Retrieved from GlobalMedia
The autocratic Maduro regime is determined to squeeze whatever oil and gasoline production it can generate from Venezuela’s crumbling oilfields, corroded refineries and rusting pipelines. The situation is so dire that oil spills are a regular event in the near-failed state, especially since Washington ratcheted up sanctions, preventing Caracas from obtaining the capital required to conduct critical maintenance and overhauls. Under Maduro’s leadership Venezuela’s government, including national oil company PDVSA, has ceased collecting and releasing data, making it near-impossible for international observers to ascertain what is occurring in the countr. By Matthew Smith. Full Text -> OilPrice
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