A recently-announced Venezuelan military
company will provide services to state oil company PDVSA, especially in terms
of security in the crime-ridden OPEC country, the company's president said on
Tuesday. Some industry observers and opposition leaders had speculated the
company, Camimpeg, was a potential mechanism to shield assets from being seized
in the event of a debt default. But PDVSA president and Oil Minister Eulogio
Del Pino said the company is designed to provide services and support in the
country with the world's largest oil reserves. More… 
Wednesday, February 24, 2016
PDVSA says new Venezuela military company to provide services
A recently-announced Venezuelan military
company will provide services to state oil company PDVSA, especially in terms
of security in the crime-ridden OPEC country, the company's president said on
Tuesday. Some industry observers and opposition leaders had speculated the
company, Camimpeg, was a potential mechanism to shield assets from being seized
in the event of a debt default. But PDVSA president and Oil Minister Eulogio
Del Pino said the company is designed to provide services and support in the
country with the world's largest oil reserves. More… 
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