Bloomberg News

PDVSA Is Confident on Pernambuco Refinery Project, Ramirez Says

January 24, 2012

Jan. 24 (Bloomberg) -- Petroleos de Venezuela SA will “surely” enter into the Pernambuco refinery project along with Petroleo Brasileiro SA, company president Rafael Ramirez told reporters today.

PDVSA is waiting for Brazilian banks to verify loan guarantees provided by the Venezuelan state-oil company including $1.5 billion of cash, he said.

--Editor: Daniel Cancel

To contact the reporter on this story: Jose Orozco in Caracas at

To contact the editor responsible for this story: Dale Crofts at

The Good Business Issue
blog comments powered by Disqus