Message to INFODIO readers: investigative journalism, which is what this site does, takes lots of time. Visiting media looking for a quick run down on Venezuela's gargantuan corruption, have the decency to at least cite the source when plagiarising this site's content without attribution (exhibit Reuters here and here, exhibit Bloomberg here, exhibit OCCRP here). To all readers, do the right thing, the honest thing: support independent investigative journalism, help us expose rampant corruption. Note added 28/06/2021: impostors are using this site's former editor's full name, and a fake email address (alek.boyd.arregui@gmail.com) to send copyright infringement claims / take down requests to web hosting companies (exhibit Hostgator). The attempt is yet another effort paid by corrupt thugs to erase information about their criminal activities. Infodio.com has no issues with other websites / journalists using / posting information published here, so long as the source is properly cited.

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Venezuela will join BRICS, then what?

"Venezuela formally applies to BRICS"... "China welcomes Venezuela's intention to join BRICS"... "Brazil's Lula favors bid by Venezuela to join BRICS"... "Nations queue up to join BRICS, to promote 'multipolar world'"... "Maduro meets Dilma and says that “sooner or later Venezuela will be part of the BRICS”"... Venezuela joining BRICS is one of those questions of when rather than if.

Nicolas Maduro is the one opposed to sanctions relief.

Think about it: sanctions are just the perfect justification. There's nothing quite so flexible, encompassing and revolutionary as being the target of U.S. Treasury sanctions. Everything can be explained under the purview of sanctions. Lack of food? Unemployment? No gasoline? Derelict hospitals and crumbling infrastructure? Malnutrition? Teachers striking? Power cuts? All of that, and more, happens because of sanctions. Like the Cuban dictatorship, chavismo has not lost, but reaffirmed the credibility of its now 24 year old criminal regime thanks to sanctions.

Nicolas Maduro signals intention with Elvis Amoroso's appointment

There's all this talk about how the Biden administration is working on a plan to ease sanctions on Venezuela. Coupled with the "scoop" about Jorge Rodriguez and U.S. National Security Council's Juan Gonzalez having met in different parts of the world, for back channel negotiations, it has driven the commentariat to conclude that Venezuela is about to add hundreds of thousands of barrels of oil per day to the market, which ultimately caused a (momentary) drop in prices.

Maduro's "anti corruption" drive: exhibit Latif Petrol Anonymous Wed, 07/26/2023 - 18:58

An "anti graft" drive was launched by Nicolas Maduro in March this year, after "realising" that Tareck El Aissami was, like all its predecessors, looting PDVSA and billions of dollars were unaccounted for. El Aissami was removed and hasn’t been seen since. Pedro Tellechea, PDVSA's new CEO, is meant to be driving a clean up operation that won't leave a stone unturned in its "fight against corruption". For instance, Wilmer Ruperti's petcoke contracts have been scrutinised.

U.S. Dept of Justice investigated Rafael Ramirez in 2018. Anonymous Wed, 07/19/2023 - 04:37

In the league of "corruption that bankrupts nations" Venezuela is an outlier. The corruption is of such scale that over a quarter of Venezuela's population have decided that exile and asylum seeking are better options. Corruption is, and has been, one of the fundamental policies of chavismo. Trillions of dollars have been lost since Hugo Chavez came to power in 1999. Whereas Chavez formulated the policy, Rafael Ramirez was hand-picked as executor in chief.

Maduro isn't Putin

An electoral event is rising on Venezuela's horizon: primaries that will determine the opposition's candidate. The main premise is that said opposition will present just one candidate against incumbent Nicolas Maduro in 2024's presidential elections. Maria Corina Machado is leading the primaries race. Manuel Rosales, Henrique Capriles, and others less known figures are also participating.

Does Venezuela really have world's largest oil reserves? Anonymous Mon, 06/05/2023 - 05:16

The claim that Venezuela had the "world's largest oil reserves" went viral during Hugo Chavez's presidency. It is a very convenient claim, from a geopolitical and economic viewpoint. It somehow makes the country more relevant. Chavez nurtured and repeated the legend every time he could. It became one of those revolutionary mantras that everyone regurgitates without question, like the lie that Venezuela was declared an "illiteracy free territory" by UNESCO.