China loses patience as Sinopec sues PDVSA
China is losing patience with PDVSA.
Money talks, endless B.S. ends up getting sued.
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“This is not simply a case of a broken promise to pay,” Sinopec said in the court documents, accusing PDVSA of “deceit” and “wilful deception” in its refusal to pay its bills.
“Rather, this case involves a complex commercial transaction specifically calculated to leave Sinopec without a remedy.”
