PdVSA Set To Guarantee Refinery Loan, But Participation Still In Doubt

Venezuelan national oil company (NOC) Petróleos de Venezuela (PdVSA) has agreed to guarantee a BRL3.6bn (US$2.2bn) loan to finance its portion of the construction costs for the Abreu e Lima refinery in Brazil, according to Brazilian government adviser Marco Aurelio Garcia speaking to Reuters on June 6.

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