Venezuela

January 26, 2026

Unlocking Liquidity: Monetizing Your Venezuela and PDVSA Accounts Receivable Claims in 2026

For a decade, Venezuelan energy contractors have faced a "legal limbo"—holding valid, certified invoices that were, in practice, impossible to collect. However, the landscape of 2026 has shifted dramatically. With specialized hedge funds and distressed debt investors now actively sifting through the "debt black box" of PDVSA, your unpaid claims may finally have real-world market value.

The 2026 Market Shift

As of early 2026, the global perception of Venezuelan debt is evolving. Following significant geopolitical shifts, including the U.S. capture of former President Nicolás Maduro in early January, specialist funds are aggressively seeking rarely traded instruments tied to PDVSA.

While traditional bonds remain distressed, investors are increasingly targeting promissory notes, receivables, and trade claims. Estimates suggest that roughly $30 billion in such non-financial liabilities exist, ranging from withheld dividends to accounts payable for equipment and services.

Why Sell Your Claim Now?

Waiting for a full sovereign restructuring can take years, and the final "haircuts" on payments remain uncertain. By partnering with a distressed debt investor, your firm can:

  • Access Immediate Capital: Convert aging paper into cash to reinvest in your current operations.
  • Eliminate Recovery Risk: Offload the legal and political uncertainty of a complex restructuring process to specialists equipped to handle it.
  • Strengthen Your Balance Sheet: Remove "bad debt" and improve your financial standing with lenders and partners.

Do You Hold an Eligible Claim?

We are currently sourcing claims from contractors who provided critical industrial services and equipment. Key factors that determine a claim's marketability in the current environment include:

  1. Direct Certification: Official "Certificaciones de Deuda" (Debt Certifications) or signed "Estados de Cuenta" (Account Statements) from PDVSA Finance Management.
  2. SAP Record Validation: Invoices that are clearly reflected as "open items" within PDVSA’s internal SAP system.
  3. Domestic Compliance: Companies that are currently "Habilitada" (Enabled) in the National Registry of Contractors (RNC) often hold higher-value claims due to their continued legal standing in Venezuela.

Our Investment Approach

We specialize in extracting value from the legal and structural complexity of the Venezuelan energy sector. We focus on claims related to:

  • Heavy Industrial Maintenance: Repairs on FCC reactors, turbogenerators, and specialized turbine systems.
  • Infrastructure Supply: Unpaid invoices for vibrating screens, industrial pumps, and storage tanks.
  • Professional Services: Technical consulting and specialized engineering projects.

Contact Us for a Confidential Valuation

Don't let your certified claims sit as worthless entries on your ledger. Our team provides professional, confidential valuations based on the latest 2026 market data and OFAC regulatory frameworks.