PDVSA is a big lie/ PDVSA es una gran mentira

**** PDVSA lies about oil to China, among many other things In an article by Matt Ferchen published in the Jamestown Foundation website: http://www.jamestown.org/programs/chinabrief/single/?tx_ttnews%5Btt_news%5D=40404&cHash=40887ca44a187e66b99cecdf5306c1e5 The author includes a very telling table showing what PDVSA claims to be sending to China and what the Chinese say they are receiving: This table shows PDVSA lies:
Year	PDVSA Exports to China	Chinese Imports from Venezuela	Difference
2006	97,000	84,000	13%
2007	95,000	82,000	14%
2008	321,000	129,000	60%
2009	370,000	105,000	72%
2010	178,000	151,000	15%
2011	319,000	230,000	28%
			AVG: 34%

PDVSA claims to be sending to China an average of 34 percent more oil than the China say they are receiving. Sometimes, like in 2009, the differences have been as high as 72 percent less oil sent to China  than PDVSA claims.

This is a lie among the many lies coming on a daily basis from PDVSA. They lie about their proven reserves, about their level of oil production, about the number of drilling rigs active in the country, about the production of natural gas, about the price they obtain for their oil, about the level of exports, about the refinery runs, about their imports of gasoline and diesel, about their contracts, about their many non-oil related activities such as house building, food imports or pig raising.  

The company under Rafael Ramirez is an immense lie. As such it has lost all international credibility. PDVSA bonds are no longer accepted by many brokers, due to the shaky financial situation of the company and the nation.

Guinness is probably getting ready to record the first case in history of an oil company going belly up.