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The 2024 Venezuelan blackouts were a series of interruptions to Venezuela's electrical service nationwide. The interruptions began on 27 August with a blackout that affected 12 states in the country at around 7:12 pm VET, [1] [2] lasting until service restorations began at approximately 8:30 pm. [3] On 30 August, another blackout was recorded that left more than 20 states in the country ...
Venezuela's economy faltered while poverty, [59] [70] inflation [71] and shortages in Venezuela increased. According to Martinez Lázaro, professor of economics at the IE Business School in Madrid, the economic woes Venezuela continued to suffer under Maduro would have occurred even if Chávez were still in power. [ 72 ]
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A map of world oil reserves according to OPEC, 2013 Oil production in Venezuela (red) fell markedly between 2015 and 2020. Venezuela has the world's largest proven oil reserves, totaling 302.81 billion barrels at the end of 2017. [151] The country is a major producer of petroleum products, which remain the keystone of the Venezuelan economy.
CARACAS/PUERTO ORDAZ, Venezuela (Reuters) -Shops and public transport across Venezuela shut down on Wednesday as tensions over a fiercely disputed presidential election and rumors of more ...
This article needs to be updated. Please help update this article to reflect recent events or newly available information. (April 2023) Economy of Venezuela Plaza Venezuela in Caracas Currency Bolívar Digital (VES) Fiscal year Calendar year Trade organizations WTO, OPEC, Unasur, ALBA Statistics Population 28,301,696 (2022) GDP $102.328 billion (nominal, 2024 est.) $224.526 billion (PPP, 2024 ...
CARACAS (Reuters) -Venezuela's capital city Caracas and other regions of the country experienced a power outage early on Friday, the communication and information ministry confirmed. "We have been ...
Venezuela's economy grew more than 5% in 2023 and growth will reach 8% this year, President Nicolas Maduro said on Monday during his annual address to the government-allied legislature. Venezuela ...