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The Ministry of Petroleum and Mining informed
Venezuelan oil basket ends at USD 103.46 in 2012
Domestic oil basket climbed USD 1.23 and finished at USD 99.25 this week
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The Venezuelan oil basket was estimated at USD 50 in the budget for fiscal year 2012 (File photo)
EL UNIVERSAL
Friday December 28, 2012 11:53 AM
The Venezuelan oil basket rebounded USD 1.23 and finished at USD 99.25 this week, according to information disclosed by the Ministry of Petroleum and Mining.
"Oil prices ended upwards the last week of 2012. The release of positive results in relation with the US economy, despite uncertainty over US budgetary issues, contributed to such performance."
Upon the results, the Venezuelan oil basket's averages USD 103.46 per barrel this year, a USD 53.46 surplus in view of the benchmark (USD 50) budgeted for fiscal year 2012.
"Oil prices ended upwards the last week of 2012. The release of positive results in relation with the US economy, despite uncertainty over US budgetary issues, contributed to such performance."
Upon the results, the Venezuelan oil basket's averages USD 103.46 per barrel this year, a USD 53.46 surplus in view of the benchmark (USD 50) budgeted for fiscal year 2012.
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José Vicente Rangel clearly said: "We are not conducting negotiations threatened with a gun in the head." He warned behind closed doors in the midst of the social upheaval occurred during the oil strike in 2002 and 2003. Dissenting Timoteo Zambrano answered back that no other option was available: "The thing is that otherwise, you do not negotiate."
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