miércoles, febrero 28, 2024

Mes: marzo 2011

PDVSA falls behind on oil-for-loan deals with China, Russia (Petrol

 Petroleum World  Venezuela's state-run oil company, PDVSA, has fallen months behind on shipments of crude and fuel under oil-for-loan deals with China and Russia, according to internal company documents reviewed by Reuters.  The delayed shipments to such crucial political allies and trading partners - which together have extended Venezuela at least $55 billion (£43.9 billion) in credit - provide new insight into PDVSA's operational failures and their crippling impact on the country's unravelling socialist economy.  (Read more)