Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

PDVSAs International Operations Fail To Provide Revenues For Venezuela, Claims Report

PDVSAs web of international refining and marketing operations are in reality nothing more than a mechanism to import foreign costs to Venezuela while transferring domestic earnings abroad, according to independent consultant Juan Carlos Boué. In the report The Internationalization Program Of Petroleos De Venezuela SA (PDVSA), commissioned by the UK...