bastion for forging relations with new strategic partners.
Our position is that we must evaluate a cut of between 500,000 and one million barrels per day (bpd).
OPEC should be ready to cut at this meeting.
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,
We're working to put those barrels in place in the shortest time possible
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.
We need growth and money, not revolutionary ideology. Calderon is very Harvard and that's good. We want a Mexico of the 21st century.
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.
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,
We will evaluate if it's a good opportunity.
We have said that this is a structural issue, not a short-term factor, and the price is going to stay the same,
We are prepared to do that, and we stand ready to defend our rights,
Of the 32 (companies), we have agreed with 30. We believe this was a mistake on the part of Total and Eni.
This country does not allow itself to be blackmailed. These two multinational companies resist adjusting to our law. Our sovereignty isn't under negotiation.
If the pressure continues on Iran, the price will be higher.
The ceiling will be maintained the same and we will offer the market what Opec can produce,
In this largest energy reservoir of the world, great interests placed their sights here
Any contract (of sale) will have long-term supply contracts for Venezuelan oil.
Everyone is building inventories, Japan, the U.S., and that is very dangerous. There is an oversupply of one million barrels a day.
The market is overstressed ... this means we have to cut around 500 000 barrels a day.
The market looks well supplied, in fact oversupplied, by 2 million barrels a day. We believe OPEC has to be ready to cut, maybe now in this meeting, maybe at the next meeting.
