OPIC refutes PDVSA complaints over INTESA claim

The Overseas Private Investment Corp (OPIC) July 23 disputed charges by Venezuela's state-owned oil company Petróleos de Venezuela SA (PDVSA) that the US agency's decision to pay out a $6 million risk insurance claim to information technology contractor Science Applications International Corp. (SAIC) was politically motivated.An OPIC spokesperson characterized PDVSA's most recent accusations made at a July 21 press conference in Washington, DC, as untrue, calling the statements by PDVSA's legal team "a smokescreen" designed to obfuscate the facts behind the case.OPIC officials specifically refuted PDVSA's assertion that SAIC did not follow the terms of its contrac...

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