MONTEVIDEO, Uruguay (ViaNews) – On Tuesday, Venezuela announced its own Cryptocurrency, called The Petro. A total of 100 million Petro coins – with an estimated value of US$6 billion – are going to be issued according to Venezuela´s Government. A private pre-sale of 38,4 million Petros has been launched after the official announcement, aiming to…
MONTEVIDEO, Uruguay (ViaNews) – Argentina, the second largest country in Latin America, will start 2018 with a new policy on electric vehicles, allowing the first clean energy vehicles in the country be made available for sale. The new policy aims to boost the production and sales of electric vehicles, promoting an E-mobility future by starting…
CARACAS, Venezuela (ViaNews) – In 1914, the Zumaque I, or MG-1, (the first oil well in Venezuelan territory) marked the beginning of the oil production in Venezuela. It was the milestone from agricultural to an oil-based economy, completely changing Venezuela’s contemporary history. Since then, oil has become a national symbol, associated with wealth-seeking, and strong…
CARACAS, Venezuela (ViaNews) – The 1920s saw Venezuela become a major oil-exporting country and it has, since then, ranked among the world’s top 10 hydrocarbon producing and exporting countries. Throughout history, there have been ups and downs within the supply and demand of oil crude, but what remained unchanged is the excessive economic dependence of…
New Delhi, India (VIAnews) – Globally, crude oil prices have almost halved over the past 3 years to hover around $50 a barrel. Driven by the shale oil boom in the United States combined with consistent production by OPEC nations, low crude prices have led to a boom in several economies overseas. However, the story…
CARACAS, Venezuela (ViaNews) – One of the first things that come to mind when thinking about Venezuela is its natural resources, but more specifically it’s oil. The indigenous communities knew well enough how to use this powerful resource before the arrival of the Spaniards, in fact, oil was used as a medicine to cure some…
