La Nación: PDVSA Argentina is in ruins and with a case for money trafficking

A report from the gaucho newspaper reveals what happened to the Venezuela-Argentina energy integration project, inaugurated by the late Hugo Chávez; and the conditions in which PDVSA Argentina finds itself, the PDV Sur stations and the cases of corruption that it accumulated in 17 years

Of the 65 PDVSA-Enarsa service stations, a product of the energy agreement between Argentina and Venezuela, signed in 2005, today only four stations still display the PDV Sur sign, although they do not dispense fuel and accumulate judicial embargoes, millionaire debts and at least 80 lawsuits of employees and suppliers, for wages and late payments; reviewed the newspaper The nation from Buenos Aires.

The gaucho newspaper published this August 4 a special work, entitled What happened to PDVSA? The dream of Hugo Chávez and Néstor Kirchner in ruins: only four abandoned stations remain, signed by María Nöllmann, in which she recalls the beginnings of this energy cooperation agreement and reveals the unfinished projects, the state of PDVSA Argentina, cases of corruption and testimonies of owners of pumps that PDV Sur took over, of former employees and the debts of this failed plan – like so many others of the late Hugo Chávez.

* Read: PDVSA produced as much income as cases of corruption

PDVSA Argentina still exists

«Despite not having any mouth in operation, PDVSA Argentina still exists. The company, which retains a few employees, has a global debt with the AFIP (Federal Administration of Public Revenues) that at the beginning of this year amounted to 450 million pesos. According to former employees, the company had to leave its office in Libertador (Buenos Aires) and Cerrito (Entre Ríos) for owing millions in rent and expenses, and has seized both its warehouse in Dock Sud and its barges,” the report details.

Today, more than two years after its last service stations stopped working, the Argentine subsidiary of the Venezuelan oil company still exists in the country. Currently, the less than six remaining employees work in an office on Reconquista Street; explain the text.

Nöllmann recalls that PDVSA Argentina is charged with a case for illegal money trafficking from Bolivia to Argentina, from January 2020.

“The undeclared US$100,000 seized at a Bolivian airport were transported by a woman, María Palacios, who was imprisoned for a few months. Palacios declared at the time that the wads of dollars were intended for the payment of salaries from PDVSA Argentina. Against this background, the flow of dollars from Bolivia, where the Venezuelan oil company also has business, was cut off, but only for a while, according to people close to the company. According to sources, after a few months the company reactivated foreign financing through non-conventional means”, explains the note.


Daniel Gustavo Montamat, former president of the oil company YPF and former Secretary of Energy of Argentina, and Guillermo Lego, manager of the Confederation of Hydrocarbons and Related Marketing Entities, are some of those interviewed in this special, and who assure that the reason for the failure of the The project was due to the fact that PDVSA took over a chain of stations that had already been losing money, due to the location of its stations and the fact that the Venezuelan state-owned oil company stopped financing the project.

«PDVSA imploded in Venezuela itself. At the beginning of Chavismo, and also before, the company produced 2,800,000 barrels of oil. Chavismo ended up atrophying it. Today it produces 600,000 barrels. A company that was a leader among the state oil companies in the region due to its professionalism and planning capacity ended up imploding due to all the populist policies established by the Venezuelan government. And that reached all the projects that PDVSA had abroad, including the Argentine project,” says Montamat.

Read the full report here

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