Venezuela Unraveling: PDVSA Misses Bond Interest Payments
November 22, 2016
Default would be catastrophic for Venezuela From Stratfor Venezuela’s state-run oil and natural gas company, Petroleos de Venezuela (PDVSA), has been ailing for some time. Low oil prices and political disarray have made it difficult for PDVSA to repay its debts, but the government has managed to do so by contracting food imports. The fate of the company has far-reaching implications for the country’s
