Post Profile

Venezuelan Oil Workers Going To Extreme Measures To Live Due To Economic Crisis

It was once a job that was coveted which payed its workers above average salaries and included generous benefits. For decades this was the case at PDVSA, Venezuela’s state-run oil giant. The pay and cheap credit allowed for home ownership as well as vacations abroad for many workers. Times have changed due to the economic... Read more » Venezuelan Oil Workers Going To Extreme Measures To
read more


Related Posts

Chavez’s cash pump PDVSA runs on empty

News : Reuters Breakingviews Blog

Venezuela’s troubled oil group may now pay suppliers with IOUs instead of cash. That’s not surprising because Hugo Chavez is using PDVSA to finance social spending ahead of elections. Harder to imagine is what happens when oil price...

Exclusive: Venezuela To Pay Exxon For Nationalization From November - Source

Business & Finance : Business Insider: Money Game

CARACAS (Reuters) - Venezuela considers a World Bank arbitration tribunal's award "manageable" and will pay Exxon Mobil Corp for the 2007 nationalization of its oil projects from November, a source at state oil company PDVSA [PDVSA....

Exclusive: Venezuela's PDVSA quietly issues new debt to pay off suppliers

Business & Finance : Business Insider: Clusterstock

By Brian Ellsworth, Corina Pons and Marianna Parraga CARACAS/HOUSTON (Reuters) - Venezuelan state oil firm PDVSA has issued at least $310 million in debt to companies including General Electric Co as it negotiates private issuances ...

Paraguay gets debt payment demand from Venezuela's PDVSA - Petropar president

Business & Finance : Business Insider: Clusterstock

ASUNCION, Paraguay (Reuters) - Paraguay's state-run oil firm Petropar said Saturday that Venezuelan state oil producer PDVSA [PDVSA.UL] had set a 10-day deadline for the Paraguayan company to pay off $287 million of long-standing de...

Selling uniforms for food, Venezuela oil workers feel the pinch

News : Reuters: World News

MARACAIBO, Venezuela (Reuters) - For decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach ...


Copyright © 2016 Regator, LLC