Is a PDVSA restructuring looming?
PDV station, a subsidiary of PDVSA, in downtown Caracas (Credit: Shutterstock.com/testing)
Venezuelan lawyers have welcomed a tentative proposal from state-owned oil company PDVSA for a restructuring that would privatise various assets and allow investors to hold larger shares in its oil fields. But they've warned there's a long list of economic, legal and political hurdles to be overcome before anything can be put into practice.
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