(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.
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