ESPACIO PUBLICITARIO
CARACAS, Friday January 04, 2013 | Update
 
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OIL

Ancap pays Pdvsa USD 517 million

The agreement on the anticipated payment was reached on August 4, 2012

EL UNIVERSAL
Friday January 04, 2013  02:44 PM
Uruguayan state oil company Ancap made an anticipated payment of USD 517 million to Venezuelan state oil firm Pdvsa, thus reducing a debt amounting to some USD 828 million, the Uruguayan company said Friday in a statement.

"Ancap canceled (...) the debt incurred during August 2005-March 2012, which included the financing of 48 cargoes of crude oil," the firm said as quoted by AFP.

The agreement on the anticipated payment was reached on August 4, 2012, after years of negotiations, during a brief visit Venezuelan Minister of Energy and Petroleum and President of Pdvsa Rafael Ramírez paid to Montevideo, a few days after Venezuela joined the Common Market of the South (Mercosur).
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Is protest over?

That political protest in Venezuela has lost momentum seems pretty obvious: people are no longer building barricades to block off streets near Plaza Francia in Altamira (eastern Caracas), an anti-government stronghold; no new images have been shown of brave and dashing protesters with bandanna-covered faces clashing with the National Guard in San Cristóbal, in the western state of Táchira; and those who dreamed of a horde of "Gochos" (Tachirans) descending  in an avalanche to stir up revolt in Caracas have been left with no option but to wake up to reality.

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