pdvsaacreedores

Commercial debt in Venezuela’s oil industry is no longer just hallway talk; it is beginning to take shape as a structured initiative. The PDVSA Commercial Creditors Committee announced that on November 17 it will present “Capital Nacional,” an initiative aimed at organizing outstanding claims from suppliers, engineering contractors, oilfield services companies, and supply and construction firms, as well as proposing foreign financing arrangements for the state-owned company and its subsidiaries.