Bloomberg News

CORRECT: PDVSA Debt to Suppliers Up 40% in 2012, El Universal

March 22, 2013

Corrects 2011 dollar figure in first paragraph.

Co. increased its debt to service suppliers to $14.6b in 2012 from $10.4b in 2011, El Universal reports today citing Oil Ministry annual report. * Total income fell 3% last yr to $121b, the newspaper said * Co. reported net profit of $4.7b in 2012 * NOTE: PDVSA said Jan. 22 total debt rose 14.7% in 2012 to $40b from $34.9b at end of 2011 * NOTE: Schlumberger, world’s largest oil-services co. said March 18 it’s reducing work in Venezuela because of trouble getting paid by PDVSA

To contact the reporter on this story: Corina Pons in Caracas at crpons@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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