Uncategorized

JUST IN: GUAIDO TAKES STRIDES TO TOPPLE MADURO

Guaido The US-recognized interim president of Venezuela called on the country’s people to hold the “largest march in the history of Venezuela” to urge Nicolas Maduro to leave office as the country languishes in chaos.

 

“We call on all the people to join in the largest march in the history of Venezuela to demand the end to the usurpation so this tragedy can end,” Guaido said on Friday.

 

The Venezuelan crisis has seen its oil industry reduced to a shadow of what it once was as the country’s oil production fell to new lows in March of 732,000 bpd—down from an average of 1.354 million bpd in 2018 and 1.911 million bpd in 2017, according to secondary sources provided by the latest edition of OPEC’s Monthly Oil Market Report.

 

Despite its reduced production levels, the country is experiencing a traffic jam offshore as US sanctions on the country stymie oil payments to the Latin American nation from would-be buyers, stranding already loaded cargo off the coast.

 

In addition to its oil industry woes, the country has suffered numerous blackouts in recent months—all while being managed by two opposing leaders in Maduro and Guaido. There are even two PDVSA boards—one for each party.

 

The US has steadily increased pressure on the troubled Latin nation, the latest round of which targeted Venezuela’s shipments to Cuba—an entrenched arrangement predating Maduro’s reign that provided Venezuela with much-needed skilled labor such as doctors and oil workers.

 

Guaido continues to try to wrest control of the country and its state-run oil company, and his National Assembly is expecting to vote on Monday on a $71 million interest payment on one of PDVSA’s bonds next week, Guaido’s appointed PDVSA board of directors announced today.

 

The payment would stave off potential creditors looking to get their due from PDVSA’s US-based refining arm, Citgo.

 

The details of where that money would come from remains unknown.

 

By Dominic C. Odoh

 
Click to Follow DcoGlobalNews.com

DCO Global News Contacts: For information on Press Releases, News, Advertisements, Videos, Photos, Events happenings, Promotional Events and Adverts, Share your stories with us, Please Call or Send a Text to our Whatsapp number; +886963563485, +886970840314.

Or send an email to; chionikdom02@yahoo.com, emydom29@gmail.com

(Like and Follow our Facebook Page; DCO Global News)

(Follow us on Twitter; @Dcoglobalnews)

(Follow us on LinkedIn; Dco Global News)

(Follow us on Tumblr; Dcoglobalnews)

(Follow us on Google +; Dco Global News TV)

(Subscribe to our YouTube Channel; DCO Global News TV)
Subscribe to DCO Global News. Advertise with us. Send us enquiries, press releases.
DCO Global News Promotes the Values of Democracy, Human Rights, Values of Life and Freedom of Expression in a Region Where Genuine Media Freedom Remains Elusive and where many Media outlets remain Divided along Ethnic Lines.

Let’s 🚶 Walk   the 🚶  Walk 🚶   Together.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s