1 day ago
Prosecutors in New York are expected to bring new charges against former Venezuelan President Nicolás Maduro and his wife Cilia Flores over the alleged torture of Americans who were held in Venezuelan government custody in recent years, according to multiple people familiar with the investigation.
An announcement could come as soon as Thursday, the people said.
The new charges relate to what the US government has said was the wrongful detention of more than a dozen US citizens in Venezuelan prisons during the time Maduro led a repressive regime in Venezuela, the people briefed on the investigation said.
Investigators have also discussed charging several additional people for their alleged role in the torture of Americans, according to a source familiar with the matter.
CNN has reached out to lawyers for Maduro and Flores.
#americans #government
An announcement could come as soon as Thursday, the people said.
The new charges relate to what the US government has said was the wrongful detention of more than a dozen US citizens in Venezuelan prisons during the time Maduro led a repressive regime in Venezuela, the people briefed on the investigation said.
Investigators have also discussed charging several additional people for their alleged role in the torture of Americans, according to a source familiar with the matter.
CNN has reached out to lawyers for Maduro and Flores.
#americans #government
2 days ago
Ana de Armas and boyfriend Beto Montenegro were photographed leaving their Paris hotel together on Oct. 6th as the actress headed to Louis Vuitton's Spring-Summer 2027 show, according to Just Jared.
The 38-year-old actress wore a plunging black leather blazer and matching microshorts from the house's Resort 2027 collection. Tan straps threaded through silver rings lined the jacket's sides. She paired the outfit with black knee-high boots and a small brown handbag.
Montenegro, a Venezuelan musician, accompanied her in an olive jacket and brown trousers. He finished his look with sunglasses and bright pink sneakers.
De Armas is a Louis Vuitton house ambassador and appears in its Mythica high-jewelry campaign.
A separate photograph posted by Splash News on Oct. 7th showed the pair out after dark. The agency identified their destination as a Louis Vuitton afterparty.
#brown #Paris
The 38-year-old actress wore a plunging black leather blazer and matching microshorts from the house's Resort 2027 collection. Tan straps threaded through silver rings lined the jacket's sides. She paired the outfit with black knee-high boots and a small brown handbag.
Montenegro, a Venezuelan musician, accompanied her in an olive jacket and brown trousers. He finished his look with sunglasses and bright pink sneakers.
De Armas is a Louis Vuitton house ambassador and appears in its Mythica high-jewelry campaign.
A separate photograph posted by Splash News on Oct. 7th showed the pair out after dark. The agency identified their destination as a Louis Vuitton afterparty.
#brown #Paris
3 days ago
Updated on: October 5, 2026 / 7:29 PM EDT / CBS News
President Trump said Monday he will start paying for the pro-Trump ads that have blanketed the airwaves in recent weeks with money raised by his super PAC, after his administration drew intense pushback for using public funds on the ads.
"The Radical Left is upset with the fact that I am taking Ads, which I consider to be a positive promotion for our Great U.S.A., and paying for them with U.S.A. money," the president wrote on Truth Social. "This is a rather standard thing to do but, rather than doing that, although nothing will make them happy, I have decided to do the Patriotic Ads, among others, and pay for them myself, and with money I raised for MAGA, Inc."
Emblazoned with the message "Paid for by the U.S. Government," the ads began popping up late last month on national cable and broadcast networks, including CBS, as the November midterm elections approach.
Several variations have aired, including one that features a recording of Mr. Trump saying, "We will defeat communism, socialism and Marxism in America," as photos of the president flash across the screen. Another recounts the U.S. capture of former Venezuelan President Nicolás Maduro.
#paying
President Trump said Monday he will start paying for the pro-Trump ads that have blanketed the airwaves in recent weeks with money raised by his super PAC, after his administration drew intense pushback for using public funds on the ads.
"The Radical Left is upset with the fact that I am taking Ads, which I consider to be a positive promotion for our Great U.S.A., and paying for them with U.S.A. money," the president wrote on Truth Social. "This is a rather standard thing to do but, rather than doing that, although nothing will make them happy, I have decided to do the Patriotic Ads, among others, and pay for them myself, and with money I raised for MAGA, Inc."
Emblazoned with the message "Paid for by the U.S. Government," the ads began popping up late last month on national cable and broadcast networks, including CBS, as the November midterm elections approach.
Several variations have aired, including one that features a recording of Mr. Trump saying, "We will defeat communism, socialism and Marxism in America," as photos of the president flash across the screen. Another recounts the U.S. capture of former Venezuelan President Nicolás Maduro.
#paying
7 days ago
In December 2025, about a month before the U.S. invaded Venezuela and captured its president, Nicolás Maduro, President Trump had a secret meeting with Elon Musk, Time magazine reports. This was roughly seven months after Musk left his role in the Trump administration at the Department of Government Efficiency (DOGE).
During this meeting, Trump "spent hours" talking to Musk's Grok chatbot, including asking how Venezuelans would respond to the capture of their president, a source told Time. Just a few months earlier, in September, Trump began ordering U.S. military strikes against Venezuelan boats that Trump alleged were involved in drug trafficking.
People had apparently been turning to Grok asking about the boat strikes and political climate in Venezuela, as The Atlantic reported at the time. So Grok told Trump that Maduro was a "deeply unpopular dictator and that many Venezuelans would likely celebrate his downfall," Time reported.
When such celebrations indeed happened after the U.S. invaded on January 3, Trump apparently "came away thinking Grok was ingenious," that source told Time.
So perhaps it should come as no surprise that in June of this year, the Pentagon's head of AI said that the military used Grok Gov to deploy and strike targets during the Iran War.
#grok #told #musk
During this meeting, Trump "spent hours" talking to Musk's Grok chatbot, including asking how Venezuelans would respond to the capture of their president, a source told Time. Just a few months earlier, in September, Trump began ordering U.S. military strikes against Venezuelan boats that Trump alleged were involved in drug trafficking.
People had apparently been turning to Grok asking about the boat strikes and political climate in Venezuela, as The Atlantic reported at the time. So Grok told Trump that Maduro was a "deeply unpopular dictator and that many Venezuelans would likely celebrate his downfall," Time reported.
When such celebrations indeed happened after the U.S. invaded on January 3, Trump apparently "came away thinking Grok was ingenious," that source told Time.
So perhaps it should come as no surprise that in June of this year, the Pentagon's head of AI said that the military used Grok Gov to deploy and strike targets during the Iran War.
#grok #told #musk
19 days ago
A Wall Street Journal report on September 16 revealed that ExxonMobil Holdings Corporation (NYSE:XOM) is nearing a preliminary agreement with Venezuela's state-owned PDVSA, potentially marking its return to the country almost two decades after its ***** ets were nationalized. According to Reuters, Exxon has shown interest in the large Petromonagas heavy oil project in the Orinoco Belt, as well as in areas in the neighboring Carabobo block.
While the talks are still in their preliminary phase and could still fall apart or be delayed, they mark a major turnaround from Exxon's previous stance on Venezuela. The company's CEO, Darren Woods, stated in January that the country was "uninvestable" without durable investment protections, legal reforms, and changes to its hydrocarbon laws.
The development comes amid a broader push by the Trump administration to open Venezuela's oil industry to American companies and revive the country's dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total.
Venezuela could provide Exxon with access to an enormous resource base at a time when the company is actively seeking low-cost and long-duration ***** ets. The fields under consideration are estimated to contain more than 50 billion barrels of oil buried underground.
Exxon already holds an advantage through its previous experience in the country. Petromonagas, formerly called Cerro Negro, was once the energy firm's flagship project in Venezuela, giving it familiarity with the country's vast heavy and extra-heavy crude resources. Petromonagas also remains one of the few Venezuelan projects with an operational upgrader capable of turning the Orinoco's extra-heavy crude into lighter exportable grades.
#heavy #project
While the talks are still in their preliminary phase and could still fall apart or be delayed, they mark a major turnaround from Exxon's previous stance on Venezuela. The company's CEO, Darren Woods, stated in January that the country was "uninvestable" without durable investment protections, legal reforms, and changes to its hydrocarbon laws.
The development comes amid a broader push by the Trump administration to open Venezuela's oil industry to American companies and revive the country's dilapidated oil infrastructure. The South American nation is sitting on the largest proven crude oil reserves in the world, accounting for roughly 17% of the global total.
Venezuela could provide Exxon with access to an enormous resource base at a time when the company is actively seeking low-cost and long-duration ***** ets. The fields under consideration are estimated to contain more than 50 billion barrels of oil buried underground.
Exxon already holds an advantage through its previous experience in the country. Petromonagas, formerly called Cerro Negro, was once the energy firm's flagship project in Venezuela, giving it familiarity with the country's vast heavy and extra-heavy crude resources. Petromonagas also remains one of the few Venezuelan projects with an operational upgrader capable of turning the Orinoco's extra-heavy crude into lighter exportable grades.
#heavy #project
19 days ago
Chevron Corporation (NYSE:CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil rigs it operates in the country as part of its five-year plan to increase output.
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
20 days ago
Updated Sept 17, 2026, 4:16 pm EDT / Original Sept 17, 2026, 6:38 am EDT
Stocks rose Thursday
as oil prices and Treasury yields pulled back in a rebound from Wednesday’s selloff that followed the Federal Reserve’s
interest-rate increase
.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S.-Canada energy trade already delivers energy security and abundance for consumers on a larger scale than Venezuela can provide, Ben Cahill writes.
#updated #stocks
Stocks rose Thursday
as oil prices and Treasury yields pulled back in a rebound from Wednesday’s selloff that followed the Federal Reserve’s
interest-rate increase
.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S.-Canada energy trade already delivers energy security and abundance for consumers on a larger scale than Venezuela can provide, Ben Cahill writes.
#updated #stocks
21 days ago
Updated Sept 16, 2026, 12:44 pm EDT / Original Sept 16, 2026, 10:49 am EDT
Power availability is a key constraint to
AI growthExternal link
. Computers need to be turned on. That idea has sent data center operators scrambling for internally controlled power-generation solutions, helping send shares of power-equipment providers to the moon.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S.-Canada energy trade already delivers energy security and abundance for consumers on a larger scale than Venezuela can provide, Ben Cahill writes.
#power #sept #updated
Power availability is a key constraint to
AI growthExternal link
. Computers need to be turned on. That idea has sent data center operators scrambling for internally controlled power-generation solutions, helping send shares of power-equipment providers to the moon.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
U.S.-Canada energy trade already delivers energy security and abundance for consumers on a larger scale than Venezuela can provide, Ben Cahill writes.
#power #sept #updated
25 days ago
Art Garfunkel says he is considering leaving the United States as he voiced his frustration with the direction of the country.
The 84-year-old singer discussed his concerns about climate change, global hunger and President Donald Trump in an interview with The Guardian published September 4.
"I don't like America's position at all. I'm not aboard, and I'm thinking of leaving the country, frankly," the Simon & Garfunkel singer said.
He also expressed concern about climate change, saying: "It's real that the planet is getting warmer, that the water's rising, that so many people are starving."
Garfunkel went on to question President Trump's actions involving Venezuela before saying he was hopeful for the country's future.
#change #saying #united
The 84-year-old singer discussed his concerns about climate change, global hunger and President Donald Trump in an interview with The Guardian published September 4.
"I don't like America's position at all. I'm not aboard, and I'm thinking of leaving the country, frankly," the Simon & Garfunkel singer said.
He also expressed concern about climate change, saying: "It's real that the planet is getting warmer, that the water's rising, that so many people are starving."
Garfunkel went on to question President Trump's actions involving Venezuela before saying he was hopeful for the country's future.
#change #saying #united
27 days ago
The Detroit Tigers are about to make a rotation change that looks temporary on paper.
It may not stay that way.
Left-hander Andrew Sears is already in Detroit and is expected to start Saturday against the Colorado Rockies. The Tigers are expected to place Keider Montero on the paternity list as he travels to Venezuela for the birth of his child, according to reporting from Evan Woodbery.
Normally, that would be a straightforward swap. One starter leaves for a few days, another fills his spot, and everything returns to normal when the original starter comes back.
Detroit's situation is more complicated because Jack Flaherty is also closing in on his return from the injured list.
#list #starter
It may not stay that way.
Left-hander Andrew Sears is already in Detroit and is expected to start Saturday against the Colorado Rockies. The Tigers are expected to place Keider Montero on the paternity list as he travels to Venezuela for the birth of his child, according to reporting from Evan Woodbery.
Normally, that would be a straightforward swap. One starter leaves for a few days, another fills his spot, and everything returns to normal when the original starter comes back.
Detroit's situation is more complicated because Jack Flaherty is also closing in on his return from the injured list.
#list #starter
28 days ago
After signing what President Donald Trump touted as "the biggest oil deal in world history" to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S. Administration is setting its sights on the South American country's potentially vast gold and critical minerals wealth.
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.
#venezuela
29 days ago
Chinese independent refiners may be about to start reducing their processing rates as international oil prices rise and supply from major exporters such as Venezuela and Iran dries up as a result of U.S. foreign policy decisions.
"Teapots are unlikely to be able to afford a full shift to mainstream grades," an Energy Aspects ***** yst said this week, as quoted by Bloomberg. The so-called teapots are more sensitive to adverse oil market changes due to their refining margins being slimmer than those of state-owned majors. These margins have already fallen to breakeven, from around $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.
#june #july #China #middle
"Teapots are unlikely to be able to afford a full shift to mainstream grades," an Energy Aspects ***** yst said this week, as quoted by Bloomberg. The so-called teapots are more sensitive to adverse oil market changes due to their refining margins being slimmer than those of state-owned majors. These margins have already fallen to breakeven, from around $10 per barrel in early July, Jianan Sun also said.
China imported 37.93 million tons, or 8.93 million barrels per day of crude oil in August, up by 6.2% compared to July, and further recovering from the decade-low seen in June, official Chinese customs data showed on Tuesday. The August import level was still 23.4% lower compared to the same month last year, but it's a marked improvement from the June lows of just 7.1 million bpd.
China slashed its total crude oil imports to a decade low in June, culminating three months of very low import levels amid high prices and constrained supply from the Middle East. This affected refinery output, which in turn contributed to the global fuel squeeze that is now set to deepen and extend in time as fighting in the Middle East continues and intensifies, pushing oil prices higher and sapping some refiners' appetite for the commodity.
With Venezuelan and Iranian crude all but gone, Chinese refiners will probably lean more heavily on Russian crude in the coming weeks. However, Russian crude prices are also on the rise on the futures market, in tune with all the other blends that trade internationally, which will likely put a lid on demand.
#june #july #China #middle
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
29 days ago
Brazil was far superior to Ecuador, but the match ended 0-0Credits: Diana Carrillo / Staff Images / CBF
Brazil's U-15 Men's National Team drew 0-0 with Ecuador in the second round of the 2026 CONMEBOL Liga Evolución, on Thursday morning (10), at Parque Guasu, in Luque, Paraguay. The result kept Brazil at the top of the North Zone group. In the other match in this group, Venezuela and Colombia drew 1-1.
Brazil was the better side, created scoring chances, gave the opposition almost no room to attack, but struggled against Ecuador's tight marking. In the first half, they had two good chances from free kicks, both saved by the opposing goalkeeper.
In the second half, the Canarinho improved and pinned Ecuador back in its own half, creating a string of chances. In the 37th minute, Isaac won a penalty as he broke free into the box. Kelwin took the spot kick, but it was saved by Ecuador's goalkeeper, the standout player of the match.
Brazil's next match will be on Saturday (12), against Venezuela, at 8:40 a.m. (Brasília time)
#free
Brazil's U-15 Men's National Team drew 0-0 with Ecuador in the second round of the 2026 CONMEBOL Liga Evolución, on Thursday morning (10), at Parque Guasu, in Luque, Paraguay. The result kept Brazil at the top of the North Zone group. In the other match in this group, Venezuela and Colombia drew 1-1.
Brazil was the better side, created scoring chances, gave the opposition almost no room to attack, but struggled against Ecuador's tight marking. In the first half, they had two good chances from free kicks, both saved by the opposing goalkeeper.
In the second half, the Canarinho improved and pinned Ecuador back in its own half, creating a string of chances. In the 37th minute, Isaac won a penalty as he broke free into the box. Kelwin took the spot kick, but it was saved by Ecuador's goalkeeper, the standout player of the match.
Brazil's next match will be on Saturday (12), against Venezuela, at 8:40 a.m. (Brasília time)
#free
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
1 month ago
Kauã Lucas scored the winning goal in the Brazil U-15 Men's National Team's 1-0 victory over Colombia in their openerCredits: Diana Carrillo / Staff Images / CBF
The Brazil U-15 Men's National Team opened its CONMEBOL Liga Evolución 2026 campaign with a 1-0 win over Colombia on Tuesday morning (8) at Parque Guasu in Luque, Paraguay. Kauã Lucas scored the goal that earned the young Seleção all three points in the 29th minute of the first half.
After a long clearance for the Brazilian defense, Valmir headed the ball back toward the young Seleção's attack and found Samuell, who passed to Kauã Lucas. Wearing the No. 11 shirt, he controlled the play with his head, already getting past the Colombian defender. He then burst forward at speed until he was one-on-one with the opposing goalkeeper and finished into the corner to seal the final score.
The result put Brazil at the top of the North Zone group. In the other match in the group, Venezuela and Peru drew 4-4.
__instagram:https://www.instagram.com/...
#young #Instagram
The Brazil U-15 Men's National Team opened its CONMEBOL Liga Evolución 2026 campaign with a 1-0 win over Colombia on Tuesday morning (8) at Parque Guasu in Luque, Paraguay. Kauã Lucas scored the goal that earned the young Seleção all three points in the 29th minute of the first half.
After a long clearance for the Brazilian defense, Valmir headed the ball back toward the young Seleção's attack and found Samuell, who passed to Kauã Lucas. Wearing the No. 11 shirt, he controlled the play with his head, already getting past the Colombian defender. He then burst forward at speed until he was one-on-one with the opposing goalkeeper and finished into the corner to seal the final score.
The result put Brazil at the top of the North Zone group. In the other match in the group, Venezuela and Peru drew 4-4.
__instagram:https://www.instagram.com/...
#young #Instagram
1 month ago
(Bloomberg) -- Treasury Secretary Scott Bessent said oil prices will nosedive to as low as $40 a barrel once the Iran conflict is over, pulling down bond yields that have lately hit the highest levels in years.
Most Read from Bloomberg
Apple to Kick Off Ternus Era With Its Biggest-Ever Slate of New Products
Fox News Calls Maria Bartiromo Firing a 'Business Decision'
US Grip on Venezuelan Oil Threatens Billions Owed to China
#Apple
Most Read from Bloomberg
Apple to Kick Off Ternus Era With Its Biggest-Ever Slate of New Products
Fox News Calls Maria Bartiromo Firing a 'Business Decision'
US Grip on Venezuelan Oil Threatens Billions Owed to China
#Apple
1 month ago
By Sarah Kinosian, Marianna Parraga and Gram Slattery
CARACAS/MIAMI, Sept 5 (Reuters) - The billionaire who helped broker the Trump administration's sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after **** isting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington's key partner in an unusual oil agreement with Caracas.
According to last week's announcement, the U.S. gains access to about one-fifth of Venezuela's crude reserves for decades. The Pentagon's Office of Strategic Capital takes a 35% stake in North American Blue Energy Partners (NABEP), Betancourt's company and a known crude producer in Venezuela. The State Department gets the right to buy 20% of NABEP's oil at cost, and preferential access to the remaining 80% of output.
The deal marks a striking change of fortune for Betancourt, who four people familiar with U.S. policy in Venezuela said was key to U.S. strategy and planning in the lead-up to the January 3 operation that removed former President Maduro from power and flew him to New York to face charges of drug-trafficking, which Maduro denies.
Asked about the investigations of Betancourt, a U.S. official who declined to be named said most of the legal challenges were nearly a decade old — and that he currently has no legal problems in the United States. NABEP's record of pumping oil in Venezuela made Betancourt the best partner to help boost output under the arrangement, the official said.
#venezuela #deal #partner
CARACAS/MIAMI, Sept 5 (Reuters) - The billionaire who helped broker the Trump administration's sweeping long-term oil deal with Venezuela was until recently a target of U.S. money-laundering investigations involving funds embezzled from the state-owned oil company PDVSA. Now, after **** isting U.S. authorities ahead of the capture of authoritarian leader Nicolas Maduro, Alejandro Betancourt is Washington's key partner in an unusual oil agreement with Caracas.
According to last week's announcement, the U.S. gains access to about one-fifth of Venezuela's crude reserves for decades. The Pentagon's Office of Strategic Capital takes a 35% stake in North American Blue Energy Partners (NABEP), Betancourt's company and a known crude producer in Venezuela. The State Department gets the right to buy 20% of NABEP's oil at cost, and preferential access to the remaining 80% of output.
The deal marks a striking change of fortune for Betancourt, who four people familiar with U.S. policy in Venezuela said was key to U.S. strategy and planning in the lead-up to the January 3 operation that removed former President Maduro from power and flew him to New York to face charges of drug-trafficking, which Maduro denies.
Asked about the investigations of Betancourt, a U.S. official who declined to be named said most of the legal challenges were nearly a decade old — and that he currently has no legal problems in the United States. NABEP's record of pumping oil in Venezuela made Betancourt the best partner to help boost output under the arrangement, the official said.
#venezuela #deal #partner
1 month ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Chevron is making a multibillion dollar bet on Venezuela's troubled oil industry.
The company announced on Sept. 2 that it plans to expand operations and, together with Venezuelan joint-venture partners, invest over $7 billion to double local oil production within five years (1).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#jeff
Chevron is making a multibillion dollar bet on Venezuela's troubled oil industry.
The company announced on Sept. 2 that it plans to expand operations and, together with Venezuelan joint-venture partners, invest over $7 billion to double local oil production within five years (1).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#jeff
1 month ago
Chevron's 52-week high reflects three Venezuela JVs that grew production to 250,000 barrels daily, not the private company's 65-billion-barrel headline lease.
CVX's core thesis rests on Permian scale, Guyana's Stabroek block, and a 20-year Microsoft power purchase agreement, while Venezuela represents pure upside optionality.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Venezuela reportedly lays claim to over 300 billion barrels of proven oil reserves, and the U.S. has set its sights on more of them.
Bloomberg News correspondent Tyler Kendall reported from Caracas this week that the headline prize of Washington's Venezuela deal, a 100-year lease on 17 strategic oil fields holding a claimed 65 billion barrels, went to a private, non-supermajor bidder: North American Blue Energy Partners, a private company that cannot develop the fields alone and has yet to sign on producing partners. Meanwhile, Chevron (NYSE:CVX) stock just printed a fresh 52-week high at $212.79 on a separate, parallel Venezuela commitment. The two developments deserve to be evaluated separately.
#barrels #lease #year
CVX's core thesis rests on Permian scale, Guyana's Stabroek block, and a 20-year Microsoft power purchase agreement, while Venezuela represents pure upside optionality.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now. The report is free. Enter your email and see if any of your stocks made the cut.
Venezuela reportedly lays claim to over 300 billion barrels of proven oil reserves, and the U.S. has set its sights on more of them.
Bloomberg News correspondent Tyler Kendall reported from Caracas this week that the headline prize of Washington's Venezuela deal, a 100-year lease on 17 strategic oil fields holding a claimed 65 billion barrels, went to a private, non-supermajor bidder: North American Blue Energy Partners, a private company that cannot develop the fields alone and has yet to sign on producing partners. Meanwhile, Chevron (NYSE:CVX) stock just printed a fresh 52-week high at $212.79 on a separate, parallel Venezuela commitment. The two developments deserve to be evaluated separately.
#barrels #lease #year
1 month ago
The global selloff in sovereign debt paused and equity markets moved sideways in early European trade as investors were on alert for further currency intervention after the ****** anese yen surged against the dollar.
The yen rose by more than 1% against the dollar to a near one-month high. Traders are betting that ****** anese authorities could once again intervene to support the currency. Markets are pricing in a 77% chance of a Bank of ****** an rate hike later this month, according to LSEG.
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
Highlights From the Messy Divorce Trial of a Hedge-Fund ****** an
Why Trump's Venezuela Oil Grab Is No Quick Fix for Gas Prices
#currency
The yen rose by more than 1% against the dollar to a near one-month high. Traders are betting that ****** anese authorities could once again intervene to support the currency. Markets are pricing in a 77% chance of a Bank of ****** an rate hike later this month, according to LSEG.
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
Highlights From the Messy Divorce Trial of a Hedge-Fund ****** an
Why Trump's Venezuela Oil Grab Is No Quick Fix for Gas Prices
#currency
1 month ago
The **** anese yen strengthened to a one-month high against the dollar, amid chatter that authorities could again intervene in foreign-exchange markets.
A sharp appreciation of the yen in New York trade on Wednesday sparked some speculation that **** anese authorities checked on currency rates, a move considered to be a sign or warning that they are on the verge of intervention.
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
Highlights From the Messy Divorce Trial of a Hedge-Fund **** an
Why Trump's Venezuela Oil Grab Is No Quick Fix for Gas Prices
#japanese #wednesday #truck #year
A sharp appreciation of the yen in New York trade on Wednesday sparked some speculation that **** anese authorities checked on currency rates, a move considered to be a sign or warning that they are on the verge of intervention.
Ford's $30,000 EV Truck Sets Ambitious Goal: 100,000 Sales in Year One
Highlights From the Messy Divorce Trial of a Hedge-Fund **** an
Why Trump's Venezuela Oil Grab Is No Quick Fix for Gas Prices
#japanese #wednesday #truck #year
1 month ago
Italy's Eni has signed a 25-year contract with Venezuela's state oil company PDVSA that makes the Italian energy major the exclusive operator of the giant Junín-5 heavy-oil field in the Orinoco Belt.
The agreement gives Eni responsibility for the technical, financial and commercial management of Junín-5, which contains an estimated 35 billion barrels of certified oil in place but currently produces just 12,000 barrels per day.
The deal marks a significant change from the previous Petrojunín joint-venture structure, under which PDVSA held 60% and Eni 40%. Venezuela's recently reformed hydrocarbons law allows foreign and domestic companies greater autonomy to operate fields, market production and receive proceeds from oil sales.
The signing took place during U.S. Energy Secretary Chris Wright's visit to Caracas and comes amid a broader revival of foreign investment in Venezuela's oil industry. Chevron separately announced plans to invest $7 billion over five years and more than double its Venezuelan production to 600,000 bpd by 2031.
Eni has major ambitions for Junín-5. The company originally envisioned developing the field to 240,000 bpd, although that target—initially planned for 2018—was never achieved. The Financial Times reported Wednesday that Eni plans to invest around $1.5 billion annually as it ramps up the project.
#billion #pdvsa #field
The agreement gives Eni responsibility for the technical, financial and commercial management of Junín-5, which contains an estimated 35 billion barrels of certified oil in place but currently produces just 12,000 barrels per day.
The deal marks a significant change from the previous Petrojunín joint-venture structure, under which PDVSA held 60% and Eni 40%. Venezuela's recently reformed hydrocarbons law allows foreign and domestic companies greater autonomy to operate fields, market production and receive proceeds from oil sales.
The signing took place during U.S. Energy Secretary Chris Wright's visit to Caracas and comes amid a broader revival of foreign investment in Venezuela's oil industry. Chevron separately announced plans to invest $7 billion over five years and more than double its Venezuelan production to 600,000 bpd by 2031.
Eni has major ambitions for Junín-5. The company originally envisioned developing the field to 240,000 bpd, although that target—initially planned for 2018—was never achieved. The Financial Times reported Wednesday that Eni plans to invest around $1.5 billion annually as it ramps up the project.
#billion #pdvsa #field
1 month ago
Chevron will invest more than $7 billion in Venezuela over the next five years and more than double its oil production in the country to about 600,000 barrels per day, Reuters reported Wednesday.
The investment follows new agreements with Venezuela that give Chevron improved fiscal, commercial and legal terms and additional acreage in the Orinoco Belt. Chevron said its three Venezuelan joint ventures will invest the money through 2031, with total production costs remaining below $20 per barrel.
Chevron currently produces about 290,000 bpd in Venezuela, all of which is exported to the United States, according to Reuters. Venezuela is producing about 1.1 million to 1.2 million bpd, down from more than 3 million bpd in the late 1990s.
The new acreage includes the Carabobo-1 and Carabobo-2-South-A areas in the Orinoco Belt, ******* igned to Petroindependencia, the joint venture in which Chevron holds a 49% interest. Chevron also increased its Petroindependencia stake to 49% in April and received rights to develop the Ayacucho 8 area next to its Petropiar venture. Its three Venezuelan joint ventures have increased production by 15% so far this year.
Wednesday's announcement puts a dollar figure and production target on the Chevron agreements that were nearing completion earlier this week. Those agreements were previously described only as being of "significant size," with Chevron seeking additional Orinoco Belt acreage.
#venezuela #joint #reuters
The investment follows new agreements with Venezuela that give Chevron improved fiscal, commercial and legal terms and additional acreage in the Orinoco Belt. Chevron said its three Venezuelan joint ventures will invest the money through 2031, with total production costs remaining below $20 per barrel.
Chevron currently produces about 290,000 bpd in Venezuela, all of which is exported to the United States, according to Reuters. Venezuela is producing about 1.1 million to 1.2 million bpd, down from more than 3 million bpd in the late 1990s.
The new acreage includes the Carabobo-1 and Carabobo-2-South-A areas in the Orinoco Belt, ******* igned to Petroindependencia, the joint venture in which Chevron holds a 49% interest. Chevron also increased its Petroindependencia stake to 49% in April and received rights to develop the Ayacucho 8 area next to its Petropiar venture. Its three Venezuelan joint ventures have increased production by 15% so far this year.
Wednesday's announcement puts a dollar figure and production target on the Chevron agreements that were nearing completion earlier this week. Those agreements were previously described only as being of "significant size," with Chevron seeking additional Orinoco Belt acreage.
#venezuela #joint #reuters
1 month ago
Rangers have confirmed they have bought Venezuela striker Kevin Kelsy from Portland Timbers for an undisclosed fee and taken Algeria winger Badredine Bouanani on a season-long loan from Stuttgart.
Their double announcement as the Scottish summer transfer window closed on Thursday takes the total of additions to the Ibrox squad to 14.
The 22-year-old Kelsy, who has signed a four-year contract with the option of an additional year with the Scottish Premiership club, had joined Portland on a four-year deal when he was sold by Shakhtar Donetsk in January 2025.
Kelsy has made 16 appearances this season for Portland, scoring 10 goals and contributing three ***** ists, for the side sitting 11th in the Western Conference and 17th overall in Major League Soccer.
Overall, the 6ft, 4in left-footed striker has played 63 times, scored 19 goals and registered five ***** ists, having helped Timbers finish eighth in the Western Conference and 17th overall last year.
#year
Their double announcement as the Scottish summer transfer window closed on Thursday takes the total of additions to the Ibrox squad to 14.
The 22-year-old Kelsy, who has signed a four-year contract with the option of an additional year with the Scottish Premiership club, had joined Portland on a four-year deal when he was sold by Shakhtar Donetsk in January 2025.
Kelsy has made 16 appearances this season for Portland, scoring 10 goals and contributing three ***** ists, for the side sitting 11th in the Western Conference and 17th overall in Major League Soccer.
Overall, the 6ft, 4in left-footed striker has played 63 times, scored 19 goals and registered five ***** ists, having helped Timbers finish eighth in the Western Conference and 17th overall last year.
#year
1 month ago
WASHINGTON, Sept 3 (Reuters) - U.S. Commerce Secretary Howard Lutnick apologized on Thursday for stating that no Americans had died in the Iran war, acknowledging that 18 service members have been killed and he was thinking about Venezuela when he made the mistaken statement.
"I misspoke. Eighteen members of our military have died, and to those families my heart breaks and I am so very sorry for their loss. I was thinking about the Venezuelan military operation where no service members died," Lutnick said in a post on X.
Lutnick made the comments during an interview with CNBC on Wednesday in which Venezuela did not come up.
"I think the way the president is playing Iran... There haven't been American deaths. It's really just an economic choke-out, which the administration is now executing more broadly, and I think it'll be very effective," Lutnick told CNBC.
Moments before Lutnick's apology, Trump defended the commerce secretary on Truth Social.
#lutnick #venezuela
"I misspoke. Eighteen members of our military have died, and to those families my heart breaks and I am so very sorry for their loss. I was thinking about the Venezuelan military operation where no service members died," Lutnick said in a post on X.
Lutnick made the comments during an interview with CNBC on Wednesday in which Venezuela did not come up.
"I think the way the president is playing Iran... There haven't been American deaths. It's really just an economic choke-out, which the administration is now executing more broadly, and I think it'll be very effective," Lutnick told CNBC.
Moments before Lutnick's apology, Trump defended the commerce secretary on Truth Social.
#lutnick #venezuela
1 month ago
NEW YORK (AP) — Former Venezuelan President Nicolás Maduro and his wife asked a judge on Wednesday to dismiss the drug trafficking indictment against them on the grounds that they have immunity as the leader and first lady of a foreign country.
In papers filed in Manhattan federal court, lawyers for Maduro said a judge was required by law to reject the indictment because it cannot be brought against a foreign leader.
"No American court has ever presided over the criminal trial of a foreign leader who was recognized by their own country as the sitting head of state at the time the charges were brought," the lawyers wrote. "That is not an accident of history. It reflects a rule older than the common law: heads of state are exempt from the criminal process of any national court but their own."
Maduro and his wife are scheduled to go on trial on drug trafficking charges next June 1. Judge Alvin K. ******* erstein has set oral arguments for Nov. 17 on motions to dismiss the indictment.
Maduro, 63, and his wife, Cilia Flores, 69, have been held at a Brooklyn jail since U.S. forces seized them from their Caracas home in a middle-of-the-night raid in early January and brought them to New York.
#wife #foreign
In papers filed in Manhattan federal court, lawyers for Maduro said a judge was required by law to reject the indictment because it cannot be brought against a foreign leader.
"No American court has ever presided over the criminal trial of a foreign leader who was recognized by their own country as the sitting head of state at the time the charges were brought," the lawyers wrote. "That is not an accident of history. It reflects a rule older than the common law: heads of state are exempt from the criminal process of any national court but their own."
Maduro and his wife are scheduled to go on trial on drug trafficking charges next June 1. Judge Alvin K. ******* erstein has set oral arguments for Nov. 17 on motions to dismiss the indictment.
Maduro, 63, and his wife, Cilia Flores, 69, have been held at a Brooklyn jail since U.S. forces seized them from their Caracas home in a middle-of-the-night raid in early January and brought them to New York.
#wife #foreign
1 month ago
Fees revealed for incoming Rangers striker and departed Celtic midfielder, with free agent linked to the champions...
Rangers will pay Portland Timbers $13m (£9.6m) for Venezuela striker Kevin Kelsy, plus add-ons, with a sell-on percentage also agreed for the 22-year-old. (Tom Bogert)
Celtic were unable to reach an agreement for midfield target Gvidas Gineitis after talks with Torino stalled despite reaching an advanced stage. (Anthony Joseph)
Celtic failed with late loan offer to bring left-back Greg Taylor back to the club from Greek side PAOK. (Gazzetta - in Greek)
Former Southampton midfielder Will Smallbone may be a player of interest to Celtic after becoming a free agent. (Michael Shearer)
#celtic #rangers #fees
Rangers will pay Portland Timbers $13m (£9.6m) for Venezuela striker Kevin Kelsy, plus add-ons, with a sell-on percentage also agreed for the 22-year-old. (Tom Bogert)
Celtic were unable to reach an agreement for midfield target Gvidas Gineitis after talks with Torino stalled despite reaching an advanced stage. (Anthony Joseph)
Celtic failed with late loan offer to bring left-back Greg Taylor back to the club from Greek side PAOK. (Gazzetta - in Greek)
Former Southampton midfielder Will Smallbone may be a player of interest to Celtic after becoming a free agent. (Michael Shearer)
#celtic #rangers #fees
1 month ago
In the commodities ****** et class in August 2026, Ethereum was up more than 30%, and Bitcoin, cocoa, and world sugar futures gained more than 20%. Silver, heating oil, crack spreads, corn, CBOT wheat, and cotton were up between 10% and 20%. ICE FCOJ was the only commodity to post a double-digit percentage decline. The DJIA, S&P 500, NASDAQ Composite, and Russell 2000 indices were mostly higher. The long bond futures edged higher. The September dollar index futures fell by 0.40%. The long bond futures rose by 0.40%. A lower dollar index and slightly lower interest rates were a bullish signal for commodity prices, and most raw material futures posted gains. Long-term interest rates edged lower, even though the Fed left the Fed Funds Rate unchanged at the most recent FOMC meeting.
The lack of a settlement between Iran and the United States, along with a tightening of the economic noose around Iran, drove energy prices higher. At the end of August, the hostilities were escalating as the U.S. attempt to use economic weapons has caused backlash from Iran. Crude oil, oil products, crack spreads, natural gas, Chicago ethanol swaps, and Rotterdam coal posted gains in August.
I've Been Taking a Beating on This AI Energy Stock. Here's Where I'm Looking to Add More Shares – and Why.
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
#futures #energy #lower
The lack of a settlement between Iran and the United States, along with a tightening of the economic noose around Iran, drove energy prices higher. At the end of August, the hostilities were escalating as the U.S. attempt to use economic weapons has caused backlash from Iran. Crude oil, oil products, crack spreads, natural gas, Chicago ethanol swaps, and Rotterdam coal posted gains in August.
I've Been Taking a Beating on This AI Energy Stock. Here's Where I'm Looking to Add More Shares – and Why.
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
#futures #energy #lower
1 month ago
Fervo Energy (FRVO) stock is up 29% today after the company announced a 396-megawatt (MW) power purchase agreement (PPA) with Google (GOOG) (GOOGL) to enable the continued development of the Cape Station enhanced geothermal systems (EGS) GeoCluster, expected to come online in 2028.
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#energy
"As demand for reliable electricity grows, customers like Google need energy resources that can be deployed at scale, operate around the clock, and deliver where power is needed," said Fervo CEO Tim Latimer in a press release. "This new PPA is part of our repeatable commercial model that enables us to meet customer needs and directly deliver clean, firm power to large electricity users."
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
As US Bond Selloff Accelerates, Treasury Secretary Scott Bessent Says a Stronger Yen is Coming
#energy
1 month ago
The US bond market is experiencing an accelerating selloff that has pushed Treasury yields to their highest levels since early 2025, with the 10-year yield climbing to approximately 4.78%.
This selloff is being compounded by geopolitical tensions in the Middle East, where renewed military exchanges between the US and Iran have sent Brent crude (CBX26) above $91 per barrel, reigniting inflation fears and reinforcing expectations that major central banks will need to maintain or tighten restrictive monetary stances.
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Nat-Gas Prices Climb on Sweltering US Heat
#Stock #treasury
This selloff is being compounded by geopolitical tensions in the Middle East, where renewed military exchanges between the US and Iran have sent Brent crude (CBX26) above $91 per barrel, reigniting inflation fears and reinforcing expectations that major central banks will need to maintain or tighten restrictive monetary stances.
Tesla Is Raising Cybertruck Prices in the U.S. by $5,000. What This Means for TSLA Stock.
1 Top Energy Stock to Watch With Boots on the Ground in Venezuela
Nat-Gas Prices Climb on Sweltering US Heat
#Stock #treasury
1 month ago
CBF president Samir Xaud visited Pedro Pedrossian Stadium, known as Morenão, in Campo Grande on the morning of this Wednesday (2), on the eve of the inauguration of the Football Development Center of the State of Mato Grosso do Sul. Opened in 1971 and with a capacity of more than 40,000 fans, the main stage of football in Mato Grosso do Sul is receiving an investment of around R$ 1 million from the CBF to revitalize the pitch.
Xaud was accompanied by the president of the Mato Grosso do Sul Football Federation (FFMS), Estevâo Petrallás, who presented the stadium's history and detailed the progress of the work, as well as the president of the Mato Grosso Football Federation (FMF), Diogo Pécora, and the State Secretary of Tourism, Sports and Culture (Setesc), Alessandro Menezes.
CBF president Samir Xaud visited Morenão Stadium, which is receiving CBF investment to revitalize the pitchCredits: Rodrigo Moreira/CBF
In an interview with CBF TV, the CBF president commented on the importance of the institutional agenda in Mato Grosso do Sul and praised the history and renovation work at Morenão. The stadium has also hosted Brazil national team matches: a 1-1 draw with Paraguay on February 27, 1991, in a friendly; and a goalless draw with Venezuela on October 14, 2009, in the qualifiers for the 2010 World Cup.
"Today we began our institutional visit to Mato Grosso do Sul, continuing our work toward more participatory management and closer ties with the federations. We are here at Morenão, a stadium with a history shared by the entire state population, and where the CBF has provided funds to help revitalize the stadium, including replacing the pitch, irrigation and drainage. For us, it is another joy to work to help Brazilian football as a whole and the smaller federations," he said.
#mato #xaud #work #state
Xaud was accompanied by the president of the Mato Grosso do Sul Football Federation (FFMS), Estevâo Petrallás, who presented the stadium's history and detailed the progress of the work, as well as the president of the Mato Grosso Football Federation (FMF), Diogo Pécora, and the State Secretary of Tourism, Sports and Culture (Setesc), Alessandro Menezes.
CBF president Samir Xaud visited Morenão Stadium, which is receiving CBF investment to revitalize the pitchCredits: Rodrigo Moreira/CBF
In an interview with CBF TV, the CBF president commented on the importance of the institutional agenda in Mato Grosso do Sul and praised the history and renovation work at Morenão. The stadium has also hosted Brazil national team matches: a 1-1 draw with Paraguay on February 27, 1991, in a friendly; and a goalless draw with Venezuela on October 14, 2009, in the qualifiers for the 2010 World Cup.
"Today we began our institutional visit to Mato Grosso do Sul, continuing our work toward more participatory management and closer ties with the federations. We are here at Morenão, a stadium with a history shared by the entire state population, and where the CBF has provided funds to help revitalize the stadium, including replacing the pitch, irrigation and drainage. For us, it is another joy to work to help Brazilian football as a whole and the smaller federations," he said.
#mato #xaud #work #state
