PDVSA's debt burden is now comparable to the financial situation of Greece regarding its defaulted bonds.

The entities involved

• Greece →

  country in Southeast Europe

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.Mon 17:18
• PDVSA →

  Venezuelan government-owned oil company

  • PDVSA, Venezuela's state oil company, signed a crude and gas agreement with Repsol to regain operational control of assets in Lake Maracaibo.Mon 04:49
  • The United States claims a 20 percent stake in Venezuelan oil reserves, which are managed by PDVSA.Sun 00:37

Related events

• Venezuela carries the burden of PDVSA's sovereign debt default, with its risk benchmarked against U.S. Treasury bonds and compared to Argentina's debt market.Aug 19
• High debt ratios are shared by major economies.Aug 29
• Moody's upgraded outlook on credit profiles for Greece, while discussions continue regarding corporate financing outlook.Thu 06:03
• Bond yield comparison between Greece and Romania, noting that one country's yield is higher than the other's.Aug 26
• Spain and Greece are among the least affected by bond yield pressures, according to an agency assessment.Sep 5