Advertisement
YOU ARE HERE: LAT HomeCollectionsVenezuela Foreign Investments
IN THE NEWS

Venezuela Foreign Investments

FEATURED ARTICLES
BUSINESS
July 14, 1994 | From Times Staff and Wire Reports
U.S., Japanese Firms Back Venezuelan Project: The companies plan to invest $1 billion in a mining and railroad project in mineral-rich western Venezuela, according to project President Hector Silva Michelena. The project in Zulia, about 435 miles west of Caracas, will include coal and iron mining and construction of a railroad and port, Silva said, creating 3,000 jobs.
ARTICLES BY DATE
BUSINESS
August 21, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
The question is no longer whether there will be a sharp devaluation in Venezuela, but when, according to Wall Street analysts, a prospect that sent markets plunging across Latin America on Thursday. Though the country's economy is only Latin America's sixth-largest, Venezuela's importance as an oil exporter and its recent popularity among foreign investors makes its troubles a concern for the rest of the hemisphere. Even though Venezuelan officials said they would defend the currency against a "maxi-devaluation" and ruled out other measures such as a currency board, the growing consensus that Venezuela's currency is due for a trim caused stocks in Caracas to plunge 9.4% to 3465.
Advertisement
BUSINESS
August 21, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
The question is no longer whether there will be a sharp devaluation in Venezuela, but when, according to Wall Street analysts, a prospect that sent markets plunging across Latin America on Thursday. Though the country's economy is only Latin America's sixth-largest, Venezuela's importance as an oil exporter and its recent popularity among foreign investors makes its troubles a concern for the rest of the hemisphere. Even though Venezuelan officials said they would defend the currency against a "maxi-devaluation" and ruled out other measures such as a currency board, the growing consensus that Venezuela's currency is due for a trim caused stocks in Caracas to plunge 9.4% to 3465.
BUSINESS
June 14, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
To grasp the magnitude of Venezuela's growing power in the world oil market, this scenic Caribbean beach town is a good place to start. A $14-billion "oil city" is rising in the sand and desert scrub country at a town called Jose just west of here, a refining complex and depot that will rival the largest energy installations on earth. It will handle crude oil piped from the Orinoco Belt oil fields 125 miles to the south. From there, tankers will haul it to the United States and elsewhere.
BUSINESS
June 14, 1998 | CHRIS KRAUL, TIMES STAFF WRITER
To grasp the magnitude of Venezuela's growing power in the world oil market, this scenic Caribbean beach town is a good place to start. A $14-billion "oil city" is rising in the sand and desert scrub country at a town called Jose just west of here, a refining complex and depot that will rival the largest energy installations on earth. It will handle crude oil piped from the Orinoco Belt oil fields 125 miles to the south. From there, tankers will haul it to the United States and elsewhere.
BUSINESS
July 14, 1994 | From Times Staff and Wire Reports
U.S., Japanese Firms Back Venezuelan Project: The companies plan to invest $1 billion in a mining and railroad project in mineral-rich western Venezuela, according to project President Hector Silva Michelena. The project in Zulia, about 435 miles west of Caracas, will include coal and iron mining and construction of a railroad and port, Silva said, creating 3,000 jobs.
Los Angeles Times Articles
|