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Venezuelan real salary has fallen 89.9% by March

Thursday, February 23, 2017

Is Schlumberger warming on Venezuela?

Schlumberger CEO Paal Kibsgaard met Tuesday with the president of Venezuelan state oil company PDVSA, Eulogio del Pino, to discuss oil and gas opportunities in the country. With the global oil industry showing early signs of recovery after its most severe downturn in decades, the executives discussed existing and future partnerships between the respective firms, PDVSA said Wednesday in a statement. More…

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