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Les fraudeurs

Yesterday we learned – via the increasingly indispensable Marianna Párraga – that PDVSA is selling the refinery it owns in the US Virgin Islands. This comes on the heels of the almost certain sale of Citgo, as well as other assets overseas. Whether the reason for these privatizations is a lack of cash, a way of escaping from the claws…

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Out of the closet

It must be frustrating to cover Venezuela for international news organizations. The country is crappy enough to make it burdensome to live there, but not nearly crappy enough for you to earn journalistic prestige points for covering it as opposed to, say, Iraq. Add to that the notorious lack of transparency of the “no comment revolution,” and…

The plane! The plane!

The Carvajal plot thickens

The international press is going to town with this story. Three pieces stand out … ABC’s Emili J. Blasco (the well-sourced Washington correspondent with the juicy details on Hugo Chávez’s illness) says sources in Washington confirm Carvajal was the “main figure” in the drug-running operation set up between the FARC, the Venezuelan military, and Hugo Chávez…

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Does a caged chavista sing the blues?

A few months ago, Nicolás Maduro appointed former general Hugo Carvajal to be Consul General of Venezuela to the Dutch island of Aruba. Yesterday, as Carvajal laid low in the island waiting for the Dutch government to approve his position, he was detained. The US had asked the Netherlands to incarcerate and extradite him. Carvajal was head of…

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The Argentine middleman

Last week, Argentine newspaper Clarín offered some juicy details on the alleged sale of overpriced rice from Argentina to Venezuela thorugh a company linked to Julio De Vido, Cristina Kirchner’s longtime Planning Minister. The head of the Argenitine Rice Producers’ Federation (Fedenar), Jorge Paoloni, has denounced that a company named Bioart SA has taken over all…

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Nothing is free

Our pal Setty has a thoroughly researched, hugely important story on a little footnote in the PDVSA financials. It turns out that, long ago, PDVSA seized some ships from one of its partners, and yadda yadda yadda, Venezuelans lost $644 million. In minute detail, Setty goes through the job of untangling this particular ball of yarn. The…