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PDVSA´s Lost Decade…

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DESPITE RECORD OIL PRICES, VENEZUELA´S STATE OIL COMPANY CAN´T GROW OIL OUTPUT CARACAS – Rafael Ramirez, president of Petroleos de Venezuela SA (PDVSA), had plenty to smile about when he released the company’s 2011 results in April. Revenue rose a full 31 percent to $124.8 bi-llion during the year, while net income jumped 43 percent to […]
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