17 de agosto de 2016 14:59 PM
Actualizado el 17 de agosto de 2016 19:01 PM
Paraguayan state-run Petróleos Paraguayos (Petropar) on Wednesday announced that it would propose Argentinean attorney Horacio Grigera as arbitrator in the arbitration procedure to take place in Paris, France, over a USD 265 million state-owned Petróleos de Venezuela (Pdvsa) is claiming.
Petropar on Thursday expects to introduce Grigera, former Secretary General of the International Court of Arbitration and currently independent arbitrator and advisor, Efe reported.
For its part, Pdvsa requested the court’s arbitration after giving Petropar a 10-day deadline to pay out the debt; otherwise Pdvsa would file a complaint for default.
Pdvsa claims USD 256 million plus 2% of annual interest, an amount recognized by its Paraguayan counterpart.
The debt emerged following the Energy Agreement of Caracas signed in 2014 by the two nations to supply Petropar with gas oil.