Eulogio del Pino, the President of state-run oil giant Pdvsa, said that about USD 2 billion were earmarked for oil projects, with the funds coming a Chinese loan amounting to USD 5 billion
The president of Petróleos de Venezuela (Pdvsa), Eulogio del Pino, said on Tuesday that they “are evaluating” ways to refinance the debt of the company.
Del Pino, who is also the Petroleum and Mining Minister, told Reuters that about USD 2 billion have been approved for projects in the oil sector, with the funds coming from a Chinese a loan amounting to USD 5 billion.
Pdvsa once again echoed Venezuela’s call for an emergency meeting of member countries of the Organization of Petroleum Exporting Countries (OPEC), and criticized Saudi Arabia’s stance of “prioritizing (production) volumes over prices.”
Bron: El Universal