Venezuela's PDVSA debt rises

25 Jan, 2015

Venezuelan state oil company PDVSA's consolidated financial debt rose 6.3 percent in 2014 compared with the previous year to reach $46.2 billion, the company said late on Friday, a figure that does not include debts to providers. PDVSA this year will have to pay some $6 billion in debt service and around $5.5 billion in 2016, according to analysts, boosting pressure on its finances amid a tumble in crude prices.

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