A summary of the most outstanding information of the Venezuelan economic level.
Trinidad wants to talk with Trump to keep gas business with Venezuela
The new government of Trinidad and Tobago, one of the main exporters of LNG, He wants to open conversations with the administration of the president of the United States, Donald Trump, about access to natural gas fields on the border with Venezuela.
The leader of the United National Congress party (CNU), Kamla Perish-Bussar, It will be the new Prime Minister of the Caribbean State of 1.5 million inhabitants after the party won the general elections, ending 10 years of administration of the National Congress of the People (PNC) of Stuart Young. The UNC won 26 seats from the 41 members of the Assembly.
“We will work with the Trump administration to see How discussions can be reopened with the Venezuelan government over cross -border gas fields“said the UNC energy spokesman David Lee. It is expected to read will be appointed Minister of Energy.
“We have no closed doors in this matter“Lee said.” We will get directly involved with the United States, so he will trust us to solve our cross -border problems. “
Impact on Trinidad’s economy
The economy of Trinidad and Tobago, with gas scarcity, He was affected earlier this month by the revocation by the Trump government of the licenses granted by the administration of former US president Joe Biden to Trinidad.
The exemptions exempt from the sanctions for certain works to develop two gas fields that extend on both sides of the maritime border with Venezuela.
Access to Dragon and Manakin-Cocuina Gas fields It is “vital” to reverse the fall in Trinidad gas productionsaid Young.
Trinidad has been struggling to recover the flow of natural gas since November 2017, after a long fall from a maximum of 4.3 BCF/D in 2010. Gas production in 2024 was 2.53 BCF/D, and the fall in production suppressed the production of LNG, petrochemicals and fertilizers.
Trinity LNG production in 2024, 16.7 million m³, decreased 4.6% compared to 2023, according to the latest data from the Ministry of Energy.
The Atlantic liquefaction of 11.8 million tons per year in southwest Trinidad, which is the majority property of Shell and BP, is the only GNL producer in Trinidad.
Crude production has also decreased, moving from a maximum of 144,400 b/d in 2005 to 50,854 b/d in 2024, according to the Ministry of Energy.
The decrease in raw raw material contributed to the closure in 2018 of the Guaracara State Refinery, 160,000 barrels per day.
Young’s administration failed in several attempts to attract foreign investors to reopen the plant. last month, the Government selected the Nigeriana Petroleum and Gas Private company Oando to lease and operate the refinery.
But the incoming administration of UNC will end the negotiations with Oando to reopen the refinery and seek new investors for the plant, the party said. With information from banacaynegocios.com
BCV ensures that Venezuelan economy grew 9.32% in the first quarter
“In this way, the economic recovery process is maintained, initiated sixteen quarters, which allowed to close the year 2024 with an annual growth of 8.54%,” said the body without delving into greater details.
Highlighted the growth of 18.23% in the oil activity and of 13.46% of the mining sector during the period, “evidencing the response capacity of the economy against the external aggression that our country is experiencing, in the midst of the commercial war initiated by the US government that threatens to cause a world recession.”
He affirmed BCV That the results of the last four years indicate that the Venezuelan economy is prepared to overcome obstacles “derived from international economic instability and the unilateral aggressions scheme. Venezuela advances firmly, amid the storms, in its economic recovery.”
Until the time of publishing this information, The entity transmitter I had not published the rest of the data that make up GDP as the result of non -oil activity, of the balance of payments and the amount of imports and exports. With information from finanzasdigital.com
Adam Celis: “The remuneration model that exists in the country does not work “
The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Adam Celis, said that The integral income of workers in the private sector “is above” of the minimum integral income decreed by the National Executive.
He also stressed that “The remuneration model that exists in the country does not work, was exhausted. That model worked when there was an economy subsidized by oil revenues. “
He argued that both companies, unions, workers and the government They must sit down to discuss “a new model” of remuneration that benefits or mainly act on the entry of the worker.
Celis said that “people do not need to put loads or payments that will be made within 6 months or a year” and added that the State “He shows that he cannot touch the minimum wage due to the implications that retroactivity has.”
He also pointed out that people need income, “But it is a shirt of force for both the State and the private company to continue with this remuneration model”.
“You have to modify the current model”, He stressed while emphasizing that Venezuelan businessmen want workers to win more.
The unionist said in Radio Union that “a different model” must be done, as well as to a different, modern economic model, that privileges people’s entrepreneurship. With information from bancaynegocios.com
official price of $ vs Bs
The official dollar opens on Monday, May 5 in Bs 88,64 according to the average published by the Central Bank of Venezuela While the value of the other dollar was in the afternoon of today May 2 in Bs 109,20
