Search results
Results from the WOW.Com Content Network
Venezuela's judicial system has been deemed the most corrupt in the world by Transparency International. [166] Human Rights Watch accuse Hugo Chávez and his allies of taking over the Supreme Court in 2004, filling it with supporters and making new measures allowing the government to dismiss justices from the court. [ 34 ]
Venezuela has experienced an oil dependency for an extended part of their history, but in the recent years, their focus has shifted over to gold. [2] As a part of the 2016 settlement of a dispute over withdrawal of a gold concession to Gold Reserve, a Canadian mining company, the government entered into a joint venture to exploit the Brisas mine and Las Cristinas goldmines.
The U.S. Treasury Department sanctioned Minerven, Venezuela's state-run mining company, in March 2019. [58] Government sources said another eight tonnes of gold was taken out of the Central Bank in the first week of April 2019; the government source said that there were 100 tonnes left.
The exploration licenses for those areas have not been signed. Ali said investors in Guyana have nothing to worry about. "Our message is very clear, your investments are safe," he said.
Current concerns also include irresponsible mining operations that endanger the rain-forest ecosystem and indigenous peoples. [2] Successive governments have attempted to develop environmental regulations. However, only 35 to 40 percent of Venezuela's land is regulated thus far, 29 percent as part of national parks. [2]
Venezuela’s government in 2016 established a huge mining development zone stretching across the central area of the country, to supplement flagging revenue from its dominant oil industry, which ...
Hugo Chevez died from cancer last night after 14 years as President of Venezuela. In the short term, Chavez's death means little for the oil markets, which shrugged off the news. The question now ...
Venezuela claims its oil production is over 3 million barrels per day (480,000 m 3 /d), but oil industry analysts and the U.S. Energy Information Administration believe it to be much lower. In addition to other reporting irregularities [ citation needed ] , much of its production is extra-heavy oil, which may or may not be included with ...