News Oil 

Venezuela’s PDVSA inks oil deal with firm part-owned by Florida Republican

“This is the worst giveaway in the history of our country’s oil industry,” former Oil Minister Rafael Ramirez wrote in a blog post on Sunday” reports businessinsider.com. The deal has been criticized by hardline Chavez supporters, who say it cedes too much control to a foreign company.FILE PHOTO: The corporate logo of the Venezuelan state-owned oil company PDVSA is seen at a gas station in Caracas Thomson Reuters By Luc Cohen and Brian Ellsworth CARACAS (Reuters) – Venezuelan state oil firm PDVSA [PDVSA.UL] has signed a deal with little-known U.S. energy firm Erepla that is part-owned by a prominent Florida Republican to help increase the socialist-run country’s plummeting crude oil output, the company said.
 
Source: businessinsider.com



Related posts