Wednesday 29 October 2014

Citgo no longer for sale, Venezuelan minister says

OIL AND GAS
Citgo no longer for sale, Venezuelan minister says
Caracas, Venezuela (UPI) Oct 27, 2014 - Venezuela's finance minister said the government has shelved plans to sell off the U.S. subsidiary of state oil company Petroleos de Venezuela. A decline in global oil prices is hurting economies like Venezuela's that rely heavily on oil exports for revenue. Venezuelan newspaper El Universal reported high inflation in the country is eroding consumer purchasing power by as much as 12 pe ... more


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