Panama may accept oil or gas from Venezuela to resolve dollar debt
Panama may accept oil or gas from Venezuela to resolve dollar debt
Published July 03, 2015/
EFE
Panama could accept oil or natural gas from Venezuela as payment for the more than $1 billion in dollar debt owed to Panamanian companies, Vice President and Foreign Minister Isabel De Saint Malo de Alvarado said Friday.
In a meeting with members of the Association of Foreign Press Correspondents in Panama, De Saint Malo said that what Venezuela owes should not even be termed "debt, but rather a lack of availability of foreign exchange" to honor its commitments to Panamanian companies for more than two years.
"All options are on the table," the vice president said, adding that Venezuela has repeatedly showed "signs of a firm commitment to resolving the situation."
De Saint Malo did not indicate the amount owed by Venezuelan importers and said the business leaders of the Colon Free Trade Zone and Venezuelan officials "are weeding through the information that's available to establish the amounts and the companies."
More:
http://latino.foxnews.com/latino/politics/2015/07/03/panama-may-accept-oil-or-gas-from-venezuela-to-resolve-dollar-debt/
(Fox "News" took this story from Spain's right-wing EFE.)
