Here is Rafael Ramirez’ explanation of why the oil service companies were nationalized:
“These activities were in he hands of third parties that would tell us: If you don’t pay me my invoice ..then i I will leave with my boats and my ships and let’s see how your produce oil”
Of course, he does not say that PDVSA had not paid these companies for six to none months and even a year in some cases. When PDVSA does not pay the workers of these companies, or does not invest in maintenance, then the boats will stay, but theyw ill not even float. He also says that these companies will be paid book value because they were nationalized, not “purchased”.
Oh, I see!
Robolutionary logic at it’s best.