Wednesday, November 23, 2016

Paraguay receives debt payment call for from Venezuela's PDVSA - Petropar president



ASUNCION, Paraguay Paraguay's kingdom-run oil firm Petropar said Saturday that Venezuelan nation oil producer PDVSA [PDVSA.UL] had set a 10-day cut-off date for the Paraguayan organization to repay $287 million of lengthy-status debt.
The call for comes quickly after Paraguay asked final week to convene a assembly of overseas ministers within the South American Mercosur change institution to study if Venezuela had failed to comply with democratic norms laid out inside the agency's charter.
Petropar president Eddie Jara informed neighborhood media that he acquired a letter from PDVSA annoying the whole debt fee "in impulsive and unfriendly phrases."
He brought that Paraguay was inclined to pay the debt eventually, however that its finances did not permit it to comply with Venezuela's call for.
This week the pinnacle of the employer of yank States, an inter-continental diplomatic bloc, known as for an urgent assembly to discuss whether or not Venezuela is violating democratic ideas.
The OPEC nation of approximately 30 million people is reeling from food shortages, the arena's highest inflation, long strains for basic items, and alarming violent crime, amongst different woes.

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