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 DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 1 days ago
  • Is the Crypto Bull Market Over? 2 days ago
  • EIGEN Airdrop: The Evolution of Ethereum 3 days ago
  • The Endgame of Layer 2s, Explained 6 days ago
  • The Bitcoin Halving is Complete! What’s Next? 13 days ago

    • You need to login to comment.