- PABLO ESCALONA
20 de julio de 2017 08:36 AM
Actualizado el 20 de julio de 2017 08:46 AM
Eulogio Del Pino, president of state-owned oil company Petróleos de Venezuela (Pdvsa), announced on Wednesday a funding plan for oil projects and other projects in support of the domestic industry, for near USD 51 billion.
During the “Meeting with entrepreneurs for a post-oil economy,” hosted at Pdvsa headquarters in Caracas, the senior officer explained that more than half of the financing covers already specific projects, for about USD 7.4 billion, or joint ventures with a cash flow estimated at USD 8.5 billion. He added that the initiative counts on capital movements for additional USD 8.6 billion.
Del Pino affirmed that there is leeway for USD 26 billion in funding and business opportunities. “They come together with a scenario we have labeled as moderate, a scenario of moderate recovery of (oil) prices and that could leverage some growth,” he said.