The Bolivarian Government will deliver to the Central Bank of Venezuela (BCV) the Ayacucho-2 Block of the Orinoco Oil Strip, located in Bolívar state, with a total of 29,298 million barrels of certified oil that will be administered by the main financial institution of the country, as informed the President of the Bolivarian Republic of Venezuela, Nicolás Maduro.
“I want to announce that I am approving the proposal of the Central Bank of Venezuela to deliver through PDVSA a complete block of certified oil reserves, it is the Ayacucho-2 block of the Orinoco Oil Strip, consisting of 29,298 million barrels of certified oil in order to deliver it with part of the backing of the issuance of financial assets and as part of the financial reserves of the BCV, for the fiscal year of the main banking institution in the country”, he reported.
In the framework of a meeting with the Economic Team from the Sol del Perú Hall of Miraflores Palace, Maduro said that this measure will make progress in the protection of the country’s international reserves, part of the economic recovery program:
“We have to move towards strengthening international reserves. The BCV has made a set of proposals to dynamically strengthen the country’s international reserves and strengthen the disposition of freely convertible currency, Petro, Dollars, Euros, Yuan, to strengthen the country’s ability to meet its needs in the market of convertible currencies”, he said.
