Orinoco Research

The boutique research advisory for Latin America and the Caribbean. On the ground. Turn risk and uncertainty into an advantage. Media: @TheGuacamayaVe.

[Orinoco Research @OrinocoResearch]

🇻🇪 As interest grows in Venezuela's oil, mining, financial, and other industries, the key difference is who has access to the best intelligence and expertise on the ground.

Find out more about our research and advisory services here ⤵️
https://t.co/wKsjd6DL5g

[Orinoco Research @OrinocoResearch]

Reuters: "Indian ‌companies are willing to deepen their presence in Venezuela, the South Asian nation's oil minister Hardeep Singh Puri told the South American country's Interim President Delcy Rodriguez when they met in New Delhi on Thursday."

https://t.co/nn8G2cYAfi

[Orinoco Research @OrinocoResearch]

Bloomberg: "JPMorgan Chase and Jefferies are lining up trips to Caracas amid growing demand from investors for a firsthand look into Venezuela’s efforts to revive its oil-rich economy and restructure its debt after years of isolation."

https://t.co/Yqg1AHuY0w

[Orinoco Research @OrinocoResearch]

Delcy Rodríguez’s India visit comes as New Delhi seeks to diversify its supplies, Washington, DC attempts to reduce Russia’s oil influence, and Caracas reemerges as a relevant player in Asian energy security.

https://t.co/3g8n7csaXs

[Orinoco Research @OrinocoResearch]

The Venezuelan shrimp industry went from producing 20,000 tonnes in 2018 to nearly 70,000 tonnes recently. It has quickly become a massive non-oil export powerhouse, generating around $500 million in 2024.

https://t.co/zGdpvgH7K9

[Orinoco Research @OrinocoResearch]

Reuters: "Guyana is poised to start receiving a significantly larger share of oil production earlier than expected."

https://t.co/3aK54GXV88

[Orinoco Research @OrinocoResearch]

Venezuela established a "Hydrocarbons Technology and Data Management Centre" which will aim to attract investment through modernisation and greater transparency.

https://t.co/f7KM0LE3zp

[Orinoco Research @OrinocoResearch]

Venezuela's National Assembly approved the first discussion of a reform to the National Power Grid, which will allow for private involvement in the electricity sector after 15 years.

https://t.co/kecQpjR8Ib

[Orinoco Research @OrinocoResearch]

🇻🇪 Shrimp aquaculture: Venezuela’s biggest non-oil opportunity?

This fully private and vertically integrated industry drives massive foreign trade, generating roughly $500 million in 2024 by sending high-quality products to premium markets.

https://t.co/zGdpvgGzUB

[Orinoco Research @OrinocoResearch]

Bloomberg: "Venezuela has retained Hogan Lovells as legal counsel for what is expected to be one of the largest sovereign debt restructurings in decades."

https://t.co/cmcLQhcvK8

[Orinoco Research @OrinocoResearch]

Bloomberg: “Energy companies heading to Venezuela are being told to bring their own power plants to run their oil and natural gas operations and shield them from frequent blackouts on the nation’s ill-maintained electricity grid.”

https://t.co/ushSPxwxHB

[Orinoco Research @OrinocoResearch]

Reuters: "Venezuela's oil ‌exports rose slightly to 1.25 million barrels per day in May, its third consecutive month of increase, fueled by more cargoes to the U.S., India and Europe, shipping data showed on Monday."

https://t.co/Lia5TnPAQ9

[Orinoco Research @OrinocoResearch]

🇻🇪 This week on the Venezuela Business Briefing:

- An updated overview of the Trump administration's strategy towards Venezuela, as contradictions with the opposition in Panama start to show.

- AtlasIntel & Bloomberg's latest survey shows growing pessimism and a marked drop in Delcy Rodríguez's approval ratings.

- VP Calixto Ortega meets with IMF's Georgieva in Washington, DC.

- LNG Energy Group enters a $200M joint venture with Fifth Ocean for a Venezuelan oil comeback.

- Banco de Venezuela to sign international correspondence agreements with Abanca Europa and Banesco USA.

- Chevron's Mike Wirth says taxes are too high for new oil investments.

- Are traders right to expect that the Straits of Hormuz will reopen soon?

- And at The Research, we take a deep dive into how Colombia's elections can impact Venezuela.

You can get this weekly intelligence briefing by subscribing here:
https://t.co/WxFvIfpYcO

[Orinoco Research @OrinocoResearch]

Bloomberg: "IMF's Kristalina Georgieva and Venezuelan economic official Calixto Ortega held talks in Washington, the IMF head’s first in-person meeting with the country’s authorities since the fund resumed formal engagement with Venezuela last month."

https://t.co/ev5GHVE8yT

[Orinoco Research @OrinocoResearch]

Bloomberg: “Oil sank to a six-week low as the US and Iran tentatively agreed to extend a ceasefire, stoking optimism that the Strait of Hormuz may soon reopen.”

https://t.co/EZjXn9BN7R

[Orinoco Research @OrinocoResearch]

Bloomberg: "An AtlasIntel survey conducted for Bloomberg News found that 31% of respondents supported dollarization, while another 26% strongly supported the measure. That compares with a combined 30% who opposed or strongly opposed it."

https://t.co/HBRLsdEdXI

[Orinoco Research @OrinocoResearch]

Bloomberg: "Oil tumbled on optimism that the US and Iran will reach a peace deal, even as President Donald Trump signaled that the warring sides remain far apart in negotiations."

https://t.co/2Wf76SGOWX

[Orinoco Research @OrinocoResearch]

Bloomberg: "ExxonMobil and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago."

https://t.co/a2i91Ymu2W

[Orinoco Research @OrinocoResearch]

Bloomberg: "Index fund giant Vanguard Group is increasing its holdings of defaulted Venezuelan bonds in its Emerging Markets Bond Fund."

https://t.co/EIyuZKRR7z

[Orinoco Research @OrinocoResearch]

Venezuela announced an economic program built around four pillars aimed at stabilising the economy, reviving productive sectors, reorganising public finances, and opening the door to a new relationship with multilaterals and international markets.

https://t.co/dZaXtgZKzS