Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on December 23, 2010

Bookmark and Share

Venezuela May Sell Citgo

Business

KRIS-TV, updated 11/29/2010 8:47:03 AM ET
CARACAS, Venezuela–President Hugo Chavez is promising to build new public housing complexes, boost social programs and renovate the long-neglected Caracas subway – and he needs money.
The ambitious plans will squeeze Venezuela’s coffers at a time when oil earnings have slipped and Chavez is sending his foreign allies generous amounts of crude on credit.
So he has raised a possibility that once seemed remote: selling off Venezuela’s U.S.-based oil company, Citgo Petroleum Corp. …

msn.com



Leave a Reply

Your email address will not be published. Required fields are marked *