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PDVSA’s woes deepen

Managing assets for the Venezuelan government has become ‘an almost impossible task’ according to Bernhard Schulte Shipmanagement, but the ending of a 25-year relationship is only the tip of the iceberg when it comes to problems for the embattled state energy company and its tanker arm PDV Marina

A legal source says PDVSA’s fleet is now in danger of being arrested beyond Venezuelan waters due to unpaid fees to various service providers

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