Venezuela Cancels Premier LAPS Oil Event

Instant Max AI

(Energy Analytics Institute, Pietro D. Pitts, 4.Jul.2016) – Venezuela will not hold its annual Latin American Petroleum Show (LAPS).

The decision to cancel the event this year is due to financial constraints that render PDVSA unable to provide major hosting support as well as payment issues with international service providers who aren’t yet willing to assume additional debts sponsoring the event amid mounting unpaid debts with the country’s state oil company, said Venezuela’s Petroleum Chamber president elect Alexis Medina P. in an exclusive interview with Energy Analytics Institute in Caracas.

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