President of Pdvsa: We are slipping into debt, but our assets have grown
The head of Venezuelan state-run oil company Pdvsa said that indebtedness is being used to create "a mindset that we have no capacity to run the oil industry (...) It has been said that Pdvsa is in crisis"
"We were a USD 37 billion oil company. Today the wealth of the company amounts to USD 72 billion. Our assets have sparkled Our iron, our equipment, our machinery stand at USD 183 billion," Ramírez explained.
The head of the oil company added that Pdvsa indebtedness is being used to create "a mindset that we have no capacity to run the oil industry (...) It has been said that Pdvsa is in crisis and is tearing apart."
Ramírez underscored that foreign banks would not lend money to a company unable to settle its debts.
"No way! Indeed, we seek to boost oil output. We have two horizons: four million of barrels per day (bpd) in 2014 and nine million in 2019."
A finance plan or investment development plan amounting to USD 234 billion has been designed estimated for such a purpose, he said.
Translated by Jhean Cabrera
Luis Jiménez Alfaro seems to have hidden under the rocks. The last time he was seen was on April 2006 walking calmly around Simón Bolívar International Airport of Maiquetía, located nearby Caracas. At that time, more than five tons of cocaine arrived in Mexico in an airplane which took off from Venezuela, and his name featured as a missing piece of the puzzle of one of the most massive drug shipments that has been witnessed in the Western Hemisphere.