Caracas — Much of Venezuela, including parts of the capital Caracas, remained without power on Monday for a fifth day, crimping vital oil exports and leaving people struggling to obtain water and food. President Nicolas Maduro, who has blamed the unprecedented blackout on sabotage by the US at Venezuela’s Guri hydroelectric dam, again ordered the suspension of classes and the working day, as he had on Friday. Sources in the energy sector, Opec member Venezuela's main source of foreign earnings and a vital generator of revenue for Maduro’s government, said that exports from the main oil terminal of Jose had been halted by the blackouts. The opposition-controlled congress called an emergency session to discuss the power cuts, blaming negligence by Maduro's socialist government. Maduro’s rule is being challenged by congress leader Juan Guaido, who in January invoked the constitution to assume the presidency after declaring Maduro’s 2018 re-election a fraud. Guaido has been recognised a...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.