It's on me.Venezuela, one of the world's biggest oil producers, has got some money to spend thanks to high crude prices. Windfall windfall An unexpected profit or gain. An investor holding a stock that increases greatly in price because of an unexpected takeover offer receives a windfall. oil revenue not only improves life for many in the country, but also allows the government to make politically charged donations across the hemisphere hemisphere /hemi·sphere/ (hem´i-sfer) half of a spherical or roughly spherical structure or organ. cerebellar hemisphere either of two lobes of the cerebellum lateral to the vermis. . Petroleos de Venezuela (PDVSA PDVSA Petroleos De Venezuela, SA ), the state-owned oil company, will invest US$449.7 million in medical equipment to improve public hospitals. Citgo, PDVSA's U.S. gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by retailer, will distribute 19 million liters of heating fuel to low-income residents of Philadelphia and other cities. Venezuela will also supply Bolivia with crude oil and fuels. PDVSA opened an office in Bolivia to give Yacimientos Petroliferos Fiscales Bolivianos, Bolivia's state-owned energy company, technical assistance. |
|
||||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion