The oil barrel dries up

Petróleos de Venezuela’s consolidated profits and sales revenues plunged in 2009 due mainly to lower world oil prices, the corporation says in its official annual report that was issued on August 4, over four months later than the publication date mandated by law.

PDVSA earned a net profit of over $4.49 billion in 2009, down 53% from the $9.4

billion net profit reported in 2008, the externally audited report says. Consolidated

global sales of $74.9 billion in 2009 declined by 41% compared with consolidated

global sales of over $126.3 billion in 2008, the report adds. PDVSA’s average

export price in 2009 was $57/bbl compared with $86.50/bbl in 2008.

Continua:

http://www.laempresaprivada.com/blog267.pdf