IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Nov 2013 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 4 November 2013, Venezuela's the state oil company, Petroleos de Venezuela SA (PDVSA), seized two of the Houston-based Superior Energy Services' hydraulic snubbing units from its facility in Anaco, Venezuela. The total amount owed to Superior from PDVSA is approximately USD 9 million. Net book value of the assets seized is under USD 1 million.

AFFECTED COUNTRIES

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