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Hugo Rafael Chávez Frías was a Venezuelan politician who was president of Venezuela from 1999 until his death in 2013, except for a brief period in 2002. Chávez was also leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when it merged with several other parties to form the United Socialist Party of Venezuela (PSUV), which he led until 2012.
A failed coup d'état on 11 April 2002 saw the president of Venezuela, Hugo Chávez, ousted from office for 47 hours before being restored to power. Chávez was aided in his return to power by popular support and mobilization against the coup by loyal ranks in the military. Those who opposed Chávez claimed that his government was becoming undemocratic. By early 2002, Chávez's approval rating dropped to around 30%. The growing dissatisfaction with Chávez among those in the military due to his aggressive manner, and alliances with Cuba and paramilitaries also led multiple officers to call on Chávez to resign.
Petróleos de Venezuela, S.A. is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976 with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.
Alí Rodríguez Araque was a Venezuelan politician, lawyer, and diplomat.
Carlos Alfonso Ortega Carvajal is a former union and political leader in Venezuela. Ortega, then head of Fedepetrol, the oil workers union, was elected leader of the Confederación de Trabajadores de Venezuela (CTV) union federation in 2001. He played an important role during the Venezuelan general strike of 2002-2003, resulting in a 16-year prison term. Ortega ultimately escaped from prison on 13 August 2006.
Since 2 February 1999, Venezuela saw sweeping and radical shifts in social policy, moving away from the last governments officially embracing a free-market economy and liberalization reform principles and towards income redistribution and social welfare programs.
The Venezuelan general strike of 2002–2003 was an attempt by the Venezuelan opposition to President Hugo Chávez to summon a new presidential election. It took place from December 2002 to February 2003, when it faded. The government fired over 18,000 PDVSA employees and arrest warrants were issued for the presidents of the striking organizations. The main impact of the strike derived from the stoppage of the oil industry, in particular the state-run PDVSA, which provides a majority of Venezuelan export revenue. The strike was preceded by the 2002 Venezuelan coup d'état attempt in April 2002, and a one-day strike in October 2002.
The Maletinazo, Valijagate, or suitcase scandal was a 2007 scandal involving Venezuela and Argentina, souring friendship between the countries.
Bolibourgeoisie or Bolichicos are terms describing the new bourgeois created by the Venezuelan government of Hugo Chávez and Chavismo, made up of people who became rich under the Chávez administration. The term was coined by journalist Juan Carlos Zapata to "define the oligarchy that has developed under the protection of the Chávez government".
Venezuela has the world's largest proven oil reserves at an estimated 304 billion barrels as of 2020. The country was one of the world's largest exporters of oil, but the oil industry saw a significant decline since its peak in 2012.
Canal i is a privately owned 24-news channel based in Caracas, Venezuela which can be seen over-the-air in the cities of Caracas, Maracaibo, and Barquisimeto on channels 57, 53, and 63 respectively. It was officially inaugurated on October 5, 2007.
From his election in 1998 until his death in March 2013, the administration of the late Venezuelan President Hugo Chávez proposed and enacted populist economic policies as part of his Bolivarian Revolution.
The level of corruption in Venezuela is very high by world standards and is prevalent throughout many levels of Venezuelan society. Discovery of oil in Venezuela in the early 20th century has worsened political corruption. The large amount of corruption and mismanagement in the country has resulted in severe economic difficulties, part of the crisis in Bolivarian Venezuela. According to Transparency International's 2021 Corruption Perception Index, Venezuela scored a 14 on a scale from 0 to 100. When ranked by score, Venezuela ranks number 177 among the 180 countries in the Index, where the country ranked number 1 is perceived to have the most honest public sector.
Venezuela and Vietnam established diplomatic links on December 8, 1989. Vietnam has an embassy in Caracas and Venezuela has an embassy in Hanoi. Though bilateral trade was US$11.7 million in 2007, relations show "great potential". Since 2008, the two countries have witnessed new developments in various fields, including politics, economics, culture and society, particularly in the oil and gas industry.
The United States of America v. Efrain Antonio Campo Flores and Franqui Francisco Flores de Freitas was a court case surrounding two nephews of Venezuelan President Nicolás Maduro, Efraín Antonio Campo Flores and Francisco Flores de Freitas, who were found guilty of attempting to transport 800 kilograms of cocaine into the United States.
Venezuela, officially the Bolivarian Republic of Venezuela, is a country located on the northern coast of South America. It is known for its large proven oil reserves. Before oil was discovered, Venezuelan production was primarily agriculture, such as coffee and cocoa. After the first commercial drilling for oil in 1917, oil production increased drastically due to the oil boom of the 1920s and was later furthered by World War II, as Venezuela supplied oil to the United States. From 1958 to 1989, democratic leaders attempted to use the large oil revenues to invest in other industry through various policies such as import substitution and other programs designed to diversify the Venezuelan economy away from a highly specialised export range. These attempts, for the most part, were unsuccessful as Venezuelan government revenues continued to be highly volatile due to the fluctuating price of oil, which was reflected especially throughout the 1980s due to the oil price crash. After struggling with fiscal debts due to a variety of trade protection measures and other policies, the President of 1989, President Andrés Pérez, worked with the International Monetary Fund in an attempt to rectify some of the issues plaguing the Venezuelan government. Perez was eventually unsuccessful due to political instability due to proposed austerity measures, and Hugo Chávez was later elected in 1998, after a defeat of both major political parties. The Chávez government begun enacting various socialist programs, such as free education and healthcare. These programs would continue up until Chávez's death in 2013. President Nicolás Maduro, Chávez's successor, was elected on 14 April 2013 and pledged to continue Chávez's work. However, due to hyperinflation, shortages of food and medicine and political instability, about 3 million Venezuelans have fled the country since 2015.
Gonzalo E. Vázquez is a Venezuelan investment banker. He is the founder and managing director of Vazas & Company, a financial advisory firm in Latin America.
Despite having the largest oil reserves in the world, Venezuela has experienced fuel shortages several times throughout its history due to both economic and political reasons. The general strike of 2002–2003 resulted in the stoppage of the oil industry, which caused fuel shortages domestically, and Nicolás Maduro's administration has experienced chronic gasoline shortages.
FSO Nabarima is a floating storage and offloading vessel that is permanently moored offshore of Venezuela at the Corocoro oil field in the Gulf of Paria, located between Venezuela and the island of Trinidad. After production at Corocoro ceased in 2019 following United States sanctions on the Venezuelan state oil company Petróleos de Venezuela (PDVSA) and following years of neglect, Nabarima fell into a state of disrepair, and was reported in 2020 to be at risk of spilling her cargo of about 1.3 million barrels of crude oil.
María Fernanda Di Giacobbe is a Venezuelan chocolatier, chef and entrepreneur. In 2016 she was awarded the first Basque Culinary World Prize, an international prize awarded annually since 2016 by the Basque government and the Basque Culinary Center.
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