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Citgo Petroleum

By mortgaging off Citgo, the last fairly well-functioning piece of the national oil sector, the Maduro administration and the ruling PSUV can muddle on, likely averting default for another year—though the falling oil price is a new major problem. 

This week’s likely top stories: Brazil’s President Dilma Rousseff is re-elected; Uruguayan elections move to a second round; Venezuela scraps the sale of Citgo Petroleum; Haitians protest a lack of elections; a Brazilian consortium acquires Chiquita.



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