• Tue
  • Sep 2, 2014
  • Updated: 9:01am

Venezuela

The Bolivarian Republic of Venezuela is situated on the northern coast of South America. Home to an estimated population of 29.1 million, it covers around 916,445 square kilometres which includes the Andes mountains and the Amazon Basin Rainforest. Its main export is oil. Venezuela was colonized by Spain in 1522 but continued resistance led in 1811 to it becoming the first Spanish American country to declare independence. A chequered political history followed which saw dictatorships rise and fall, as well as military coups. The current president is founder of the Revolutionary Bolivarian Movement-200, Hugo Chávez. 

Venezuela gives president decree powers for ‘economic war’

Venezuelan lawmakers granted President Nicolas Maduro year-long decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption. His adversaries, however, view the move as a power grab.

Wednesday, 20 November, 2013, 4:20pm

Venezuela seizes US-owned oil rigs

Venezuela has quietly seized control of two oil rigs owned by a unit of Houston-based Superior Energy Services after the company shut them down because the state oil monopoly was months behind on payments.

2 Nov 2013 - 6:05pm

Months after big launches, Venezuela's three new oil tankers remain in dock

With flags and confetti, Venezuela launched three new oil tankers in the last 14 months that exemplify the socialist country’s ambitions to diversify exports to Asian markets and give a helping hand to its political allies.

2 Oct 2013 - 2:38pm

US, Venezuela in overflight spat

US officials said on Friday that they had initially refused Venezuelan President Nicolas Maduro permission to fly over a segment of US airspace on his way to China because his government made the request on short notice.

21 Sep 2013 - 7:02pm

US accused of denying its airspace to China-bound Venezuelan president

Venezuela accused the United States of hampering its diplomatic efforts on Thursday, saying Washington was denying airspace to its China-bound president and blocking visas for its UN delegation.

20 Sep 2013 - 4:17pm 3 comments

The painful cost of a nice derriere in Venezuela

Eager to resurrect her failed marriage, Mercedes dreamed of having a shapely rear end. A risky, potentially deadly, silicone injection technique beckoned. She said yes. Now she rues that day.”It hurts so much I cannot sit down for even five minutes,” said the 45-year-old, her voice quivering.

30 Aug 2013 - 3:27pm

Venezuela opposition claims new crackdown

Venezuelan authorities ordered the arrest of a close aide to opposition leader Henrique Capriles and military agents removed documents, computers and cellphones from the man’s apartment on Wednesday, the opposition said.

It called the action proof of a new wave of political repression.

8 Aug 2013 - 4:33pm

Venezuela, Colombia strain to patch over tensions

The presidents of Venezuela and Colombia on Monday strained to paper over tensions laid bare by the disputed election of Hugo Chavez’s handpicked successor earlier this year.

Colombian President Juan Manuel Santos infuriated Venezuelan President Nicolas Maduro when he hosted the opposition candidate who had challenged Maduro’s electoral victory in April.

23 Jul 2013 - 12:11pm

Venezuela June inflation soars to 40pc

Venezuela’s June inflation slowed from the previous month to 4.7 per cent, the central bank said, but the annualised rate soared to 39.6 per cent following a currency devaluation and heavy state spending last year.

The annualised figure tops all the yearly inflation rates since 2008, when the central bank changed its inflation methodology and consumer prices rose 30.9 per cent.

10 Jul 2013 - 10:49am

Magistrate Maria Lourdes Afiuni who cross Venezuela's Hugo Chavez freed

Venezuelan authorities freed a judge who was arrested in 2009 after then-president Hugo Chavez objected to one of her rulings. Her case became a cause célèbre for the opposition and international human rights groups.

16 Jun 2013 - 8:53am

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