As if the Venezuelan government didn’t have too much on its
plate, it has decided to set up a new state-owned oil firm — and give it to the
army. On Wednesday, February 10, Venezuela’s Official Gazette quietly announced
the creation of the Anonymous Military Corporation of Mining, Oil, and Gas
Industries (Camimpeg). It carried President Nicolás Maduro’s signature and that
of all his ministers. Operating alongside PDVSA, Venezuela’s main oil exporter,
Camimpeg will be tasked with repairing and maintaining oil wells, administering
oil drilling, importing, exporting, distributing, and selling chemical products
for the mining sector. The company will also be in charge of managing sea
transportation and building infrastructure. More… 
Wednesday, February 17, 2016
As Socialist Economy Implodes, Venezuela Creates Army-Run Oil Firm
As if the Venezuelan government didn’t have too much on its
plate, it has decided to set up a new state-owned oil firm — and give it to the
army. On Wednesday, February 10, Venezuela’s Official Gazette quietly announced
the creation of the Anonymous Military Corporation of Mining, Oil, and Gas
Industries (Camimpeg). It carried President Nicolás Maduro’s signature and that
of all his ministers. Operating alongside PDVSA, Venezuela’s main oil exporter,
Camimpeg will be tasked with repairing and maintaining oil wells, administering
oil drilling, importing, exporting, distributing, and selling chemical products
for the mining sector. The company will also be in charge of managing sea
transportation and building infrastructure. More… 
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment