UPDATE 2-Venezuela's PDVSA still mulls debt refinance proposal

martes 12 de enero de 2016 17:12 GYT

* PDVSA faces hefty debt payments amid oil slump

* Venezuela pushes OPEC action, hopes for meeting (Adds details on China loan, context)

By Alexandra Ulmer

CARACAS, Jan 12 (Reuters) - Venezuela's PDVSA is still mulling a potential bond refinancing, its president said on Tuesday, referring to a proposal floated by the state oil company to seek an extension on payments for bonds maturing this year and next.

"We're evaluating it," PDVSA president and Oil Minister Eulogio del Pino told Reuters as he and other executives carried a huge Venezuelan flag during an oil workers march in downtown Caracas.

"We're evaluating a whole series of economic measures that the president will announce soon," he added, without giving details.

Del Pino told local media in November that PDVSA was mulling a proposal to extend the payment for bonds that mature in 2016 and 2017 to 2018 and 2019, when the company has a lighter payment load. He said this would give better value for investors too because it would help PDVSA's growth and performance.

PDVSA faces around $5.2 billion in debt payments this year as the country, a member of the Organization of the Petroleum Exporting Countries OPEC), is buffeted by low oil prices and a severe recession.

Silence about basic economic indicators, which the central bank has not released in a year, is a major concern for investors scrutinizing Venezuela's ability to pay debt.   Continuación...