What does the sale of Venezuelan crude in currencies other than the dollar?
In recent years we have witnessed a brutal onslaught on Petroleos de Venezuela SA (PDVSA), the state company that "earned an integral gain of 1 billion 592 million dollars into the financial and operational end of the year 2016".
Falling oil prices produced that Venezuelan crude was located "at $ 35.15 per barrel, or $ 9.5 below the average of 2015, when it closed at 44.65 per barrel, representing a fall of 21% of "information outlined in the press release of the national oil company.
The start of 2017 brought a series of legal battles at international level of transnational corporations against Pdvsa, including litigation filed by Crystallex before the Federal Court of the State of Delaware, Helmerich & Payne before the Supreme Court of the United States and ExxonMobil before the International Center for Settlement of Investment Disputes (ICSID), all favorable to the Venezuelan state oil results.
Third party interests in the oil still lies in Venezuelan subsoil are remarkable if we consider that the proven reserves of so - called black gold are the most voluminous of the planet in this corner of Latin American Caribbean (316 billion barrels counted so far) .
Pdvsa means for the corporate world a sign of sovereignty and solvency plays against those same private interests seeking the breakdown of the Venezuelan company, and consequently the nation-state, in order to directly control the natural resources of the territory without any mediation.
The siege of Pdvsa , the main financial and economic engine of Venezuela , has been in the hands of rating agencies (governed by Wall Street, the City of London, the International Monetary Fund and the World Bank ), the manipulation of information on the debt of the company and the attempted sabotage of the national Assembly constitutional contempt (which bet on the collapse of the country as a political strategy) to sovereign decisions regarding the bond exchange, international investment and formations of joint ventures to develop the domestic oil industry .
Markets and resources of the globe are in dispute between various players: US, EU, Russia or China.
In this context, Pdvsa creates new agreements and shields relevant partnerships in favor of the Venezuelan oil industry.
Consider some cases, the most representative in recent months, ending in decisive actions to the interests of the company and accordingly to the financial and economic coffers of Venezuela.
An unprecedented year for Pdvsa in terms of strategic partnerships with the emerging bloc, which underpins within a geoeconomic architecture on a global scale (led by Russia and China) as a form of response to US sanctions aimed at blocking its external financing as the Ejectuva Order signed by Donald Trump on 25 August.
No hay comentarios:
Publicar un comentario
No se admiten comentarios con datos personales como teléfonos, direcciones o publicidad encubierta