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Mexican O&G company Libre Bordo announces bankruptcy
June 1, 2020
Source: Reuters

Mexican O&G company Libre Bordo announces bankruptcy

Mexico-based company Libre Abordo announced that it was bankrupt. Venezuelan President Nicolas Maduro also ended an oil-for-food agreement that had allowed the firm to supply water trucks in exchange for millions of barrels of Venezuelan crude. The Mexican companies proclaimed that they were targets of an international political campaign, driven by the U.S., which had led to a loss of over $90 million and the suspension of Venezuelan crude lifting.

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