PDVSA To Buy Back Dollar Debt

Venezuelan state-owned oil company PDVSA is to set aside $83 million to buy back US dollar debt. This follows comments made by PDVSA president and minister of energy, Rafael Ramírez, who said that the company will shortly cease to be registered with the SEC. Ramírez noted that PDVSA is the only national oil company to be listed and filing financial reports with the US regulator.