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No end to PDVSA's problems
Aug. 29, 2018

No end to PDVSA's problems

According to the sources, after the tanker collision incident on the weekend, Jose port of Venezuela is partially operating at present. This has restrained upgraded crude export ability of PDVSA and also affected the import diluents capacity. Present fiscal year has seen PDVSA struggling to provide exports on time due to the US sanctions, sinking oil output, and creditors trying to take hold of overseas assets through legal action.

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