CITGO closed 2025 with increased profits and new production records
In 2025, CITGO once again established itself as a model of operational excellence and an industry leader, with exceptional results, new processing records, strong financial stability, and high standards of safety and transparency. These achievements demonstrate the technical expertise and commitment of the workforce and the entire corporate chain to maintaining professional and responsible management, […]
Oil and Energy Outlook for 2026: Disruptions in the Value Chain and Venezuela’s Potential Reintegration into the Global Market
The global oil industry is experiencing one of its most turbulent periods in decades. What had been a market heading toward stability at the start of 2026 was shaken within days by the outbreak of military conflict between the United States and Iran. The repercussions are being felt throughout the global energy chain, and their […]
The digital divide and energy development: The limits of connectivity as an obstacle to the reactivation of Venezuela’s oil sector
The world of work changed irreversibly in 2020. What the COVID-19 pandemic imposed out of necessity—working from home, signing contracts via video call, managing regulatory matters from another city or even another country—ended up becoming a permanent model. Remote work increased tenfold after the pandemic began and has stabilized at a level roughly five times […]
The Venezuelan oil industry requires significant investment in technology – Interview Tijelino Bravo
We interviewed Tijelino Bravo, who provided an overview of how automation, information technology, and telecommunications have transformed the way the oil industry operates and have made it easier to manage and control. Throughout the interview, he emphasized the need for significant investment in the sector. He began by describing what is known as AIT within […]
Hydrocarbons Law: an opening without a solid institutional framework – Interview with Horacio Medina
Before answering the questions, I would like to make a general comment about this hydrocarbons law reform, which, although it is a step in the right direction, we believe is not good enough, nor is it supported by structural changes to attract large investments in the sector. In our opinion, investors can assume geological, technical, […]
The opening of the Venezuelan oil sector: scope, institutional risks, and minimum conditions for investment
In 2001, Venezuela produced more than 3 million barrels per day and ranked first in the world in exports according to OPEC. Twenty-five years later, production is less than 1 million barrels per day, and although the country has the largest proven reserves on the planet, it ended up importing gasoline and diluents to sustain […]
Health, Safety and Environment in Venezuela: Diagnosis, challenges, and opportunities for the energy sector´s recovery
Health, Safety and Environment (HSE) in the oil industry is not a simple administrative requirement: it is a strategic pillar for trust, competitiveness, and attracting investment. At a time when Venezuela is redefining its energy model following the amendment of the Organic Law on Hydrocarbons and the opening up to private and foreign participation, the […]
The Venezuelan oil industry urgently needs to strengthen its culture of prevention – Interview with Manuel García
On this occasion, we interviewed Manuel García, a Venezuelan who is a national and international reference in the oil industry in the field of Health, Safety and Environment, also known as HSE. He is an industrial engineer with more than 40 years of experience in HSE management in the oil and gas, food and beverage, […]
The New Oil Opening in Venezuela: Economic and Social Impacts on Oil-Producing Regions
The transformation that Venezuela has been undergoing since the amendment of the Organic Law on Hydrocarbons at the end of January 2026 cannot be measured solely in terms of production figures or investment expectations. Above all, it can be measured in terms of its impact on the communities that have lived for decades at the […]
Constitutional Guardianship and Democratic Transition: A Conversation with Ramón Aguilar
Ramón Aguilar is a lawyer who graduated from the Central University of Venezuela (UCV), specializing in procedural law and labor law, with more than 30 years of experience in litigation, negotiation, and arbitration in the fields of civil, commercial, labor, and administrative law. He currently serves as an arbitrator and mediator at the Business Center […]
