Venezuela pledges to pay debts to oil...

Venezuela pledges to pay debts to oil contractors

There are 6 comments on the The Miami Herald story from Jun 10, 2009, titled Venezuela pledges to pay debts to oil contractors. In it, The Miami Herald reports that:

Venezuela's state oil company said Tuesday it will pay its debts to oil contractors and increase investment despite depressed world crude prices and a wave of costly nationalizations.

Join the discussion below, or Read more at The Miami Herald.

Brenda Lexa

Mosier, OR

#1 Aug 22, 2009
This comment is in regards to the Blue Bridge Pipeline project currently in the pre-filing stages with FERC, Docket No. 09-10. The most recent scoping changes have removed many Snowden properties from the proposed route selection, which of course is great news for the landowners, but creates a new concern for us. Williams Northwest now proposes to use their existing pipeline through the West end of Klickitat County. This pipeline is 50 years old and has never been pigged.("Pigging is a mechanical device that runs through the pipeline to detect abnormalities in the integrity of the pipeline)
Northwest does not plan to perform pigging on the existing line until 2013, a year after the proposed completion of the new pipeline project. We find this neglectful in regards to the safety of the Klickitat County residents and have requested Northwest to amend their maintenance schedule and pig the existing line prior to increasing the volume of gas to be shipped through this existing line, sadly, we have received no response. We are urging all who are concerned about pipeline safety to encourage Northwest to comply with the wishes of the residents who are at risk should an accident happen due to this neglect. Thank you for your time and support
B I G Mike 6ft4 255

Barranquilla, Colombia

#2 Aug 22, 2009
Not sure why Brenda thinks Klickitat country in the state of Washington has anything to do with Venezuela.

Now, back to the Topic: Venezuela (PDVSA) and Debt

After Venezuela has mistreated foreign investors, and after they decide what meager sum the choose to pay for the expropriated properties and equipment, it is doubtful credible foreigners will show much interest in the place.

The international courts will be having their go at PDVSA and Venezuela. This will be intriguing!
Tom in Lazybrook

United States

#4 Aug 23, 2009
So Helmrich and Payne and Williams are going to get their half billion dollars?
B I G Mike 6ft4 255

Barranquilla, Colombia

#5 Aug 23, 2009
Tom in Lazybrook wrote:
So Helmrich and Payne and Williams are going to get their half billion dollars?
When the Venezuelan's visit The Hague, to deal with the international courts, they will see how accurate their appraisals were.
Glasnos

Apopka, FL

#6 Aug 25, 2009
After sticking their hand in and having it hacked off, Hugo asks for their other hand ... any takers?
B I G Mike 6ft4 255

Barranquilla, Colombia

#7 Aug 26, 2009
Glasnos wrote:
After sticking their hand in and having it hacked off, Hugo asks for their other hand ... any takers?
Yes, the Cobra that says "I don't bite"... anymore!

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