Vietnam fuel giant PetroVietnam has halted work at a Venezuelan oil block as inflation pushes prices up and expands the gap between official and black market prices. Phung Dinh Thuc, board chairman of the state group which is known officially as Vietnam Oil and Gas Group, told a press briefing Tuesday that Venezuela’s problematic economic situation had forced the group to suspend its Junin 2 project, Thoi bao Kinh te Saigon Online reported. More...
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