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.
The accounts receivable also includes an outstanding balance to be paid by Iran for its receipt of cargoes from Venezuela since 2020 as part of an oil swap between the two countries, the documents show. to trade most of its sales to Asia and to compensate for the loss of its main market, the United States.
Venezuela’s government is all about corruption, suppression and repression. Lubricated by oil and and fueled by drugs
Biden will bail them out, don’t worry.
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