Through the Delegate Commission, the legitimate National Assembly approved an agreement by which it condemns and rejects the transaction carried out by Nicolás Maduro’s regime, by transferring 49 percent of the shares of the refinery “Dominicana de Petróleo PDVSA” (Refidomsa), owned by PDV Caribe, S.A., a subsidiary of Petróleos de Venezuela, to the Dominican government, as part of an exchange for unpaid bonds.
This Tuesday in the ordinary session of assembly held online, was addressed the issue of the sale of ‘PDV Caribe’ shares to the government of the Dominican Republic by Maduro’s regime, without taking into account the constitutional and legal restrictions to do these kinds of negotiations.
The approved agreement clearly states that the change in ownership of the shareholding of any of the companies located abroad, which are legitimately owned by Petróleos de Venezuela S.A., or its subsidiaries, is unknown.
Likewise, it holds Nicolás Maduro, his regime, as well as those public officials and members who usurp the Board of Directors of Petróleos de Venezuela SA, responsible for the consolidation of this type of dark transactions that allow the dispossession of goods and properties of the Venezuelan people abroad, and remind everybody that according to the Constitution of the Republic and the Venezuelan legal norm, acts of corruption do not prescribe.
The agreement also states that all the governments of the world must be warned that these agreements that are signed by Nicolás Maduro’s usurping government and its officials, that involve the change of ownership of shares owned by the government company, are not valid and will not be recognized. Petróleos de Venezuela SA, its subsidiaries and companies, as well as any other act that has not been expressly authorized by the legitimate National Assembly, as established in the Constitution of the Republic and the Statute Law that Governs the Transition to Democracy.
Likewise, it was approved that the National Assembly reserves the power to exercise legal actions against the complicit officials of Nicolás Maduro’s regime who are responsible for non-compliance with the provisions established in the Constitution of the Republic, in the laws that regulate the matter on corruption and on the protection of the assets owned by the Republic, and the agreements emanating from this Legislative Power.
A Dark transaction with no transparency
The debate on this issue was started by the President of the Energy and Petroleum Commission of the National Assembly (AN), the deputy for Zulia State, Elías Matta, who ratified the rejection of the operation carried out by Maduro’s regime, who through a swap between PDVSA and a commercial company PATSA of the economic group Rizek, which received 49 percent of the shares that Venezuela had in the refinery in the Dominican Republic, in exchange for bonds issued by PDVSA and the Bolivarian Republic of Venezuela.
“Thanks to the mismanagement of the Republic’s resources by the regime, since 2017 these bonds today are practically called junk bonds because these irresponsible guys do not comply with the corresponding payments.”
Mr. 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 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 the nominal value of these bonds, there is no transparency, why was this PATSA company specifically chosen? Therefore, from this NA we approve this agreement, to inform the public opinion of this operation that is totally obscure and that we are not going to endorse the loss of the nation’s assets.”
For her part, the Deputy for the Carabobo State, Deyalitza Aray, said that the level of devastation and contempt of those who represent the socialism of the 21st century have maintained for the assets of the nation, is thoroughly demonstrated.
“The sale was made below the real price to pay off foreign bonds on a fraudulent debt contracted through corrupt practices and that they intend to attribute this debt to the sanctions that the United States government has imposed against some representatives of Maduro’s regime, precisely for ties and acts of corruption.”
She added that the regime once again commits an act to the detriment of the nation’s assets, affecting Venezuela’s oil industry. “We support this agreement and ratify the commitment to ensure and advance to recover not only democracy, but also the country’s industries, the nation’s assets that have been beaten, smashed and annihilated by this macabre system.”
A mutilation to the new generations
Likewise, the deputy for Zulia State, José Luis Pirela, on behalf of the Parliamentary Fraction ’16 de Julio’, condemns the sale of the Venezuelan refinery in the Dominican Republic, as well as any irregular handling of the nation’s assets.
He stressed that this regime is mutilating Venezuela’s oil internationalization strategy, “it was not enough for them to bankrupt and ruin PDVSA.” He affirmed that the irresponsible sale of assets in the country, such as the refinery in the Dominican Republic, is an attack on the interests of the future of the country.
“This is mutilation and aggression against the coming generations. For this reason, we Venezuelans are obliged to take care of and defend Venezuela’s assets abroad. We must reject any manipulation and that is why we ratify the condemnation of Nicolás Maduro’s regime, not only for this sale, but for other assets that have been irresponsibly squandered.”
The scam of the century
For the Deputy for Falcón State, Luis Stefanelli, the regime once again gave a ‘blow’ to the patrimonial assets of Venezuelans, particularly those that for possibly diplomatic reasons could not be secured and were left in the hands of the usurper government. “This is a very hard blow to the interests of PDVSA and Venezuelans.”
He warned that the most serious thing is that the nation receives for this exchange some un-described bonds, due to the opacity and lack of transparency in the operation, if at face value or market value, if it is the former, in his opinion it would be the scam of the century. These bonds would have been paid at 10 to 15 percent of their face value, plus the 42 million net loss from the direct subtraction of 130 million dollars that were paid 10 years ago, against the 88 million that are received for this negotiation.
“If they are receiving the bonds at face value, which is what we presume is happening, we must denounce this as a scam, as the looting of the century against the interests of Venezuelans,” said the Falcon deputy.
The party of corruption
Finally, the Deputy for Caracas, Jorge Millán, argued that the regime hands over the country’s wealth in order to receive funds and continue with “the party of corruption” which is the only thing where it has been efficient.
In his opinion, the Dominican Refinery owned by PDV Caribe, a subsidiary of Petróleos de Venezuela, has been sold at a skinny price by Maduro’s regime, to receive fresh funds and continue living the high life, at the cost of the misery of the Venezuelans.
“We question, denounce and warn the illegality of the sale of these Venezuelan assets in the Dominican Republic, this is fraud against the nation, and we insist that this destruction of Venezuela’s wealth must be sanctioned when the country regains justice and the rule of law. We Venezuelans demand that accounts are given on the destination of those funds received by this fraudulent negotiation.”