(Energy Analytics Institute, Aaron Simonsky, 8.Jun.2016) – Paraguay plans to pay back its $287 million debt with PDVSA in 2023, reported the daily newspaper Noticias24, citing Paraguayan Industry and Commerce Minister Gustavo Leite.
The agreements between Paraguay and Venezuela were initially signed in 2008 and established that debts accumulated by Paraguay to acquire Venezuela oil could be paid back in 15 years with a 2-year grace period and an annual interest rate of just 2 percent.
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