Venezuela’s PDVSA oil revenue tumbles amid lower prices, production

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Venezuela’s PDVSA oil revenue tumbles amid lower prices, production
12 August 2017, Caracas — Venezuelan state oil company PDVSA’s revenue from oil and fuel sales in 2016 dropped 34 percent from the previous year to $48.0 billion, the company said in its annual financial results published Friday night, hurt by lower production and oil prices. Net profit crashed nearly 90 percent to $828 million […] More »

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