The National Assembly approved an agreement which orders the Permanent Commission on Energy and Petroleum of the National Assembly, together with the Ad Hoc Boards of Directors of PDVSA and Corporación Venezolana de Petróleo S.A., to investigate the alleged transfer of the shares held by ROSNEFT in the Venezuelan mixed companies Petrovictoria, Petromiranda, Petromonagas, Petroperijá and Boquerón, to a company owned by the Russian government.
The agreement approved in the ordinary session of this Tuesday, April 7th, warns that if this operation has been carried out, the legal procedures will be applied, for breach of the constitutional, legal and contractual provisions that regulate such operation that would cause damage to the patrimony of the Republic.
It is also established to request information from the company ROSNEFT, as well as from the Government of the Russian Federation, through its Embassy in Venezuela, on the veracity of the news published in the international press last Saturday, March 28th, 2020, which announces the alleged sale by ROSNEFT, of all its assets and 100% of its interest in the Venezuelan Mixed Companies Petrovictoria, Petromiranda, Petromonagas, Petroperijá and Boquerón, to a company owned by the Russian Federation, in a transaction suggesting a sale in exchange for 9.6% of shares in ROSNEFT itself, securities that would become part of ROSNEFT’s treasury.
It was also agreed to invite ROSNEFT and the Government of the Russian Federation, as well as all the companies participating as partners in the Joint Venture, to review and respect the legal framework for Venezuelan hydrocarbons law, since the failure to comply with the legal provisions may lead to severe damages that would impact on contractual relations.
The document indicates that the National Assembly reserves the right to exercise constitutional and legal actions against those persons who illegally hold public office under the usurper and illegal regime of Nicolás Maduro, who are responsible for non-compliance with the provisions established in the Constitution of the Republic, the Organic Law on Hydrocarbons and other legislation and contracts that regulate business relations in this area.
The agreement unanimously approved was presented by the president of the Energy and Petroleum Commission of the NA, the deputy for the state of Zulia, Elías Matta, who explained during his intervention via digital media that the company ROSNEFT has 5 contracts with PDVSA, which are illegal, among them with the companies Mixta Petrovictoria, Petromiranda, Petroperija, and Boqueron, where it holds 40 percent of the shares in each of them.
The Zulia congressman recalled that ROSNEFT held 17 percent of the shares in Petromonagas, but in 2016, Maduro’s regime, in violation of the Constitution, sold it 23% of the shares, so that it could increase its ownership in Petromonagas to 40%.
“This National Assembly responsibly warned ROSNEFT that this transaction had to be approved by the Venezuelan parliament, because that is what article 150 of the Constitution states, so this transaction and the previous ones are illegal”.
He said that now ROSNEFT intends to sell those shares of the Venezuelan companies, which it acquired illegally, to a Russian private company, even though it was already warned that those negotiations were violating the Constitution and Venezuelan laws, which refer to contracts of national public interest, which have to be approved by the NA.
“They are violating Articles 12, 150 and 187d e of the National Constitution, which obliges the parliament to have the responsibility of approving these contracts, and they are also violating Article 33 of the Organic Law of Hydrocarbons, which establishes that any modification of the terms and conditions of the contracts of the mixed companies must pass through the National Assembly”.
In view of this situation, Congressman Matta, on behalf of the Energy and Petroleum Commission, together with the Ad Hoc Administrative Boards of PDVSA and CVP, requested the plenary of the National Assembly to order this three bodies to follow up to verify whether this negotiation is true and if it is true, the Presidency (e) of the Bolivarian Republic of Venezuela and the NA will have to take action to enforce the Constitution and laws of the republic.
For his part, the congressman for the Capital District, Jorge Millán, said that these illegal operations by the ROSNEFT company are part of a systematic process of destruction of the Venezuelan oil industry by the regime, which has long been denounced through the Energy and Petroleum Commission of the National Assembly.
“We call on the company ROSNEFT and the Russian government to comply with and respect the laws of the Republic of Venezuela. They know well that these negotiations, from the beginning, were not authorized by the National Assembly as the law requires”.
Likewise, Falcón State Representative Luis Stefanelli, in his speech, indicated that any contract or act emanating from Maduro’s usurper government is illegal, and that it is the duty of this National Assembly to protect the interests of Venezuelans through this agreement.
“It violates the Venezuelan Constitution in its articles 302 that reserves oil activity to the Venezuelan State, especially the primary activity. Article 150 establishes that all public interest contracts must be approved by parliament.”
The debate was closed by the deputy for the State of Nueva Esparta, Tobias Bolivar, who reiterated the illegality of this transaction made by the company ROSNEFT. “Everyone who contracts with the regime does what is in their best interest. The ROSNEFT company, suffocated by the serious political and economic situation of Maduro’s regime, has opted to disengage itself from its obligations, in flagrant violation of the constitutional norms that govern its contracting responsibilities with Venezuela, which is why we support the agreement to open an in-depth investigation into this case.”