Pdvsa discusses ways to pay bills to suppliers

Economy
State-run oil company Petróleos de Venezuela (Pdvsa) has debts with service companies and after recognizing its obligations, oil-sector officials are discussing several schemes of payment.

Representatives of the oil industry are expected to meet with suppliers in the coming days to propose them several options. Oil industry sources have said that Pdvsa officials are interested in paying the debts.

Further, the service providers have already raised the matter to the Ministry of Economy and Finance to ensure that its top officials can mediate in the negotiations. The companies have also notified the banks about their financial status.

The service companies have planned to request agreements with financial institutions on the forms of payment of outstanding debts and on new financing schemes that allow them to continue operations until the oil industry repays the accounts payable.

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IISS: The FARC financed Chávez before 1999

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