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export English News Blog for  Venezuela News Blog March Archive 

Chavez wants his own OPEC

By Crissy at 03/02/07 20:20

Hugo Chavez wants to create a South American OPEC called "Opegas Sur". Chavez's Opegas Sur would start with Venezuela, Bolivia and Argentina, and then expand from there. Many see the idea as ludicrous since none of the three export natural gas outside of South America.

Original source: Inland Valley Daily Bulletin. Venezuela's Chavez proposes South American "Gas OPEC"

Venezuela needs more non-oil exports

At first look the Venezuelan economy is doing quite well. After all the last 13 quarters have been exceptional. But non-oil exports have been practically non-existent in the same period. And Venezuela needs that if it's going to sustain long-term economic stability.

Original source: El Universal. Venezuelan non-oil exports down 8.5 percent in 2006