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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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mineonmoney

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Pdvsa arrives at arrangement with oil service provider

posted on Jan 28, 2014 12:03PM

Pdvsa arrives at arrangement with oil service provider in Lake Maracaibo

Last January 15, a deal was structured with Wood Group Engineering (North Sea) Limited and Simco apropos an arbitration against the Venezuelan oil company

EL UNIVERSAL

Monday January 27, 2014 11:18 AM

State-run oil holding Petróleos de Venezuela (Pdvsa) put an end to an arbitration proceeding lodged at the International Chamber of Commerce (ICC) with regard to a service agreement with the companies members of Simco Group for maintenance and operation of treatment and water injection plants related to oil production in Lake Maracaibo, west Venezuela.

In a press release, Pdvsa stated that on January 15, 2014, a deal was stricken with Wood Group Engineering (North Sea) Limited and Simco Group apropos an arbitration sought against the Venezuelan oil holding.

Pdvsa noted that the move shows its intention to negotiate with nationalized businesses which are located in Lake Maracaibo

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