Mikhail Svetlov/Getty ImagesRussia looks set to be buying Venezuela’s oil. Rosneft is a big lender to PdVSA, and PdVSA is broke so Rosneft wants to be paid. Imagine if you will the raucous sound of hysteria you would get from many newsrooms if, say, Exxon, was buying PdVSA instead of the Russians. Headline: Exxon Buys Venezuelan Oil Giant PdVSA. The move would have to be approved by Venezuela’s parliament, the National Assembly, which is under control of the opposition.

Source: Forbes October 21, 2019 13:52 UTC