Pdvsa requests payment of debts related to energy deals

Economy
Amidst financial problems, the state-run oil company Petróleos de Venezuela is asking foreign companies to repay their debts under energy supply agreements.

Recently, the Venezuelan oil holding requested Argentina and Paraguay to meet their obligations.

As concerns Argentina, the delay in payments for fuel oil and gasoil bills in 2007 and 2008, forced the government of Cristina Kirchner to renegotiate a USD 813 million debt. The two parties are negotiating the disbursements to be made by Buenos Aires.

Concerning Paraguay, the officials of Pdvsa decided not to negotiate and requested cash payments. According to ABC newspaper, the Paraguayan oil company Petropar asked for refinancing of the USD 302 million debt; however, Pdvsa officials rejected the proposal and requested the Paraguayan company to make a down payment of USD 180 million for due obligations.

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IISS: The FARC financed Chávez before 1999

10:07 AM. DIPLOMACY. Admired by the Colombian guerrilla after his coup attempt in 1992, the then lieutenant colonel Hugo Chávez Frías received financial support by the Colombian Revolutionary Armed Forces (FARC) for his projects after his capture that year. This mostly explains the relationship and "debt" between the parties, as revealed by a paper of the International Institute for Strategic Studies (IISS) of the United Kingdom.