The movement, founded in 1865 by William Booth, has spread from London, England, to many parts of the world. The rapid deployment of the first Salvationists was aided by the adoption of a quasi-military command structure in 1878 when the title, âThe Salvation Armyâ, was brought into use. A similarly practical organisation today enables resources to be equally flexible.
Venezuelaâs oil production has been declining for years, going from 3.3 million barrels a day in 1997 to about 1.9 million barrels a day in 2016. Venezuela cannot afford to produce the oil it needs to sell.
Plug Pulled on Venezuelaâs Sale of Citgo. Oil Refiner Plans Debt Sale to Raise Funds for Cash-Strapped Country. Updated Jan. 20, 2015 7:18 p.m. A sale process for Venezuelaâs Citgo Petroleum Corp. has been called off, and the U.S.-based oil refiner instead plans a debt sale that would raise funds for the cash-strapped country. The auction was scrapped in recent days after several suitors submitted bids in early December, people familiar with the matter said.