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Venezuela bondholders inch toward showdown

Wednesday, June 21, 2017

Venezuela's Cardon refinery cat cracker down

he catalytic cracking unit at Venezuela's 310,000-barrel-per-day Cardon refinery has been shut since the weekend, a worker and a union leader said on Tuesday. The unit had been processing imported crude but could not continue doing so because cash-strapped state oil company PDVSA had not paid for deliveries, said union leader and opposition activist Ivan Freites. More…

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