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CARACAS, Venezuela (AP) - Venezuela's state oil company will buy back $83 million in debt registered with the U.S. Securities and Exchange Commission, allowing it to stop filing public financial reports with the agency.
Petroleos de Venezuela SA will said Wednesday it will submit its final report — its 2004 financial results — to the SEC in the last week of March, PDVSA's finance director, Eudomario Carruyo, said in a statement.
"We have no reason to be registered with the SEC if we're not going to have debts" registered with the agency, Carruyo said.
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