The Company has extended each of the Early Tender Deadline and the Expiration Date to 5:00 P.M. New York City time on October 21, 2016, unless further extended by PDVSA in its sole and absolute discretion. The Early Tender Deadline was previously scheduled to expire at 5:00 P.M. New York City time on October 17, 2016, and the Expiration Date was previously scheduled to expire at 5:00 P.M. New York City time on October 17, 2016. All other terms and conditions to the Exchange Offers remain the same. // das entwickelt sich zu einer wahrhaft endlosen Geschichte....

Petróleos de Venezuela, S.A. (“PDVSA” or the “Company”) today announced the extension of the Early Tender Deadline and the Expiration Date of the offers to exchange (the “Exchange Offers”) of up to U.S.$5,325 million aggregate principal amount of PDVSA’s outstanding 5.250% Senior Notes due 2017 (the “April 2017 Notes”) and 8.50% Senior Notes due 2017 (the “November 2017 Notes,” and together with the April 2017 Notes, the “Existing Notes”) for new 8.50% Senior Secured Notes due 2020 (the “New Notes”).

The Company has extended each of the Early Tender Deadline and the Expiration Date to 5:00 P.M. New York City time on October 21, 2016, unless further extended by PDVSA in its sole and absolute discretion. The Early Tender Deadline was previously scheduled to expire at 5:00 P.M. New York City time on October 17, 2016, and the Expiration Date was previously scheduled to expire at 5:00 P.M. New York City time on October 17, 2016. All other terms and conditions to the Exchange Offers remain the same.

              

The consummation of the Exchange Offers is conditioned upon, among other things, the valid tender of at least 50% of the aggregate principal amount of the Existing Notes. As of the prior Early Tender Deadline, substantially less than 50% of the aggregate principal amount of the Existing Notes have been tendered.