"Venezuela Oil & Gas Report Q2 2014" Now Available at Fast Market Research
We retain a cautious stance on the Venezuelan oil and gas sector. 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. Moreover, although our long-term forecasts call for growth as projects in the Orinoco belt ramp up, we expect Venezuela to continue its underperformance given...
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