PDVSA is coordinating the issue with the central bank and the finance ministry.
"We are not sure whether we will issue the debt this year, but our goal is to finance large oil projects in the domestic market," Ramirez said.
The paper quoted unnamed financial sources as saying PDVSA could issue dollar-denominated bonds that would be paid for in bolivares by small-scale investors and companies.
This would reduce PDVSA interest rates and help the central bank absorb excess liquidity and reduce inflationary pressures, the paper said.
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