Venezuela will coordinate with OPEC the operation of Petro

The President of the Bolivarian Republic of Venezuela, Nicolás Maduro, informed that he will propose to all the affiliated and unaffiliated countries of OPEC to adopt a joint mechanism that allows to support the cryptocurrency with oil.

“I am going to officially propose to all OPEC and non-OPEC producing countries that we adopt a joint cryptocurrency mechanism backed by oil, so that we have that issue on the agenda”.

The Head of State said he will propose to the monitoring committee of the organization to remain for at least 5 more years to deepen the achievements in oil in the world market.

“I believe that the joint monitoring committee of OPEC countries where Venezuela is located should be maintained for at least 5 more years (…) there are many that should be stabilized in future investments, in transportation systems, in the market and its operation. of contract, in the currencies in which the oil is sold and charged and I propose that we do it in a unitary manner”, he said.