Economy

Monagas Oil Production Projected to Increase by 50% with Technology Investments

Estimates from the Chamber of Petroleum of Monagas indicate that with investments in technology, local oil production will increase by an average of 50% year-on-year. Eduardo Rivas, director of the guild, stated that crude oil production would gradually increase from 800,000 barrels to 1.3 million barrels if quality technological investment is executed and legal guarantees are offered to foreign energy companies for prolonged investments. The guild representative proposed to the state-owned Petróleos de Venezuela S.A (Pdvsa) in the entity the exploration of new light crude oil wells and the revitalization of heavy crude oil trade. He also informed that in the coming days, companies providing well cleaning and stimulation services are expected to restart activities in the entity, which will generate demand for specialized professionals not currently available in the country, according to Unión Radio.

National shrimp production could go from 60,000 to 600,000 tons annually with legal reforms

National shrimp production could increase from the 60,000 tons achieved in 2024 to an amount of 600,000 tons annually with the application of legislative reforms and simplification of procedures, explained the president of the Venezuelan Society of Aquaculture, Eduardo Castillo. Banca y Negocios He affirmed that this sector has a solid base to continue growing and increasing exports, but a review of laws and requirements facing the sector is needed.

Metalworking industry in Lara begins reactivation: seeking labor

The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras) in Lara, Joel Segura, reported that after a period of inactivity, the entity's metalworking industry has resumed operations within the framework of the hydrocarbon investments announced for the country. Banca y Negocios "The metalworking industry, which [...]

Maracaibo Food Basket Reports Rise in Bolívares: Increased 23.40% in January

The year 2026 began with a clear signal for Maracaibo households: acquiring the 47 basic products of the Food Basket defined by the National Institute of Statistics (INE) is more expensive in bolívares, while in foreign currency, it shows a moderate variation compared to December 2025. This is revealed by the most recent study by the Maracaibo Chamber of Commerce on the Standard Food Basket, which indicated that the domestic economy of the Zulia capital is trapped between inflation in national currency and apparent stability in foreign currency.

During 2025, exports of fuels and extractive industry products fell 17.9%

Fuel exports fell in 2025. Photo: iStock

Attention users: new notarial fees for 2026 have taken effect nationwide

Portafolio Journalist 02/09/2026 15:01 Updated: 02/09/2026 15:01

Banco de Occidente strengthens its savings offer with CDs up to 11.85% EA and the 'Kubo' portfolio

Banco de Occidente raised the rates of its CDs to up to 11.85% E.A. Photo: Banco de Occidente courtesy

US Dollar Price Today February 9, 2026, in Colombia Closed Lower

The dollar in Colombia closed this Monday, February 9, 2026, with a new drop, in a day marked by high market activity and moderate price movements.

These Two Companies Will Invest This Fortune in a Factory in Atlántico

Seeking to drive progress through national and international investment, Canpack, one of Colombia's largest can producers, and its strategic partner Bavaria, announced an investment of 548 billion pesos for the construction of a new aluminum packaging factory in the municipality of Malambo, Atlántico.

Mergers and acquisitions in 2026 in suspense, awaiting the plan of the next National Government

Generating social impact is key in business. Photo: iStock

Air Europa, Laser, and Plus Ultra to Resume Flights to Venezuela in the Coming Days

Air Europa, Plus Ultra, and Laser airlines have announced that they will gradually resume their flights to Venezuela in the coming days, while Iberia is waiting to resume its frequencies at the beginning of April, provided that full guarantees are met.

They fly back to Caracas! Latam Airlines Colombia will resume flights with the neighboring country: what will it be like?

Portafolio Journalist 09.02.2026 10:28 Updated: 09.02.2026 18:37