Venezuela’s state oil company will pay off debt

-Contributed by Erwin Cifuentes. Petroleos de Venezuela SA will pay off its multibillion dollar debt traded in U.S. markets in order to avoid filing financial reports with the Securities and Exchange Commission. "We should not be in the Security Exchange Commission, and when we pay off our private debt we will leave," said the president of Petroleos de Venezuela SA on Wednesday. (Business Week)

Venezuela, latin america, South America, latin america, Petroleos de Venezuela