October
14, 2003
PDVSA
in talks to fund development of Mariscal Sucre
(Upstream, Reuters) - Venezuelan state
oil company PDVSA is in talks with Japan Bank
for a $2 billion credit line to fund the development
of Mariscal Sucre PDVSA Finance Director José
Gregorio Morales told to state news agency Venpres.
A preliminary agreement for the Mariscal Sucre
offshore project has already been reached between
PDVSA, Shell and Mitsubishi. He said the company
was also in talks with Citigroup, Citibank, JP
Morgan and Morgan Stanley for up to $2 billion
in financing for its Anaco gas project.
