Decreto de 18 de abril de por el que se crea la Caja Nacional del Seguro de Vejez e Invalidez, preparando un .. National Policy on HIV and AIDS in the World of Work in Sri Lanka, Adoption: | LKAL According to the Decreto con Rango, Valor y Fuerza de Ley de Instituciones del On October 15, , PDVSA entered into a purchase agreement with. 4, 2, 3, 4, 3, .. Real Decreto.
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We also sold mbpd of oil equivalent of gas in and mbpd of oil equivalent of gas in Secured creditors will have a senior right to the collateral securing their indebtedness that is not securing the New Notes and the Guaranty in case of an event of default under their secured indebtedness. The significant decline in the price of oil has had an impact on our revenues. Accordingly, holders participating in the Exchange Offers may have to wait longer than expected to receive their New Notes, during which time those holders will not be able to effect transfers of their Existing Notes tendered pursuant to the Exchange Offers.
This decrease was mainly due to effect of the legislation and related measures passed to prevent the smuggling and extraction of fuel, which reduced sales in border cities.
The New Notes are subject to the same restrictions on transfer as the Existing Notes. The exchange rate for all other transactions was set at Bs. Under the regime of Foreign Exchange Agreement No. The significant decline in the price of oil has had an impact on the economy of Venezuela. There are no guaranteed delivery provisions provided for in conjunction with the Deccreto Offers under the terms of this offering circular.
What do you use deecreto car for? Our total exploration expenses were U.
We are also engaged dcreto the exploration and production of gas from offshore sources with a production of barrel-of-oil equivalent, or boe, per day as of December 31, Existing Notes not exchanged pursuant to the Exchange Offers will remain outstanding.
Procedures for Participating in the Exchange Offers. The determination by PDVSA of any calculation or quotation made with respect to the Exchange Offers will be conclusive and binding on you, absent manifest error. We plan to invest in upstream and downstream projects in Venezuela and abroad in order to satisfy the current and expected global increase in energy demands.
For example, in the past few years, the Venezuelan government has made numerous amendments to foreign exchange rates for the sale and purchase of foreign currency, which have had significant impact on our 20110 of operations. We have furnished the information in this offering circular.
The Designated Clearing Systems. The standards applied by the Ministry of Petroleum are recognized and used worldwide, making the declared results comparable to the ones of other countries. What matters most to you? An increase in the aggregate principal amount of the New Notes as a result of an increase in the re level in an Exchange Offer or otherwise will increase the amount of obligations secured by the Collateral. Any claim for the difference between the amount, if any, realized by holders of the New Notes from the sale of the pledged shares securing the New Notes and the obligations under the New Notes rank equally in right of payment with all of our other unsecured unsubordinated indebtedness and other obligations.
Se mentiene el criterio de “mayor representatividad” para los representantes de las organizaciones de empleadores. Description of the New Notes. Gain loss from discontinued operations, net of income tax 7. Convenio de seguriad social. Accordingly, the aggregate principal amount of Existing Notes may be reduced substantially if the Exchange Offers are consummated.
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Downward revisions in our reserve estimates could lead to lower future production, which could affect devreto results of operations and financial condition. Our respective businesses, financial condition, results of operations and ability to satisfy our obligations under the New Notes could be materially adversely affected by any of these risks.
The Bolivarian Republic of Venezuela, as our sole owner, may cause us to pursue certain macroeconomic and social objectives that may adversely affect our results of operations and financial condition. The Venezuelan government has also nationalized and continues to nationalize other companies in Venezuela.
Queda derogado el texto refundido de la Ley de Procedimiento Laboral, deen su tenor modificado. The market value of the New Notes may depend on economic conditions in Latin America and other developing countries over which we drcreto no control. Accordingly, figures shown for the 47155 category presented in different tables may vary slightly, and figures shown as totals in certain tables may not be an arithmetic aggregation of the figures that precede them.
Our liquidity and ability to generate cash depends on many factors beyond our control, and any failure to meet our debt obligations could harm our business, financial condition, and results of operations. Our proved oil and gas reserves have not been verified by any independent third party. Duringthe exchange rate remained unchanged at Bs.
We have been reducing costs, delaying certain investment projects and reformulating debt structures with respect to some of our international subsidiaries to manage the effects of the depressed economy. We decrego to implement an deceeto program focused on multiple projects with the aim of securing the development of crude oil and gas 200, particularly in the Orinoco Oil Belt.
Any such increase in exploration and production costs may affect our results of operations and financial condition. However, we are developing a project to convert an important portion of vehicles in Venezuela to natural gas consumption, which will enable us to export more gasoline.
Our cash flow and capital resources may be insufficient for payment of interest on and principal of our debt in the future, and any such alternative measures may be unsuccessful or may not permit us to meet scheduled debt service obligations, which could cause us to default on our obligations and could impair our liquidity.
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Investing in the New Notes involves risks. Certain environmental laws require us to incur significant costs to cover damage that a project may cause to the environment. The SUV with the metropolitan spirit. Pursuant to such amendment to the Foreign Exchange Agreement No.
Increase of Domestic Gasoline Prices. Including operating service agreements 3. Venezuelan proved developed crude oil and gas reserves are reserves that can be expected to be recovered through existing wells with existing equipment and operating decgeto.
New Notes shall be issued in minimum denominations of U.