Venezuela's state oil companyPDVSA said on Wednesday its consolidated financial debt rose 8.4 percent at the end of 2013 versus the year before to $43.4 billion, not including its debt to service providers or financing for joint ventures. Petroleum Minister Rafael Ramirez had said in November the company's consolidated debt fell to $39.2 billion during the first half oflast year, compared with $40.0 billion at the end of 2012. PDVSA, the financial engine of Venezuela's socialist government,accelerated its borrowing sharply during 2013. More...
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