Ancap pays Pdvsa USD 517 million
The agreement on the anticipated payment was reached on August 4, 2012
"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).
Why did Gerardo come to Caracas? One day he took the decision, handed the car keys to his father, gave him his share of the cloth business they both owned in San Cristóbal and kissed his wife and two sons goodbye. "He told us he was going to continue fighting for Venezuela," the wife says. That was in mid-2013. He has been imprisoned since May 8, 2014.