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Article: Oil debt to Venezuela soars.(Cuba)
- Article from:
- Caribbean Update
- Article date:
- March 1, 2004
CopyrightCOPYRIGHT 2004 Caribbean Update, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OIL DEBT TO VENEZUELA SOARS. With little fanfare, Venezuela's President Hugo Chavez has become Cuba's biggest financial supporter since the Soviet Union pulled the plug on its subsidies more than a decade ago. Over the past three years, Cuba has run up a massive debt of US$752 million for oil shipped by Venezuela's state oil company, according to people close to the company, reports The Wall Street Journal (Feb. 3, 2004):
Though Venezuelan officials deny that Cuba is falling behind, people familiar with the debt say it is piling up and that the government has made little effort to collect. This makes the shipments a crucial subsidy that is helping keep the ...
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Article: Bridge Oil debt rated B2. (Brief Article)
The Oil Daily;
August 17, 1993 ;
501 words
...NEW YORK -- Moody's Investors Service is assigning an initial rating of B2 to the $100 million proposed issue of senior notes, due 2000, of Bridge Oil Inc. The rating reflects Bridge Oil's satisfactory cash flow, its quality natural gas reserves, and its leverage to natural gas prices, Moody's
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