The President of the Energy and Petroleum Commission of the AN and deputy for Zulia State, Elías Matta, rejected the transaction carried out by Maduro’s regime who, through a swap between PDVSA and a commercial company “PATSA” part of the economic group Rizek, received 49 percent of the shares that Venezuela had in the Dominican Republic refinery, in exchange for debt bonds issued by PDVSA.
This was stated this Tuesday by Dep. Mata in the online session of the Delegate Commission, where he presented a rejection agreement on the sale of PDV Caribe shares to the government of the Dominican Republic by Maduro’s regime (through a third party), without taking taking into account the constitutional and legal restrictions to carry out this type of negotiation. The agreement was approved unanimously.
“Thanks to the mismanagement of the Republic’s resources by this regime, from 2017 on, these bonds are practically called junk bonds because the regime irresponsibly did not comply with the corresponding payments.”
Matta described this transaction as obscure because it was carried out under strange circumstances, since PATSA received the shares in exchange for the defaulted bonds and this same company sold the shares to the Dominican government for more than 88 million dollars.
“The first thing this operation did was violate article No. 150 of the Constitution of the Republic, because this is a public interest contract. Secondly, there is too much darkness in this operation: we do not know how much the nominal value of these bonds is, there was no transparency, why was this PATSA company specifically chosen? Therefore, from the National Assembly we approve the agreement to inform public opinion and the world of this operation that is totally obscure and we are not going to endorse the loss of the nation’s assets.”