Petróleos de Venezuela, S.A. ......Payments of Principal Amount................................. Principal payments on the Notes will be payable in three equal installments. The first principal installment will be payable on November 2, 2015, the second will be payable on November 2, 2016 and the third will be payable on the maturity date.....einige der PDVSA-Bonds sind sinking Funds....

THE OFFERING
The following summary is qualified in its entirety by reference to detailed information appearing elsewhere
in these listing particulars.
Issuer........................................................................... Petróleos de Venezuela, S.A. 
Guarantor................................................................... PDVSA Petróleo, S.A.
Notes ........................................................................... U.S. $6,150,000,000 aggregate principal amount of 8.5%
senior notes due 2017.
Closing Date ............................................................... October 29, 2010 and January 18, 2011.
Maturity Date ............................................................ November 2, 2017.
Interest........................................................................ Interest will accrue on the Notes at the rate of 8.5% per
annum. Interest will be payable in arrears on each May 2
and November 2, commencing on May 2, 2011 until the
maturity date. Interest on the Notes will be calculated on
the basis of a 360-day year of twelve 30-day months.
Payments of Principal Amount................................. Principal payments on the Notes will be payable in three 
equal installments. The first principal installment will be 
payable on November 2, 2015, the second will be payable 
on November 2, 2016 and the third will be payable on the 
maturity date. See “Description of the Notes.”
Concurrent Exchange Offer ..................................... Concurrently with this offering, we are conducting an offer
to exchange up to U.S. $3,000 million principal amount of
U.S. dollar denominated Unsecured Notes due 2011 (ISIN:
XS0444611296) validly tendered for up to U.S. $3,375
million principal amount of U.S. dollar denominated 8%
Senior Notes due 2013 unconditionally and irrevocably
guaranteed by the Guarantor. The Senior Notes due 2013
have terms substantially similar to the terms of the Notes,
except for the applicable interest rate and that the entire
principal on the Senior Notes will be payable at maturity of
such notes.
Book Entry; Form and Denomination..................... The Notes will be issued