.S. President Donald Trump, American armed forces carried out a surprise military operation in Venezuela early Saturday, overpowering local security forces and capturing…
Nigeria’s Atlas Oranto Petroleum signs exploration deal with Venezuela
Sopuruchi Onwuka Nigerian independent petroleum company, Altas Oranto Petroleum, has reached an agreement with the Venezuelan government to drive exploration in the Venezuelan the Deltana platform. The signing of the exploration agreement witnessed said Venezuelan President Nicolás Maduro on August…
Biden relaxes sanctions on Venezuela, Chevron to resume ops
The U.S. government is allowing Chevron to pump Venezuelan oil, following an agreement signed by representatives of President Nicolás Maduro and the opposition aimed at helping Venezuela out of its crisis. Venezuela’s government and its opposition on Saturday agreed to…
Venezuela in deal to restore democracy, open up economy
Venezuela’s government and opposition have asked the United Nations to manage a fund for billions of dollars now held in foreign banks, which will be gradually unfrozen to combat a humanitarian crisis in the oil-rich nation, delegates announced in Mexico…
