Tag Archives: Margarita Island

Sep
30
2011
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In Case You Missed It… Articles Roundup Week of 9/30/11

In this week’s roundup… Settlement talks between U.S. companies and Chávez government over expropriated assets are unlikely, as two more American firms file arbitration claims against Venezuela before the World Bank’s International Center for Settlement of Investment Disputes (ICSID); Meanwhile, the Venezuelan government announces yet another expropriation; Chávez strikes out with Major League Baseball; Venezuela’s prisons are among the most dangerous in the continent; and Chávez tries to silence rumors about his health in his usual flair.

Venezuela Again Rejects Oil Settlement Talks, The Wall Street Journal

Venezuelan Oil Minister Rafael Ramirez on Tuesday rejected talk that his government was planning to settle with companies like Exxon Mobil Corp. and ConocoPhillips outside of official arbitration proceedings for compensation for projects nationalized by President Hugo Chavez nearly four years ago.

Helmerich Sues Venezuela Over Seized Drilling Rigs, The Wall Street Journal

Helmerich & Payne  Inc. has filed a lawsuit against Venezuela over the 2010 government takeover of 11 drilling rigs belonging to the Oklahoma-based oil-services company.

Owens Illinois hits Venezuela with arbitration claim, Reuters

U.S. bottle maker Owens Illinois (OI.N) has filed a claim for arbitration against Venezuela at a World Bank tribunal after President Hugo Chavez nationalized its operations in October last year.

US glass container maker Owens-Illinois seeks arbitration in Venezuela expropriation dispute, The Washington Post

U.S.-based glass container manufacturer Owens-Illinois Inc. said Wednesday it is seeking international arbitration in a dispute with Venezuela over the expropriation of two factories in the South American nation.

Chavez orders nationalization of ferry company, The Associated Press

President Hugo Chavez has ordered the nationalization of Venezuela’s largest ferry company. Chavez says the company, Conferrys, has failed to upgrade its vessels, causing delays and poor service from the eastern city of Puerto La Cruz to Margarita Island.

Venezuela gov’t strikes out with big league, Reuters

Baseball and President Hugo Chavez are both popular in Venezuela, but uncertainty about his policies is prompting major league teams to stop investing here while developing their Dominican Republic training camps.

Guillen says he’s no fan of Chavez, The Associated Press via The Sacramento Bee

Ninety minutes into Ozzie Guillen’s first media session as manager of the Florida Marlins, the subject turned to politics – specifically, fellow countryman Hugo Chavez.

Venezuela’s Prison Chief Says No New Facilities Needed, The Wall Street Journal

The head of Venezuela’s recently created prison ministry, which was formed earlier this year in the wake of a bloody inmate riot at a notoriously overcrowded facility, said in an interview published Tuesday that building more prisons is not necessary. “

Hugo Chávez tries to silence health rumors with his usual flair, The Christian Science Monitor

Hugo Chávez assembled reporters to his palace and played ball, after a Miami-based newspaper suggested the spirited Venezuelan President was on his last legs.

 

 
Sep
27
2011
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Venezuela Expropriates Largest Domestic Ferry Company

Chávez is at it again! The Venezuelan president ordered Monday the expropriation of Conferry, the largest ferry company in the country. Conferry provides transportation from the mainland to Margarita Island, a popular tourist attraction.

Conferry’s expropriation coincided with a new report from Fedecámaras, Venezuela’s  equivalent of the U.S. Chamber of Commerce. In 2011 alone, Venezuela has expropriated 402 companies, according to Fedecámaras.

This is not the first time that the Chávez government interferes with Conferry’s operations. The company had been previously fined by the state-run consumer protection agency for alleged poor service.

This recent acquisition by the Chávez government is the latest entry in a long list of assets seized by the state. Business leaders say Chávez’s nationalizations are ruining the economy.

 
Jul
1
2011
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In Case You Missed It… Articles Roundup Week of 7/1/11

In this week’s round up… Venezuelan President Hugo Chavez breaks his silence, admitting he had surgery in Havana to remove a cancerous tumor; Chavez’s absence from Caracas raises questions about the future of the ruling party, PSUV, and his ability to continue to govern from abroad; Despite the President’s health crisis, the Chavez government continues its attacks against the free press, launching yet another questionable investigation against TV giant Globovision; and Venezuela has faltered in its fight against human trafficking.

 

Snap analysis: Chavez’s cancer surgery rocks Venezuela, Reuters

President Hugo Chavez’s announcement that he had surgery to remove a cancerous tumor has shaken up Venezuelan politics ahead of what was already looking like a tight race for the 2012 election. In an emotional speech from Cuba where he said he is recovering, the 56-year-old socialist did not give a timetable for his return to Venezuela and did not name a temporary leader. Here are some implications of his announcement:

Health Woes Cause Chávez to Postpone Key Summit, The Wall Street Journal

Venezuela postponed a regional summit to celebrate its 200th anniversary of independence, a move that is fueling widespread speculation that President Hugo Chávez is gravely ill. Mr. Chávez, holed up in a hospital in Cuba since June 10, was slated to host the two-day summit of Latin American and Caribbean leaders on the resort island of Margarita on July 5 and 6.

Venezuela To Probe Coverage Of Prison Riot By Local TV Network, The Wall Street Journal

Venezuelan authorities announced Thursday an investigation into the last major television station in the country openly critical of the government for allegedly attempting to fan civic unrest with what officials called misleading coverage of a prison riot. Globovision, which has been targeted by Venezuelan President Hugo Chavez in the past, faces a fine of 10% of gross revenue and could be taken off the air for up to 72 hours for its reports of the ongoing inmate uprising that officials say aimed to generate public unease and disorder.

 

Venezuela’s endeavors against human trafficking deemed insufficient, El Universal

US Secretary of State Hillary Rodham Clinton released the “2011 Trafficking in Persons Report.” A total of 184 countries, including the United States, were examined in the paper and it is concluded that as many as 27 million people might be living in slavery throughout the world.