Express

Venezuelan President Nicolas Maduro Signs Decree To Sell 4.5 Million Oil Barrels For Petro

Janelle Fox

Summary: Venezuela will shortly begin selling oil from the reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR). Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million out of the 30 million-barrel reserve kept by Petroleum of Venezuela (PDVSA). After the preliminary sale of 4.5 million barrels, ...

Venezuela will shortly begin selling oil from the reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR).

Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million out of the 30 million-barrel reserve kept by Petroleum of Venezuela (PDVSA). After the preliminary sale of 4.5 million barrels, the firm will begin selling 50,000 barrels per day, denominated in Petros, as an “exploration mechanism” for the Petro.

By Janelle Fox

Last Update:

Tags: ,,,
Link: Venezuelan President Nicolas Maduro Signs Decree To Sell 4.5 Million Oil Barrels For Petro   [Copy]
Next:

Related Articles

  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 17 hours ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 2 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 5 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 6 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 8 days ago

    • You need to login to comment.