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U.S. Investigates Venezuelan Oil Giant

Wall Street Journal Original article ›

Keywords:


U.S. investigation into corruption and money laundering at Venezuela's oil company PDVSA

10/22/2015

Grouped Articles

U.S. Investigates Venezuelan Oil Giant

Wall Street Journal 10/22/2015

The failure of social spending supported by oil to improve economic conditions and the standard of living- the case of Venezuela and Iran

06/09/2014

A critical factor in this situation is the failure to integrate into the world economy. Under these conditions for Iran sanctions for a nuclear program and support for Syria's regime creates a sort of "pariah" status, and for Venezuela the rhetoric and state control have led to a similar situation. Because technological inputs and foreign capital and knowhow are critical for development, policies of this kind can do long term damage to the economy and reduce standards of living. Both countries have failed to invest in basic refining capacity. At the other side is Nigeria which has also failed to invest in refining capacity. In Nigeria rampant corruption eats away at the core. All three countries are oil producing countries with crumbling infrastructure and failure of the state to provide the right direction to stimulate growth.

Grouped Articles

Venezuela Pays Price for Smuggling

Wall Street Journal 06/09/2014

Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease

Wall Street Journal 07/02/2014

Venezuela's Auto Industry in a Free Fall

Wall Street Journal 07/22/2014

Fall in Oil Prices Poses a Problem for Russia, Iraq and Others

New York Times 10/15/2014

Iran poised to choose poverty over nuclear disarmament - The Washington Post

Washington Post 11/01/2014

Fall in Oil Prices Threatens Africa’s Economic Growth

Wall Street Journal 12/12/2014

Venezula's Chavez and Oil Policy

08/01/2006

How Venezuelan Oil Policy is changing under President Chavez, towards greater ownership of oil assets by Venezuelan government and smaller share for western oil companies, collaboration with state oil companies in China, India and Iran, and required social spending.

Grouped Articles

Almost-Free Gas Comes at a High Cost

Wall Street Journal 04/12/2013

For Venezuela, the magic land of cheap gas, a big hike - The Washington Post

Washington Post 01/20/2014

Venezuela Pays Price for Smuggling

Wall Street Journal 06/09/2014

China Boosts Support for Latin Leftists

Wall Street Journal 01/08/2015

U.S. Investigates Venezuelan Oil Giant

Wall Street Journal 10/22/2015

As Global Oil Demand Tightens, A Big Producer Has Own Agenda

Wall Street Journal 08/01/2006


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