Venezuela Star
VenezuelaStar.com Monday 22nd March 2010 Volume 8/081
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DJI: 37.19 10742 0.35%
NAS: 16.87 2374.41 0.71%
FTSE: 7.50 5650.12 0.13%
Nikkei: 80.69 10824.7 0.75%

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"The idea of human rights begins with a fundamental commitment to the dignity that is the birthright of every man, woman and child."
Hillary Rodham Clinton
The U.S. Secretary of State was speaking on the release of the 2009 Country Reports on Human Rights Practices.

bullet Exchange Rates corner
$£€ United States, Dollar Euro Venezuela, Bolivar Brazil, Real Colombia, Peso
United States, Dollar - 0.739 1000 1.801 1905.
Euro 1.352 - 1000 2.436 2576.
Venezuela, Bolivar 1000 1000 - 1000 1000
Brazil, Real 0.555 0.410 1000 - 1057.
Colombia, Peso 0.000 0.000 1000 0.000 -

bullet More Venezuela News corner
Oil Prices Extend Last Week's Losses
Standard Chartered Appoints Ceo, Middle East, Africa, The Americas And Europe
Light Plane Crashes In Venezuela, Killing Three

bullet South America corner
Turkey, Qatar, Brazil, Idb Among Top Darfur Donors In Egypt
Six Die In Light Plane Crash In Venezuela
Argentina: Independiente Remain On Top
Mexican Students Killed In Soldiers' Bungle

bullet Arts corner
Tamil films blamed for crime by Indians in Malaysia
Research threatens to spark fresh 'ageism' controversy at BBC
Michelle Obama dodges health debate by taking daughters to Broadway show
Mumbai Police's 'Spiderman' scales 15-storey building for Mount Everest expeditioner
Made.com Aims To Halve Designer Furniture Prices

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Breaking News
Venezuela's Chavez Rules Out Internet Controls
CARACAS, Venezuela (AP) -- Venezuelan President Hugo Chavez denied that the government plans to impose controls on the Internet, saying Sunday that his administration aims to increase Web access...

Oil Prices Lower In Asian Trade
SINGAPORE: Oil prices dipped to near 80 dollars a barrel in Asian trade Monday, extending last week's losses caused by gains in the US ...
Venezuelan Oils Reserves Rose By 23% In 2009
Venezuela said its 2009 oil reserves rose by 23% to over 211 billion barrels thanks to the addition of more than 39 billion barrels of new reserves, the bulk of which came from the country's Orinoco...
More breaking stories
International News
So-called terror arrests prove an embarrasment
Lawsuits are likely to be issued against French and Spanish authorities over terrorist allegations made against innocent...

Current Iraq PM takes voting leadCurrent Iraq PM takes voting lead
The Iraqi Prime Minister Nuri al-Maliki is back in from with his State of Law coalition in the election...
Tel Aviv votes to give more money to Israeli ArabsTel Aviv votes to give more money to Israeli Arabs
israel, arab, cabinet,...
More international stories
Business News
Civil service overgrown in GreeceCivil service overgrown in Greece
Greece’s civil service has been partially blamed for the fiscal disaster which has befallen the...

Bad news likely in UK Wednesday budgetBad news likely in UK Wednesday budget
The British finance minister, Alistair Darling, has warned of tough times ahead in a pre-election budget which will be unveiled this...
IMF exec claims time for belt tighteningIMF exec claims time for belt tightening
The IMF has warned that developed countries with big budget deficits should now be preparing to warn citizens they will need to tighten their belts, with another difficult economic period around the...
More business stories

bullet Brazilian firm to invest $400 mn in Colombia corner

Brazilian state-controlled energy company Petrobras plans to invest close to $400 million in Colombia over the next three years, Colombian business daily Portafolio reported Wednesday.

'Petrobras is attuned to business opportunities that arise on a daily basis and looks to see if they are appealing. When they appear, it seizes on those opportunities,' the president of the Brazilian giant's subsidiary in Colombia, Abilio Paulo Pinheiro Ramons, told the newspaper.

'All the money we generate in Colombia is invested here. All our business plans for the 2010-14 period have yet to be announced, because that depends on decisions by the parent company, but as far as the business plans for the 2009-13 period, our investment budget amounts to roughly $400 million,' he said.

Even though Petrobras has announced restrictions on overseas investments this year to ensure greater cash flow for domestic projects, Pinheiro said the four-year plan for Colombia would go through as planned both in terms of exploration and production.

Petrobras Colombia Limited this year plans to carry out exploratory drilling at four or five wells and develop between three and four producing wells.

In total, Petrobras's Colombian subsidiary is a partner in seven production fields - serving as the operator at five of those - and 20 exploratory blocks nationwide, six of them offshore in the Caribbean. It also has a network of 74 service stations and a lubricant plant in Bogota.

Petrobras announced last week that it discovered oil at a block in eastern Colombia operated by its local unit.

Petrobras, Latin America's second-largest oil company after Venezuela's PDVSA, produces an average of 2.5 million barrels of oil and natural gas per day at its fields in Brazil and abroad.

Shares of Petrobras, an integrated energy company and a global leader in deepwater oil exploration and production, trade on the Sao Paulo, New York, Madrid and Buenos Aires stock exchanges, but the Brazilian government retains control through a golden share.

--IANS/EFE

rd/mj


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Newspapers the world over strive to provide readers with the ultimate news coverage.

The Venezuela Star is no exception.

As an online news service we have advantages over traditional newspapers in that stories can be added and updated 24 hours day.

Our objective is to provide the most comprehensive Venezuela news available, from our resources, contracted wire services and an inventory of some thousands of sources comprising newspapers, cable and TV networks, radio stations, public broadcasters, NGOs and others, Venezuelan news is a priority.

National news comes first. We do however strive to provide a complete news services for our readers. World news headlines top several of our pages, we also provide news on what's happening in business, and in the financial markets.

Whether it's the latest Nikkei 225 reading in Tokyo, the sterling exchange rate in London, or the status of the Nasdaq in New York, whether it's local Venezuela news, the weather forecast for Venezuela you'll find it all in the Venezuela Star.

From the Amazon to Valencia, the Venezuela Star should be your number one choice for breaking news - local, regional, and national.

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    bullet Venezuela Weather corner
    Maracaibo35°C/95°F
    Caracas19.7°C/67.4°F
    Valencia27°C/80°F
    Barquisimeto23°C/74°F
    Ciudad Bolivar25°C/77°F

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    bullet Movie Review corner

    bullet Sports corner
    England football fans furious over 'rip-off' for watching World Cup
    Afghan cricket team set to upset biggies in T20 World Cup, says coach
    Cheryl Cole desperate for divorce, wants no money
    Tiger Woods regrets hurting wife, mother
    Sports enthusiasts paint '200 days-to-Go' canvas for Commonwealth Games

    bullet Central America corner
    Roy Greenslade: Journalists Die In Mexico And Honduras
    El Salvador Goalkeeper Banned In Sponsorship Row
    Moremagic Solutions And Claro Expand International Recharge Of Mobile Phones Throughout Central America
    La Mexicana: A Down-home Mix Of Mexican And Tex-mex
    <font Face="arial, Helvetica" Size=2 Style="text-decoration: None">three Armed Robberies In 1 Week

    bullet Have Your Say corner
    Do you believe Gordon Brown will still be prime minister of the UK after the forthcoming elections?


    bullet Hotel Review corner
    Kahala Mandarin Oriental Hawaii Hotel
    Kahala Mandarin Oriental Hawaii Hotel

    This 5 star resort hotel is about 10 minutes drive from Waikiki, around from Diamond Head. The hotel was the Kahala Hilton,...


    bullet More Regional corner
    Chilean government says errors made in quake toll tally
    Haiti needs $11.4 bn for reconstruction
    Mexico: Bystanders, Not Gunmen, Killed In Shootout
    Portable Toilets Headed For Haiti: Leikam Enterprises, Llc & Green Earth Packaging, Llc Team Up