Press Release

President Maduro highlighted the importance of the extension of the production adjustment agreed by OPEC +

Bnamericas Published: Monday, June 08, 2020
President Maduro highlighted the importance of the extension of the production adjustment agreed by OPEC +

This PDVSA release was published using machine translation.

Caracas, June 7, 2020.-    The President of the Bolivarian Republic of Venezuela, Nicolás Maduro, stressed the importance of the extension of the oil production adjustment agreed by the OPEC + nations, which was ratified this Saturday by the participating countries of the Declaration of Cooperation signed in 2016.

“Yesterday, the OPEC + cut agreement of 9 million 700 thousand barrels per day was ratified, also welcomed by all the G-20 countries. We are going to stability, ”said the Venezuelan president this Sunday, referring to the decision of the OPEC and Non-OPEC countries to prolong the commitment to regulate the supply of hydrocarbons in search of the balance of the energy market on a world scale.

The Head of State stressed the importance of the leading role of the Bolivarian Republic of Venezuela in the construction and realization of this reality that points to the search for fair oil prices. "It is the leadership of the true Venezuela, of the Bolivarian Government loved and respected by the governments of the world, the true leadership to defend the interests of our country."

For his part, the Sector Vice President of the Economic Area and Minister of People's Power for Petroleum, Tareck El Aissami, underscored the relevance of the outstanding decision made by the producing nations in the framework of the Declaration of Cooperation for the Voluntary Adjustment of the Production of Raw.

In this regard, he pointed out that "in the heat of this history that we are writing, the peoples of the world must recognize that it is Venezuela, that you are President Maduro, leader and promoter of this 2016 agreement, which today is being resumed with the necessary force, the necessary union of OPEC and non-OPEC countries, to achieve energy stability and price stability. "

To reinforce the importance of the Declaration of Cooperation, El Aissami emphasized that this initiative “will allow riding and overcoming the crisis caused by the pandemic and the stability of the world economic and financial system. It is a virtuous mechanism. OPEC + has proven to be the economic forum that can guarantee future stability after this situation that humanity has experienced, ”he said.

Finally, President Nicolás Maduro highlighted that “we have received the support of all OPEC + to completely resolve the issue of gasoline. We have offers from all the OPEC countries for the gasoline that Venezuela needs, (..) and the inputs to increase production, to guarantee the production in Venezuela of all gasoline, "concluded the President.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: ICT

Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: ICT

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Ufinet Latam S.L.  (Ufinet)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: Honeywell Perú, S.A.  (Honeywell Perú)
  • Honeywell Perú S.A., a local subsidiary of US-based Honeywell International Inc., started operations in the country in 1998. The firm has an office in Lima which opened in 2008 ...
  • Company: Altán Redes S.A.P.I. de C.V.  (Altán Redes)
  • Altán Redes, whose headquarters are located in the City of Mexico, is an international consortium created in 2016 to design, operate and maintain the Mexican telecommunication p...
  • Company: Alignet S.A.C.  (Alignet)
  • Alignet is a Peruvian specialized company offering technology and security solutions for the payment industry and e-commerce sector. The company developed the EMV 3D Secure prot...
  • Company: Entel PCS Telecomunicaciones S.A.  (Entel PCS)
  • Entel PCS Telecomunicaciones (Entel PCS), a subsidiary of Chilean telco Entel, provides mobile communications service throughout the country. The firm has a 38% mobile subscribe...