Venezuela is the world’s 12th largest oil producer and a large supplier to US markets.
Latam Energy Advisors has always acknowledged the willingness of Venezuela’s national oil company, PDVSA, to satisfy its obligations to bondholders. Consequently, we have recommended holding the short-term PDVSA bonds as they mature to par. However, as the capacity to pay becomes more tenuous, this panel discussion looks at the chances for a default over the next 12 to 18 months. Find out more about Venezuela’s energy industry by visiting us on YouTube.