Home › Forums › Refining Community › Refinery News › Update – Chavez End Asphalt Sales / Seize Companies › RE: Update – Chavez End Asphalt Sales / Seize Companies
Here is update on Venezuela Asphalt Sales & November sale of Citgo Asphalt plants to NuStar (See Coking.com post). It just goes to prove the adage no good deal goes unpunished by Chavez! And that when you deal with a company or country that doesn’t honor its agreements, you cannot expect them to do so with you.
Having so far escaped reaction from siezing crude fields, upgrading assets and other trumped up tax / tariff positions, Chavez/Pdvsa will only continue to do so with the growing Venezulea problem of the day until US government backs our companies position and protects their international rights for trade, at least a counter tariff on import crudes and products that would reimburse companies like ConocoPhillips, ExxonMobil, NuStar and Chevron.