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April 11, 2007 | From the Associated Press
Government officials announced that Venezuela would gain total control over the country's largest telecommunications firm, CA Nacional Telefonos de Venezuela, or CANTV, before June 4 by purchasing at least 70% of the shares traded on the New York Stock Exchange.
December 1, 2013 | Times staff and wire reports
A U.S. State Department travel warning on Venezuela, issued Nov. 22, says "violent crime in Venezuela is pervasive, both in the capital, Caracas, and in the interior. " In a country of about 28.5 million, 21,629 people were slain, one of the highest homicide rates in the world. Kidnappings, the State Department notes, "are also a serious concern…. In 2013, 583 kidnappings were reported," adding that 80% of kidnappings aren't reported. The department warning adds that "all U.S. direct-hire personnel and their family members who are assigned to U.S. Embassy Caracas are required to take an armored vehicle when traveling to/from Maiquetía Airport.
February 10, 2012 | By Reed Johnson, Los Angeles Times
When Deborah Borda, president of the Los Angeles Philharmonic, talks about her orchestra's 10-day concert tour to Venezuela that begins Friday, she uses two pointed descriptive terms. One is "critical mass. " Another, delivered with a chuckle, is "insane. " She also might have added potentially "transformative" and, perhaps, "risky. " Borda calls the tour, a multi-pronged endeavor built around the L.A. Phil's performances of Gustav Mahler's nine finished symphonies, "the biggest thing we've done since we opened Walt Disney Concert Hall" in 2003.
October 9, 2006 | From Times Wire Reports
Venezuela said it would ship 350,000 barrels of heavy diesel oil to Nicaragua under an energy deal aimed at helping leftist front-runner Daniel Ortega win that nation's presidential election next month. The announcement came a day after Venezuela delivered 84,000 gallons of cut-rate diesel fuel to help Nicaragua ease its daily power blackouts. The energy agreement allows Nicaragua to buy Venezuelan fuel at 60% of the price and pay the outstanding 40% over 25 years at 1% interest.
March 6, 2007 | From Reuters
Venezuela said it had reached a $250-million deal to compensate Total and BP for an oil field it seized from them in April, but said it would not make the compensation in cash. Speaking at the signing of the deal, Energy Minister Rafael Ramirez pegged the compensation slightly lower than the $262 million that a government official had given earlier.
November 16, 2006 | From Reuters
Several companies that buy oil products from Citgo Petroleum filed a lawsuit this week alleging that the Venezuelan-owned refiner helped OPEC fix energy prices in the U.S. The suit is another blow for the company, which has been hit by calls for boycotts after Venezuelan President Hugo Chavez called President Bush "the devil" while addressing the United Nations in September.
December 18, 2002 | From Times Wire Services
Waving banners, banging pots and chanting slogans demanding the ouster of President Hugo Chavez, several thousand marchers took to the streets here Tuesday, the 16th day of an opposition strike that has crippled Venezuela's oil industry. The strike has reduced Venezuela's output of more than 2 million barrels a day to less than 400,000 barrels a day, sending crude prices above $30 a barrel, state officials said Tuesday.
December 24, 1999 | Associated Press
Relief drew closer for thousands of thirsty mudslide survivors in Venezuela on Thursday when the United States sent in a huge airplane with machines that can purify water from the ocean and contaminated rivers. The C-5 Galaxy, the largest airplane made in the United States, arrived from Puerto Rico with two machines that can purify more than 3,100 gallons of water an hour, as well as seawater at a slower rate. "They are responding to the No.
September 2, 2003 | From Bloomberg News
Venezuela's economy shrank 9.4% during the three months ended in June, led by a decline in construction, as the country's worst recession on record entered a sixth quarter. The drop followed a 27.6% contraction in the first quarter, the central bank said in a statement. Restrictions on dollar purchases set by the government in January amid a two-month nationwide strike have prevented businesses from importing parts, reducing production.
April 16, 2008 | From the Associated Press
Venezuela moved Tuesday to take a greater cut of windfall oil profits, approving a 50% tax on foreign oil companies when crude tops $70 a barrel. The tax rate would rise to 60% when the average monthly price for crude exceeds $100, according to the bill approved by the National Assembly. Revenue from the tax could reach $9 billion annually, Oil Minister Rafael Ramirez said. "That's why, for the executive branch, it is urgent to create this law," Ramirez said.
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