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Venezuelan oil company begins operations with China’s Citic Bank

Tuesday, August 12th 2014 - 06:10 UTC
Full article 10 comments

Venezuela’s state-run oil company PDVSA has started using China Citic Bank to collect money from crude and fuel sales instead of Portugal’s Banco Espirito Santo, according to media reports in Caracas. Read full article

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  • Lucdeluc

    Is China going to get burnt? Who is going to outwit who?

    Aug 12th, 2014 - 08:04 am - Link - Report abuse 0
  • Captain Poppy

    No this just makes it easier for China's new province....Ho Yangzuela.

    Aug 12th, 2014 - 09:21 am - Link - Report abuse 0
  • Lucdeluc

    Seems China's aggressive strategy of securing resources in Africa is being transplanted to South America

    Aug 12th, 2014 - 12:43 pm - Link - Report abuse 0
  • Troy Tempest

    Venezuela,

    Now obligated to 'give' their oil resources to China, to pay for their fa

    Aug 12th, 2014 - 12:54 pm - Link - Report abuse 0
  • Captain Poppy

    I get a chuckle that they closed the borders with Colombia because of smuggling..........are you ready for it?.........FOOD
    Before it was the ass paper police, now it will be food patrols?
    Even Stephen King or Dean Koontz couldn't make this shit up.

    Aug 12th, 2014 - 02:25 pm - Link - Report abuse 0
  • ilsen

    Weird shit here

    http://blog.panampost.com/frank-calvino/2014/08/04/tattooing-chavez-the-art-of-suppressing-the-individual/

    Aug 12th, 2014 - 09:25 pm - Link - Report abuse 0
  • Troy Tempest

    6

    Fear,
    and self-delusion.

    “weird” is right

    :-(

    Aug 13th, 2014 - 01:19 am - Link - Report abuse 0
  • ilsen

    Couple of interesting stories coming out at the moment;
    The Venezuelan daily La Voz has reported that broadcasting tycoon Gustavo Cisneros has sold his television network Venevisión — the largest and most widely viewed network in the country — to the Venezuelan government. According to the report, the government takes control of the network beginning January 1, 2015. Venevisión network executives, however, have denied the news.

    and concernUS jobs (at Citgo) could overide US policy with Vnzla:

    Venezuela’s human rights violators can rest easy, once again. Last week the US Senate found itself in deadlock over the Venezuela Defense of Human Rights and Civil Society Act of 2014, which targets the Chavista regime’s top officials and military brass linked to the violent crackdown on opposition protests.

    Even though the bill may be a means to punish Nicolás Maduro’s regime, Senate Energy and Natural Resources Chairman Mary Landrieu (D-LA) hasn’t seen it that way. In fact, Landrieu has placed a hold on the legislation, and prevented a vote in the Senate.

    Why would a senator from Louisiana block a bill that would punish Venezuelan high-level officials accused of human rights violations? The answer to this question would be oil, reports US publication Politico.

    Citgo refinery at Lake Charles, Louisiana employs more than 1,100 people. (Citgo)
    According to a series of emails leaked by Politico, Citgo — the US subsidiary of Venezuela’s national oil company, Petróleos de Venezuela (PDVSA) — has shared grave concerns with Landrieu. Company executives argue that if the bill were approved, it would affect the company’s capacity to import crude oil to its refinery in Lake Charles, Louisiana, and would force the company to dismiss hundreds of employees.

    Aug 17th, 2014 - 07:16 pm - Link - Report abuse 0
  • Troy Tempest

    8 ilsen

    Ridiculous, if true.

    Jesus wept.

    Aug 17th, 2014 - 11:57 pm - Link - Report abuse 0
  • ilsen

    @9 Troy

    you can find more at panampost.com. it's a little more 'highbrow' than ol' Mercopress.

    Although I do often learn things here, get to see other points of view, watch threads go off in massive tangents etc.

    oh, and occasionally enjoy a huge bun-fight!
    Lol!
    ;-)

    Aug 18th, 2014 - 09:11 pm - Link - Report abuse 0

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