Caracas.- Petróleos de Venezuela, S.A. (PDVSA) announces the publication of the Consolidated Financial Debt Balance as of December 31, 2016, pursuant to the laws of the Bolivarian Republic of Venezuela and consistent with the
International Financial Reporting Standards (IFRS).

An important achievement for PDVSA was the reduction of its Total Financial Debt by 2,689 million US dollars. Petróleos de Venezuela, S.A. continuously analyzes and monitors its financial debt in order to develop strategies in the short, medium and long term and continue to bring the maximum benefit to the Venezuelan people.
This debt reduction demonstrates the financial strength of the Bolivarian Republic of Venezuela and PDVSA, which have honored all their commitments despite the long cycle of low oil prices.

PDVSA - Petróleos de Venezuela SA published this content on 19 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 14:29:05 UTC.

Original documenthttp://www.pdv.com/index.php?tpl=interface.en/design/salaprensa/readnew.tpl.html&newsid_obj_id=14479&newsid_temas=1

Public permalinkhttp://www.publicnow.com/view/0E3B3BFE12176268406255804F9F5A5E012B2146