Check out this incredible report from today’s El Mundo. A reader who alerted me to the story points out that the main topic has little to do with the headline, and sends this synopsis:
Report on economic situation from east coast of Lake Maracaibo. Several service company owners report that they were owed millions of Bs by PDVSA before the nationalization. Since being expropriated they haven’t been paid anything at all. Minister Ramirez now says they won’t be paid because they’re “golpistas”.
Many of the assets that were taken over (boats, tugboats, cranes, barges, etc.) are falling into disuse or have simply disappeared. One ex-owner owned crew boats, he went to check recently. Several boats have been destroyed by fires; or engines ruined due to misuse and lack of maintenance.
Also mentioned is loss of income to the municipalities. Formerly they received the municipal sales tax, which was 2% of the gross sales made by each of those companies to PDVSA. That was one of the acknowledged purposes of the expropriations; to cut off funding to local opposition government
Setty here: my favorite paragraph, translated:
PDVSA took a total of 97 tugs, of which only 20 are currently working. The dive boats absorbed by the state add up to 80, of which only 16 are active. While of 30 barges expropriated, half are stopped.