Rafael Ramirez
Rafael Ramirez
contract contracts supply
Any contract (of sale) will have long-term supply contracts for Venezuelan oil.
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,
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,
relations strategic
bastion for forging relations with new strategic partners.
continues pressure price
If the pressure continues on Iran, the price will be higher.
barrels building million
Everyone is building inventories, Japan, the U.S., and that is very dangerous. There is an oversupply of one million barrels a day.
barrels cut market means
The market is overstressed ... this means we have to cut around 500 000 barrels a day.
adjusting allow companies country itself resist
This country does not allow itself to be blackmailed. These two multinational companies resist adjusting to our law. Our sovereignty isn't under negotiation.
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.
biggest country exploiting framework legal petroleum reserves respect understand
understand that there is a legal framework that has to be respected, and that if they want to be exploiting petroleum in a country with one of the biggest reserves on the planet, they have to respect our laws.
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,