UPDATE 4-Venezuela's PDVSA says in talks with banks over debt refinancing
(Adds economy, oil officials)
By Eyanir Chinea and Deisy Buitrago
CARACAS Feb 23 (Reuters) - Venezuelan state oil company PDVSA is in talks with international banks over refinancing the company's debt, its president said on Tuesday, as the OPEC member country grapples with major bond payments amid an oil price rout.
"If the conditions are favorable, of course we're interested," Eulogio Del Pino said about potential refinancing as he exited the country's National Assembly on Tuesday, adding the company was talking to international banks.
Del Pino had previously said PDVSA was mulling a proposal to extend payment for bonds that mature in 2016 and 2017 until 2018 and 2019, when the company has a lighter load.
Venezuela faces some $10 billion in debt payments this year amid a tumble in oil prices and a brutal recession, leading to speculation of default.
"No, we're not going to do that, we're taking all the measures for this not to happen," Del Pino said of a possible default.
Economy Vice-President Miguel Perez, also at the legislature, told reporters Venezuela was making a "big effort" to pay debt and did not plan a sovereign debt refinancing.
"The state is going to comply with its debt ... to keep a level of solvency in international markets," he said. Continuación...