Venezuela Oil and Gas Report Q1 2014

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Venezuela Oil and Gas Report Q1 2014 Nov 13th 2013, 00:00 Price: $ 1295   BMI View: In the wake of the political transition following the death of long-time leader Hugo Chávez, a weaker than expected current President Nicolás Maduro is confronting a worsening economy and growing unpopularity. While a flurry of new loans and deals may improve the financial position of PdVSA over the short term, the threat that badly needed funds will diverted from investment into the oil and gas sector to fund social programmes remains as real as ever. Although our long-term forecasts call for growth as projects in the Orinoco belt ramp up, we expect Venezuela to continue its underperformance given the scale of challenges - which range from political interference to chronic underinvestment. Similarly, despite abundant gas reserves, we expect Venezuela to remain a net importer of gas over ... Complete report details with Table of Contents and more @ http://www.marketreportsonline.com/294311.html

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