Venezuelan President Nicols Maduro has been re-elected in a widely disputed election, with the opposition claiming widespread fraud, while the country's oil industry continues to struggle amid ongoing sanctions and mismanagement.
Last week, Venezuela ’s sitting President Nicolás Maduro was declared the winner of the country’s presidential vote, plunging the country into widespread protests amid glaring election irregularities. The 61-year-old Maduro beat the elderly opposition candidate, 74-year-old Mr González Urrutia, despite exit polls showing the latter garnering 65% of the vote.
eased some sanctions on Venezuela but retained sanctions on Venezuela’s state-owned oil company, PDVSA. issued a new license allowing certain transactions related to the export or re-export of liquefied petroleum gas LPG to Venezuela until July 8, 2025. However, transactions with Petróleos de Venezuela, S.A., the Venezuelan state-owned oil and natural gas company in which PdVSA has a 50 percent or greater interest, remain prohibited under the sanctions imposed by various executive orders.
Maduro Election Fraud Opposition Protests Oil Sanctions PDVSA Economy
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