Venezuela’s oil corporation profits plummet because of “•global capitalist crisis”

Wednesday, August 4th 2010 - 22:08 UTC

Full article 4 comments

State-owned Petroleos de Venezuela SA earnings reached 4.49 billion US dollars in 2009, down from 9.41 billion in 2008, Energy and Petroleum Minister Rafael Ramirez revealed this week. Speaking at PDVSA headquarters in Caracas, he cited the “global capitalist crisis” as a major factor in the sharp fall in net income. Read full article

Comments

Disclaimer & comment rules

harrier61
Earnings down 50%. What a shame!
Aug 04th, 2010 - 10:51 pm - Link - Report abuse 0
-+
Hoytred
It's the capitalist's fault that they are not making enough profit !! How does that work ??
Aug 04th, 2010 - 11:49 pm - Link - Report abuse 0
-+
jerry
Are the chickens coming home to roost?
Aug 05th, 2010 - 03:13 am - Link - Report abuse 0
-+
Liberty
“Venezuela is the world’s fifth oil exporter and a key supplier of crude to the United States”.

Hypocritical Hugo Chavez rants his anti imperialist yankee propaganda around the Southamerican populist governments. At he same time blames his lower sales against “capitalist US”. His rhetoric dupes his Latinamerican countries but he loves his US petro dollars. What a sad joke is the Mercosur and Unasur !!
Aug 05th, 2010 - 12:46 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!