Re: Venezuela's deals to shield Citgo from creditors now in doubt

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auntierooski

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Re: Venezuela's deals to shield Citgo from creditors now in doubt

in response to

Venezuela's deals to shield Citgo from creditors now in doubt

ifeelyellow

posted on Dec 12, 2018 10:04AM

Some Vz money is getting through. Why not others?

"12/12/2018 05:30 a.m.

Caracas .- "Petróleos de Venezuela (Pdvsa) completed this Tuesday the payment of 500 million dollars to ConocoPhillips, corresponding to the commitments derived from the arbitration award issued in July of this year," reported Rendivalores Casa de Bolsa.

The financial services company noted on its Twitter account @Rendivalores, that "the Venezuelan oil company complies with the total disbursement that it had to make before the end of the year." And he added that "there are 1.500 million dollars left that must be paid in cash quarterly in the next 4 and a half years".

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