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IPFS News Link • Venezuela

Venezuela Pitches Petro To OPEC As Unit Of Account For Oil

• https://www.zerohedge.com, by Ana Berman

The PDVSA has cited its president Manuel Quevedo, who also holds the position of Venezuela's Minister of Oil and Mining, speaking about the future presentation:

"We will be presenting Petro to OPEC in 2019 as the main digital currency backed by oil."

According to the PDVSA, Quevedo also added that Petro will be offered as a unit of account for global crude oil trading, noting that all Venezuelan oil will be traded for Petro.


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