Rafael Ramirez
Rafael Ramirez
cut discuss entered gulf impact market volume
I think it has to be evaluated. There is an important volume from the Gulf that has still not entered the market and that could impact the market and probably OPEC will have to discuss a cut in production,
barrels cut evaluate million per position
Our position is that we must evaluate a cut of between 500,000 and one million barrels per day (bpd).
ceiling maintained market offer
The ceiling will be maintained the same and we will offer the market what Opec can produce,
barrels possible shortest time
We're working to put those barrels in place in the shortest time possible
cash class handing majority power shares
We are not handing out cash in any of these deals. The state's shares are class A, the majority and with a different power of decision-making.
defend prepared ready stand
We are prepared to do that, and we stand ready to defend our rights,
barrels clear market million possible step
We are removing two million barrels a day from the market and we will make it clear that this is the first step to another possible reduction,
price stay structural
We have said that this is a structural issue, not a short-term factor, and the price is going to stay the same,