Bloomberg News

PDVSA Receives $1.5 Billion Housing Loan From Chinese Bank

February 27, 2012

Petroleos de Venezuela SA, the state oil company, has recieved a $1.5 billion loan from the Industrial and Commercial Bank of China for housing projects to be built by China’s Citic Group Corp., company officials said today at a signing ceremony in Caracas.

To contact the reporter on this story: Nathan Crooks in Caracas at

To contact the editor responsible for this story: Tina Davis at

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