Venezuela News

“Today, next to these furnaces in the middle of Siderurgica del Orinoco (Sidor steel company), I have enacted the law by which we're recovering the steel company”

Venezuelan President Hugo Chavez on Monday nationalized the country's biggest steelmaker Ternium-Sidor, which is majority owned by Argentina's Techint. via Raw Story

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In the nearest month Venezuela intends to spend around 2 billion US dollars on Russian military equipment. via Planenews Aviation News Portal

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In this photo released by Miraflores Press Office, Venezuela's President Hugo Chavez speaks on his weekly radio and television show "Hello President" in Maracaibo, Venezuela, Sunday, May 11, 2008. via The Washington Post

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“But when the U.S. Congress realized the potential of ethanol, corn was diverted there and Mexico was left high and dry”

On StarNet: Read news from around the world at azstarnet.com/news. Nations are acting Rising food prices have set off riots and protests in dozens of nations around the world. via Arizona Daily Star

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“It's more about the political economy of China. It's to maintain a commercial relationship.”

VENEZUELA and China, the world's fastest-growing major economy, will form a joint venture to produce oil in Venezuela's Orinoco Belt to supply a new 400,000-barrel-a-day refinery they will build in China. via Shanghai Daily

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The governments of Venezuela and Argentina have signed an accord to set up a joint natural gas liquefaction and transportation enterprise in Guiria, a city in Venezuela's eastern state of Sucre, Venezuela's ... via Inside Costa Rica

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Caracas, 8 may Professionals of the environment of Latin America and the Caribbean agreed to create a network of eco-tourism for the region, reports a note from the National Institute of Parks of Venezuela ... via Prensa Latina

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“Chavez says his government has not meddled in the domestic affairs of other Latin American nations”

President Hugo Chavez says Venezuela will not tolerate a movement for secession in Bolivia's eastern lowland states. via Free Republic

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“We will devise a formula based on the price of oil and the level of production that would allow for the creation of a special oil-for-food fund, taking into consideration the means of each country”

Venezuela called on fellow Latin American energy producing countries on Wednesday to set up a fund for food aid using windfall oil profits in an effort to give poor nations some relief from soaring prices. via The Financial Mirror

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Venezuelan consumer prices rose 1.7 percent in April, surging ahead despite government efforts to tame inflation in the oil-rich country. via Fort Worth Star-Telegram

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