President Hugo Chavez Frias’ government has been controversial and characterized by renovating, or at least reorganizing, Venezuela’s political life. After over 6 years in power, the Venezuelan project is now being examined widely from the perspective of international relations, since the foreign policy is a crucial scenario for the consolidation of Chavez’ revolutionary project. In this sense, the purpose of this article is to discuss some aspects of the current Venezuelan foreign affairs policy based on the assumption that it will show its “alternative” characteristics in keeping with the degree to which Chavez’ project consolidates internally and disagreements woth the United States increase. The article suggests that current Venezuelan foreign policy will be a key element of the so called ‘Revolucion Bolivariana’ being projected in the sphere of international relations.