The article title pretty much sums it up

The article title pretty much sums it up.

oilprice.com ↗

FROM THE THREAD

Tom's notes 1

  1. Tom Kirkman

    China and Russia have previously invested quite a bit in PDVSA, throwing significant financial lifelines to keep PDVSA afloat. So it seems fairly likely that if Venezuela and / or PDVSA collapse, China and Russia would step in and take controlling interests in upstream and downstream O&G facilities, acreages and oil reserves.

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