Venezuela's state-run oil company, PDVSA,
has fallen months behind on shipments of crude and fuel under oil-for-loan
deals with China and Russia, according to internal company documents reviewed
by Reuters. The delayed shipments to such crucial political allies and trading
partners - which together have extended Venezuela at least $55 billion (£43.9
billion) in credit - provide new insight into PDVSA's operational failures and
their crippling impact on the country's unraveling socialist economy. More…
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