Venezuelan state-run oil company rules out a US dollar bond sale
The president of Venezuelan state owned oil company Pdvsa noted that the company will not take on further debts via US dollar bond sale
"We are issuing no bonds, and, particularly, we will not continue issuing bonds to take on debts in US dollars. That is not envisaged," the minister told the press.
The oil company's debt ended in 2012 at USD 40.02 billion, 14.7% above the numbers recorded a year earlier, AFP reported.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.