patrick.net

Venezuela’s devastated economy continues to plunge ever deeper into deflationary crisis. Venezuela has been unable to pay foreign companies working to develop its oil fields. Its state-run oil company, Petro de Venezuela SA (PDVSA) owes hundreds of millions of dollars to foreign investors which it cannot pay. As a result, investors are asking to be paid in oil.

http://www.globaldeflationnews.com/just-give-us-the-crude-say-venezuelas-creditors/