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

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 7 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 11 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 14 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 18 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 20 days ago

    • You need to login to comment.