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Venezuela seeks up-front cash for oil
CARACAS, Feb 2 (Reuters) - Venezuela's state-run oil company PDVSA is seeking a $1 billion up-front payment for several large shipments of fuel oil, El Universal newspaper reported on Saturday, in what may be a new sign of cash flow problems.Under the deal, Venezuela is selling the fuel relatively cheaply but wants payment next week, the newspaper said. PDVSA wants to find buyers for eight very large crude carrier cargoes of fuel oil by Feb. 6 and expects payment the following day. I almost put this in the WoT-Politics as I think Hugo qualifies as an enabler for FARC. Sounds like he may have run over the limit on his credit card HT Lucianne.com Posted by: Throger Thains8048 2008-02-02 |
| http://www.rantburg.com/poparticle.php?ID=223228 |