Venezuela says PDVSA revenue down 27 pct in 2015

CARACAS, March 2 (Reuters) - Venezuelan state oil company PDVSA’S total revenues fell 27 percent to $88.5 billion in 2015, while its total financial debt dropped 4 percent to $43.9 billion, according to government documents published this week by congress.

The Oil Ministry’s annual report also said the OPEC nation’s export revenue fell 40 percent, or $38.5 billion, last year due to the plunge in global oil prices.

The full report was published on the opposition-controlled National Assembly's website after its presentation by Eulogio Del Pino, the oil minister and PDVSA head (

PDVSA’s profit in 2015 was $8.5 billion, down from $11.1 billion the previous year, according to the report, whose figures were unaudited. Debt to providers fell 3 percent to $20 billion. (Reporting by Andrew Cawthorne and Eyanir Chinea; Editing by Leslie Adler)