President Maduro ratifies goal of selling crude oil production in Petro

Upon completion of the sale of 4.5 million barrels of oil in Petro, the regular offer in the cryptocurrency of 50,000 barrels per day should be initiated as an exploration mechanism.

This mechanism will be implemented until it reaches the goal of selling all crude oil production in Petro, as ratified on Tuesday the president of the Bolivarian Republic of Venezuela, Nicolás Maduro, through a message on the Twitter social network.

The amount to be offered in the aforementioned cryptocurrency will come from a certified reserve of 30 million barrels maintained by Petroleos de Venezuela (PDVSA).

Nicolás Maduro
@NicolasMaduro
“We are building the ecosystem of our cryptocurrency, placing 4.5 million barrels of oil for sale in Petro. Then we will start the regular offer of 50,000 barrels / day as an exploration mechanism, until we reach the goal of selling all the production in Petro.”