Economy
Venezuela's state-run oil company Petróleos de Venezuela (Pdvsa) has delayed payments to suppliers of the oil industry and, therefore, such companies are asking banks for special payment plans to settle their financial difficulties and keep operations.

The companies that provide services to the state-owned oil company have not received any payment from Pdvsa in the last few months; as a result, suppliers have requested meetings with Pdvsa officials to find solutions, but they have not received any answer.

In view of the delays, the companies have requested meetings with banks to agree on the forms of payment of outstanding debts and on new financing schemes to continue operations until the oil industry pays its debts.   

Last week, Eudomario Carruyo, Pdvsa's Finance director, admitted to foreign news agencies that the debt with oil service companies is important but, in his view, manageable. The Pdvsa board members said that the oil giant is having as hard a time as many other oil firms in a similar position around the world.