Posted on 03/24/2023 3:50:19 PM PDT by DUMBGRUNT
The internal disclosure of the enormous amount of unpaid sales - about 84% of PDVSA's total value of invoiced shipments - reveals for the first time the depths of revenue losses due to the withdrawal of established oil company buyers since 2020.
According to documents provided to the office of Venezuela's attorney general during a long-standing audit of PDVSA contracts, out of a total $25.27 billion in oil exports between January 2020 and this month, PDVSA was only able to confirm the reception of $4.08 billion in payments excluding some swaps like the one with Cuba, which means it has only successfully cashed 16% of exports, according to its count.
(Excerpt) Read more at reuters.com ...
What a crock , our government calling Madero’s re -election a sham....so sanctions are imposed.
Hmm... “I would gladly pay you Tuesday for a tanker of oil today” apparently works in the real world. Good to know.
The buyers paid. The corrupt at the top of PDVSA stole it.
For anyone wondering (like me): PDVSA = Petróleos de Venezuela, S.A. (English: Petroleum of Venezuela)
is it too late for Venezuela to apply for a PPP loan?
—”is it too late for Venezuela to apply for a PPP loan?”
The word on the streets that thousands already have, does biden need to extend it again?
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