Retrieved
So, as the bills piled up, the company leaned on a longtime client from Thailand, Tipco Asphalt, to blunt the impact of the sanctions: in exchange for deep discounts on oil, Tipco would pay PDVSA’s obligations and deduct the amounts from what it owed the Venezuelan oil giant, according to records obtained. By Grant Peck, Jamey Keaten, Randy Herschaft. Full Text -> SpectrumNews
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