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Venezuela is not willing to halt productive operations during contract audits that have led to the arrest of businessmen and officials, and to disputes with customers and partners of state company PDVSA, the country's oil minister said on Friday. In June, a contract between PDVSA and Maroil Trading, a Geneva-based company owned by Venezuelan tycoon Wilmer Ruperti, became entangled in a dispute over payments, triggering the suspension of most exports of petroleum coke from the South American country. Earlier this year, contracts with some crude oil buyers were also temporarily suspended while PDVSA reviewed billions of dollars of late payments and pending invoices.

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