CUMANA, Venezuela May 2 Venezuelan state oil
company PDVSA has no immediate plans to issue bonds, the
company's finance director said on Thursday.
"Right now there are no instructions (to issue) and we are
not working on any bond issues," Victor Aular told reporters on
the sidelines of a PDVSA event in the eastern city of Cumana.
Borrowing by PDVSA has been a key source of financing for
Venezuela's government in recent years. The firm issued $3
billion last year and more than $10 billion in 2011.
The OPEC nation has used bond issues to improve the flow of
dollars through its currency control system.
Separately, a PDVSA refining official said the 645,000
barrel per day (bpd) Amuay refinery was running at 490,000 bpd
nine months after a blast that killed more than forty people and
caused extensive damage.
The 955,000 bpd Paraguana Refining Complex, which includes
Amuay and the neighboring Cardon refinery, was operating at
728,000 bpd, the complex's manager Jesus Luongo told reporters.