In this week’s roundup… Uncertainty about Hugo Chavez’ health begins to create infighting within the PSUV… Price controls and land seizures continues to erode Venezuela’s private industry; the last remaining publicly traded gold miner in Venezuela, Rusoro Mining Ltd., expects its assets to be seized; the government threatens to nationalize water utilities in the state if Monagas. The Venezuelan government refuses to open the door to the UN and IACHR to review potential threats to human rights, and Iran finds ways to elude economic sanctions through its partners in Ecuador and Venezuela.
Venezuela: opposition gathers strength, The Financial Times
As Hugo Chávez continues to languish in Cuba, recovering from an operation to remove a cancerous lesion, things are getting increasingly fraught amongst his followers back home.
PDVSA Oil Spill Exposes Fissures in Chavez’s Socialist Party, Bloomberg
An oil spill at a facility operated by Venezuela’s state oil company has sparked the first public spat in the ruling party since President Hugo Chavez was diagnosed with cancer in June.
Chavez’s ruling party suspends governor in Venezuela after public criticisms, The Washington Post via The Associated Press
A state governor was suspended from President Hugo Chavez’s governing party on Wednesday after making critical remarks about the president of Venezuela’s National Assembly.
Sinister forces at work in Venezuela power struggle, The Miami Herald
Venezuelans are facing a tumultuous year ahead that could bring an end to 13 years of authoritarian populism under cancer-stricken caudillo Hugo Chávez or make matters worse.
Hugo Chávez’s cancer dominates Venezuelan election campaign, The Guardian
Welcome to Venezuela’s presidential election campaign, a swirl of intrigue and conspiracy theories over the health of Hugo Chávez that has thrown the race wide open and stoked hope and dread on both sides.
Price caps pound manufacturers and wholesalers, El Universal
Standard prices, according to industry experts, imply that, as a result of Sundecop’s failure to recognize differences in product presentation, production costs will be greater than the price set by the governing agency for certain products.
Substantial losses out of land seizure, El Universal
Lands rescue announced by Venezuelan Vice-President Elías Jaua on October 12, 2011, encompassing 25 farms in Machiques de Perijá Municipality, western Zulia state, hit the daily production of 26,000 liters of milk.
Rusoro Expects Venezuela Gold Takeover as Talks Fail, Bloomberg Businessweek
Rusoro Mining Ltd. (RML), the last remaining publicly traded gold miner in Venezuela, expects its gold assets in the South American country to be taken over after a deadline to negotiate with the government lapsed, Chief Executive Officer Andre Agapov said. The stock slid 12 percent.
Authorities threaten to nationalize Monagas’ water utility, El Universal
The Venezuelan minister warned that the government will have to nationalize Monagas water supply company (Aguas Monagas) if José Gregorio Briceño, the governor of northeastern state of Monagas, continues refusing to supply water from the Guarapiche River. The water is fit for drinking, Hitcher stressed.
Venezuelan gov’t refuses to open the door to the UN and IACHR, El Universal
Venezuela’s doors will continue to be closed for the United Nations’ and the Inter-American Commission on Human Rights’ (IACHR) Special Rapporteurs, unless the government deems it “appropriate” to invite them.
Iran’s stealth financial partners in Latin America, The Miami Herald
One unconventional mechanism developed by Iran, with the help of Venezuela and Ecuador, is a way to bypass the economic sanctions, as Iran may be using a parallel financial system operated by members of ALBA countries — the Cuba-Venezuela-Bolivia-Ecuador-Nicaragua axis — to elude financial sanctions by the West and engage in money-laundering.
