[pana_burda]

R.I.P.

Ahh, not only pdvsa had to ask citgo to borrow money on her behalf, because of technical, moral AND financial bankrupsy but now even their toothbrushes are being sued the hell off.

I guess, gasoline in north america, will have to be sold only in jewerly stores, right after this and the guacamole salad going on in Mexico and the submarine cable "accidents" in the Persian gulf and the worsening of the Iraqui conflict and the "hidden" (to the media, of course) war declaration hugo gave to Colombia and the ......

[pana_burda]

But Rafael Ramirez, minister of energy and CEO of PDVSA (`s ashes) says it ain´t a big deal.

[Cid_Yama]

Hey, P-brain. The ruling is only against PDVSA's assets <b>in England or Wales</b>, which are practically nothing, and only until the next court date. The <b>up to</b> 12 billion is meaningless. They could easily have said up to 100 trillion. If PDVSA only has a few million in England or Wales, that is all that this affects and only until the next court date.

This ruling has absolutely NO impact on day-to-day operations or credit ratings.

This is non-news turned into a disinformation attack by western media against Venezuela. What's new.

http://biz.yahoo.com/ap/080208/venezuel ... .html?.v=1

[pana_burda]

$this->bbcode_second_pass_quote('', 'A')ccording to documents filed last month in the U.S. District Court in Manhattan, Exxon Mobil has secured an "order of attachment" on about $300 million in cash held by PdVSA. A hearing to confirm the order is scheduled in New York for Feb. 13. Exxon also filed documents with the New York court showing it had secured a freeze on $12 billion on PdVSA's worldwide assets from a U.K. court.

[Cid_Yama]

P-Brain. The New York case is seperate. You're the one who doesn't verify his facts.

The actual order reads:

"until the return date or further order from the court," PDVSA "must not remove from England or Wales any of its assets <i>which are in England or Wales</i> <b>up to</b> the value of $12 billion (8.3 billion euros)."

How much in assets do you think Venezuela has in England or Wales?

Answer: Squat.

The ruling is against Venezualan Oil Company PDVSA, not Venezuela as a whole and is only until the next court date.

The credit rating agency Fitch Ratings said the British court order would "have a minimum impact on the company's day-to-day operations, as well as its near-term credit quality and financial flexibility." The agency noted that most of PDVSA's assets are located in Venezuela and the United States, where the company has refineries.

British courts only have jurisdiction over GB. Thus the wording of the ruling.

You are wrong, and western media is engaging in intentional disinformation.

http://biz.yahoo.com/ap/080208/venezuel ... .html?.v=1