Chavez Campaign

posted in: News

Chavez continues in campaign while oil revenues in danger Buenos Aires, Argentina on February 3, 2009 yesterday February 2, in Venezuela proved to be a non-working day, decision taken by Hugo Chavez for what has called celebrate ten years of revolution, in commemoration of his ten years in power. Chavez, not in accordance with the ten years that has now as President of Venezuela, is poised next February 15 find a favorable vote by the Venezuelan people that the permit the amendment of the Constitution in order to be re-elected indefinitely. And while the Venezuelan Government with Chavez to head it entertains campaigning in search of the Yes to the constitutional amendment, oil revenues are at risk with the increase in debts to the companies providing services to the oil sector. A written note to Reuters by Brian Ellsworth said in this regard: Venezuela faces a growing risk of dropping its crude oil production in the coming months Since the oilfield services companies show signs that might interrupt its key activities by a huge backlog of unpaid accounts. As stated in the same note, the State Venezuelan PDVSA, affected by the sharp drop in the price of oil, has major problems to deal with debts of more than US $8 billion with companies providing services (transportation, exploration, among others). Longer suspensions have occurred in the provision of services by some companies and it is expected that new suspensions continue to occur. Thus, the possibility of reduction in oil production is concrete and would produce a new source of conflict in a Venezuelan economy highly dependent on oil revenues. But the threat to oil production is not the only problem that is on the rise in Venezuela. Also are aggravating the problems of shortages, mainly of those assets of first need. The problem of food shortages in Venezuela, according to the President of the Institute for the defense of people in access to goods and services of Venezuela, Eduardo Saman, is part of a plan to sabotage a coming referendum on a constitutional amendment which is: promoted by sectors of the counter-revolution that are playing to create discontent with shortages.

This entry was posted on May 26, 2013 at 2:30 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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