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Venezuela is importing oil despite having world's largest reserve
BY ANTONIO MARIA DELGADO
EL NUEVO HERALD
Venezuela, a country that boasts of having the largest oil reserves in the world, is facing an acute scarcity of gasoline due to deterioration of its refinery system, and the huge volume of fuel being smuggled out of the country.
Experts said that Venezuela has shifted from exporter to importer of gasoline under the Hugo Chávez administration, which is forced to import fuel and components to process it from the United States, not only for internal consumption but to allow the state enterprise Petróleos de Venezuela, S.A. (PDVSA) to fulfill contractual commitments.
Read more here: http://www.miamiherald.com/2012/08/2...#storylink=cpy
Long Live the Bolivar Revolution!
BY ANTONIO MARIA DELGADO
EL NUEVO HERALD
Venezuela, a country that boasts of having the largest oil reserves in the world, is facing an acute scarcity of gasoline due to deterioration of its refinery system, and the huge volume of fuel being smuggled out of the country.
Experts said that Venezuela has shifted from exporter to importer of gasoline under the Hugo Chávez administration, which is forced to import fuel and components to process it from the United States, not only for internal consumption but to allow the state enterprise Petróleos de Venezuela, S.A. (PDVSA) to fulfill contractual commitments.
Read more here: http://www.miamiherald.com/2012/08/2...#storylink=cpy
Long Live the Bolivar Revolution!