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Venezuela and Cuba were set to invest approximately $800m to $1bn in primary stage into the programme. According to this scheme, 51% share of the plant will be held by Cuba and 49% by Petróleos de Venezuela S.A. (PDVSA), the Venezuelan state-owned petroleum company. [42]
ALBA or ALBA–TCP, formally the Bolivarian Alliance for the Peoples of Our America (Spanish: Alianza Bolivariana para los Pueblos de Nuestra América) or the Bolivarian Alliance for the Peoples of Our America – Peoples' Trade Treaty (Spanish: Alianza Bolivariana para los Pueblos de Nuestra América – Tratado de Comercio de los Pueblos), is an intergovernmental organization based on the ...
Venezuela's state oil company PDVSA has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the ...
In 2020, the economic situation in Cuba worsened. The Cuban economy contracted by 10.9% in 2020, and by 2% in the first six months of 2021. [11] The economic crises emerged from a combination of factors, [46] [47] including reduced financial support (subsidized fuel) from Cuba's ally Venezuela, the United States embargo against Cuba and United States sanctions (tightened by the Trump ...
In the 1990s, Hugo Chavez’s Venezuela became Cuba’s new lifeline for Cuba, contributing $35 billion over 15 years in oil alone. With Venezuela in shambles, Mexico, ...
The Cuban, Venezuelan and Nicaraguan dictatorships celebrated the victory of former president Luiz Inacio Lula da Silva in Brazil’s Oct. 30 elections as a historic win for Latin America’s the ...
ALBA-1 is a submarine communications cable for telecommunications between Cuba and Venezuela.. The fiber cable was laid by the Venezuelan government in 2010 and 2011. After an unexplained dormancy of two years, Doug Madory's Internet routing analysis revealed that it was activated on Tuesday, January 15, 2013.
Aeropostal Alas de Venezuela: Consumer services Airlines Caracas: 1929 State airline, defunct 2017 P D Agencia Venezolana de Noticias: Consumer services Broadcasting & entertainment Caracas: 1977 National news agency S A Alcasa: Basic materials Aluminum Ciudad Guayana: 1960 Aluminium S A Alimentos La Giralda: Consumer goods Food products ...