Barron’s: Venezuela Debt Deadlines – Will Oil Cover February?

pdvsa-flamersThe government of Venezuela and state-controlled oil company Petroleos de Venezuela together face $10 billion in debt payments this year, though April deadlines could prove especially onerous and February’s burden is sizable.

The government is on the hook this year for $3.4 billion and Pdvsa, $6.6 billion — with $2.9 billion due mostly by Pdvsa in April, according to Caracas Capital. It puts the total debt burden of Venezuela, an oil producer and OPEC member, at $71 billion, not including a number of special arrangements including loans from China to be paid back with oil shipments.

http://www.barrons.com/emergingmarketsdaily/2017/02/03/venezuela-debt-deadlines-will-oil-cover-february/

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