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CARACAS, Venezuela (AF) — Oil has washed up to Venezuela’s west coast after a leak in a pipeline that takes crude to the country’s main refinery, national oil company PDVSA said on Saturday. The spill has spread over more than 13 kilometers (eight miles) according to the environmental commission of the opposition-majority national parliament. Venezuela suffers fuel shortages despite having the largest proven oil reserves in the world with only a limited number of its refineries currently […]
by Luis Bravo with Margioni Bermudez in Caracas Agence France-Presse MARACAIBO, Venezuela (AFP) — Cheap gasoline smuggled over the border from Venezuela once flooded eastern Colombia. These days, as desperate Venezuelans run out of fuel, the contraband is moving in the other direction. For the first time Colombian gasoline is cheaper and is being smuggled across the border to fuel vehicles in western Venezuela. “It’s a lifeline,” says Roger, a fruit-and-vegetable vendor in Santa Cruz […]
NEW YORK, United States (AFP) — Crisis-plagued Venezuela suffered another blow Thursday as a committee of creditors ruled that state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors. The setback for the oil-rich but cash-poor nation came as no surprise, as the government of President Nicolas Maduro has missed payments on sovereign bonds as well as PDVSA debt, even as the population continues to suffer from […]
