You are here

Venezuela's oil industry plagued by piracy and holdups

Monday, June 29, 2015 - 05:50

BT_20150629_LEVENE29_1744796.jpg
Gangs, including those that have for years prowled the waters of Lake Maracaibo, are lured by the oil sector's valuable infrastructure.

Maracaibo, Venezuela

WHEN night falls over western Venezuela, armed gangs known as "pirates" sometimes ride boats into muggy Lake Maracaibo to steal equipment from oil wells. In the country's Paraguana peninsula, slum dwellers at times break through a perimeter wall into Venezuela's

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom