Carlsbad + 19 CB April 16, 2018 Maduro has reportedly given his oil minister, Manuel Quevedo, 'extra powers' to deal with the steep oil production decline. Keeping in mind that the oil head is a major general, he now has power to "create, annul or modify' all deals between state-run PDVSA and other players. Not sure what that means in reality ... Quote Share this post Link to post Share on other sites
TraderTate + 186 TS April 16, 2018 so sort of like declaring a state of emergency, for oil. I see the oil czar already met with foreign partners, including Rosneft, China's CNPC, Total, Statoil and Chevron on Friday. So deals are about to be changed, and the new power lasts until the end of the year. 1 Quote Share this post Link to post Share on other sites
Kate Turlington + 44 KT April 16, 2018 not sure it's not too late for that. Inflation is set to hit 13,000% this year, and had already hit 454% in the first quarter... 1 Quote Share this post Link to post Share on other sites
TraderTate + 186 TS April 16, 2018 any Venezuela experts have any idea what form these contract reviews will take? Quote Share this post Link to post Share on other sites
Rodent + 1,424 April 16, 2018 any oil majors stepping a precarious foot in Venezuela to make deals with maduro's regime will get what they deserve. 1 Quote Share this post Link to post Share on other sites
valarie + 8 VR April 17, 2018 Hello Oil People. Glad to meet all of you.  2 Quote Share this post Link to post Share on other sites
TraderTate + 186 TS April 17, 2018 what's the alternative? the deals were all corrupt anyway and they should have been revisited long ago but officials were getting their pockets lined too nicely. They have to get production up and this was a long time in the making. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS April 17, 2018 3 hours ago, valarie said: Hello Oil People. Glad to meet all of you.  Welcome! Quote Share this post Link to post Share on other sites
Rodent + 1,424 April 17, 2018 4 hours ago, valarie said: Hello Oil People. Glad to meet all of you.  Welcome, Valarie! Quote Share this post Link to post Share on other sites
valarie + 8 VR April 18, 2018 Thanks guys! What I call this kind of money. (or oil)..is fast money Oil). people worried about filling their pockets fastly even illegally usually waste it just as fast... Quote Share this post Link to post Share on other sites
Andrew + 1 AB April 18, 2018 Well said Valerie. 1 Quote Share this post Link to post Share on other sites
CMOP + 227 April 20, 2018 On 4/17/2018 at 3:56 AM, valarie said: Hello Oil People. Glad to meet all of you.  Hey @valarie! Welcome to the Community! Quote Share this post Link to post Share on other sites
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