Thursday, August 21, 2014

Venezuela and CITGO

Bloomberg takes a highly critical look at Venezuela's efforts to sell CITGO, arguing it is yet another sign of financial problems. But this is what caught my eye:

An official for the state oil producer known as PDVSA, who asked not to be identified because he isn’t authorized to speak publicly, declined to comment on the potential divestment of the company’s Citgo assets.

So a PDVSA official isn't authorized even to say that he or she won't comment.


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