NEW YORK (Bloomberg) -- The former CEO of Venezuela’s state run-oil company said it will make debt payments this year and next, even as he acknowledged the crude producer is struggling with cash-flow and operational issues.
The company has “all the resources to honor its liabilities,” Rafael Ramirez, who is now Venezuela’s ambassador to the United Nations, said in an interview in New York. “We are not in a position to fail.”
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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