Just Released: "Venezuela Oil & Gas Report Q4 2013"
BMI View: In the wake of the political transition following the death of long-time leader Hugo Chavez, a weaker than expected current President Nicolas Maduro is confronting a worsening economy and growing unpopularity. While a flurry of new loans and deals may improve the financial position of PdVSA over the short term, the threat that badly needed funds will diverted from investment into the oil and gas sector to fund social programmes remains as real as ever. Although our long-term...
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