PDVSA Commercial Creditors Committee Launches "National Capital" Initiative to Restructure Commercial Claims and Support Venezuela's Energy Sector

NEW YORK, Nov. 3, 2026 /PRNewswire/ -- The PDVSA Commercial Creditors Committee will announce on November 17, 2026, the launch of National Capital, an initiative designed to address outstanding commercial claims and other trade obligations of Petróleos de Venezuela, S.A. (PDVSA) and its subsidiaries.

At the conference "A voice to move forward: Private Capital in the development of the petroleum industry," National Capital will present a debt sustainability analysis for Venezuela—prepared by Summa Consulting & Strategy—as well as the results of a national public opinion survey on the debt restructuring process and the private local oil contractors, conducted by Datanalisis.

Addressing Commercial and Trade Claims

Commercial creditors—including oilfield service providers, engineering contractors, suppliers, and construction companies—represent a critical pillar of Venezuela's petroleum sector and the country's development.

"Local oil field services, supply and procurement, and construction and engineering companies are essential to supporting Venezuela's energy sector's growth," said Alejandro Dopazo, executive director of oil field services company Grupo Petroamerica C.A. and National Capital's coordinator. "Through the National Capital initiative, we are moving beyond legacy disputes to propose solutions that balance fair recovery for commercial creditors and financing for the operational and capital requirements of national oil contractors."

Key Pillars of the National Capital Initiative:

• Claims Reconciliation & Registry: Establish an independent, reliable procedure for commercial claims and a trade-receivables reconciliation process.
• Value-Recovery & Capital Instruments: Structuring recovery mechanisms—such as production-linked instruments or asset-backed structures—to align creditor recovery with production upside.
• International financing: Propose and structure international financing to expand oilfield services, upgrade technology, and develop the supply chain.
• Governance & Regulatory Alignment: Operating under strict adherence to international legal standards, sanctions frameworks (including U.S. OFAC licensing frameworks), and full transparency.

Strategic Path Forward

The Committee invites eligible commercial creditors, trade suppliers, and claimholders to participate in the National Capital initiative. The Committee is actively engaging financial advisors, legal counsel, and other creditors to ensure the initiative aligns with broader sovereign restructuring efforts.

About the PDVSA Commercial Creditors Committee

The PDVSA Commercial Creditors Committee is an organized forum representing local oil field services, trade suppliers, and engineering and construction contractors with commercial claims against PDVSA and its subsidiaries. The Committee is dedicated to achieving transparent, fair, and sustainable resolutions that support Venezuela's energy sector and the country's development.

For creditor participation inquiries or further details regarding the National Capital initiative, visit www.venpdvcc.org. 

Instagram: @capital.nacional

SOURCE Capital Nacional