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The country is a major producer of petroleum products, which remain the keystone of the Venezuelan economy. The International Energy Agency shows how Venezuela's oil production has fallen in the last years, producing only 2,300,000 barrels (370,000 m 3 ) daily, down from 3.5 million in 1998.
Both Mexico and Venezuela share a common history in the fact that both nations were once part of the Spanish Empire.During the Spanish colonial period, Mexico was then known as Viceroyalty of New Spain and the capital being Mexico City while what became nowadays Venezuela was known then as the Captaincy General of Venezuela with Caracas as its capital.
Jugos del Valle (Del Valle Juices) is a Mexican producer of fruit juices and beverages. Founded in 1947, today Jugos del Valle is one of the leading food, juice and beverage companies in Mexico producing popular brands such as Del Valle, Florida 7, Frutsi, Bebere, among others, also acting as a bottler for some Coca-Cola drinks such as Powerade, Energy Brands and Gladiator Energy Drink. [1]
Venezuela's government is set to approve a return to Mexico-based negotiations with the country's political opposition, almost a year after the last meeting, six sources with knowledge of the ...
The first commercial drilling for oil in Venezuela occurred in 1917, however the existence of oil was known before this. Along with the oil boom of the 1920s, World War I was important in triggering Venezuelan oil production [1]. Shortly after this, the oil boom of the 1920s meant Venezuela became the wealthiest state in Latin America. [1]
Both the plant and their products have been declared by the government as part of the cultural and natural heritage of Falcón and Lara, [1] and the cultural and ancestral heritage of Venezuela as a whole. In Aruba, Cucui or Coecoei is a liqueur of indigenous Indian origin traditionally made with agave sisalana (kukwisa) and other ingredients.
Venezuela and Canada have had diplomatic relations since January 1953. The relations between the two countries have been based on mutual commercial interests; especially in technology, oil and gas industry, telecommunications and others. Venezuela is Canada's second largest export market in South America for goods as well as for services. [65]
As of 2020, Mexico defied the U.S. sanctions by allowing fuel shipments, [210] and in spite of sanctions on both Iran and Venezuela, Iran sent five oil tankers to Venezuela. [211] Venezuela continued to send money [212] and ship petroleum products to ally countries after sanctions were issued.