PetroPar Debt Will Not Be Forgiven

(Energy Analytics Institute, Ian Silverman, 10.Sep.2013) – PDVSA President Rafael Ramirez, who also serves as Venezuela’s Oil Minister, said that the debt owed to PDVSA by Petroleos de Paraguay (Petropar) must be repaid.

Petropar’s outstanding debt to PDVSA is around $265 mln to $270 mln, according to reports on the Paraguayan website Ultima Hora.

“For the moment, PDVSA will not send any more oil to Petropar,” Ramirez told EAI.

In 2012, PDVSA exported 1,100 b/d to Petropar and in 2011 the company exported 7,500 b/d to Petropar, according to PDVSA’s annual report.

***

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

You May Also Like

More From Author

+ There are no comments

Add yours