Home Latin America Venezuela’s PDVSA Oil Company to Get Over $1.4 Billion in Loans

Venezuela’s PDVSA Oil Company to Get Over $1.4 Billion in Loans


Venezuela’s state-owned oil and gas company Petroleos de Venezuela (PDVSA) has reached an agreement on loans in the amount of over $1.4 billion with two of its partners, El Economista reports.

MEXICO CITY (Sputnik) – India’s ONGC Videsh will loan $318 million to PDVSA, while DP Delta Finance will provide a loan of $1.13 billion, the daily said on Friday.

According to Venezuela’s Oil Minister Eulogio del Pino, PDVSA has signed financing agreements worth $10.7 billion with its partners in the past two years, which will allow to increase oil production at joint ventures from 420,000 to 855,000 barrels per day. In October, PDVSA agreed with Russia’s Rosneft oil corporation on the allocation of $20 billion for the implementation of Orinoco Belt oil projects.

Warning: A non-numeric value encountered in /home/admin/web/worldnews77.com/public_html/wp-content/themes/Newsmag/includes/wp_booster/td_block.php on line 353


  1. Hey there! This post couldn’t be written any better! Reading this post reminds me of my previous room mate!
    He always kept talking about this. I will forward this write-up to
    him. Pretty sure he will have a good read. Thanks for sharing!

  2. I’m writing to make you be aware of of the cool discovery our princess had going through your web site. She noticed several things, not to mention what it is like to possess a great coaching spirit to make folks with ease know just exactly several extremely tough subject areas. You truly exceeded visitors’ expected results. Thanks for showing the great, trustworthy, informative and in addition cool thoughts on the topic to Janet.