It is impossible to think that the PETRO, which is a TOKEN, very badly stated in fact, that it has no clear structure, have the nerve to think that they will do well, or that they have a future.
This is not even supported by a Government, but by a Usurper, who are not able to make them enter an Exchange, because they know very well that their price will fall to zero.
Who are you trying to cheat? In this forum there are people with a high level of knowledge, what reliability will generate in an Investor, have desire to put money in a Token whose country is falling apart?
You have to look at the news! only with that, it is impossible to believe in a token made by a group of dictators, that, at any time, those unwary who have invested there, can take their money without the right to return.
Topic: [PRE-SALE][ICO] Petro $PTR - Oil backed crypto currency launched by Venezuela - page 3. (Read 28498 times)
February 25, 2019, 02:03:56 PM
February 25, 2019, 01:36:20 PM
The developers. How do you think? Can the political situation inside affect the implementation of your project? The news is disturbing.
February 25, 2019, 05:39:26 AM
Selling more oil to markets in Asia would increase transport costs, because ports in Venezuela are not well-equipped to load tankers for travelling long distances.
Exports to India may be heavily discounted "because of quality issues and to compete with Middle Eastern grades", says Paola Rodriguez-Masiu, an analyst at Rystad Energy.
But there is certainly a demand for heavy crude oil such as that found in Venezuela.
There is a global shortage because of sanctions on Iranian oil, while lower levels of production in Canada, Mexico and Opec member countries has also had an impact.
US importers will need to find new suppliers of heavy crude, which it uses to produce diesel and jet fuel.
"The Venezuelan crisis has made heavy crude more expensive for the US," says Ms Rodriguez-Masiu.
But this will not help Venezuela, desperate to find new markets for its oil at a time of deepening economic and political crisis.
The sanctions will continue to hit the country hard.
https://www.bbc.com/news/world-latin-america-47239060
Exports to India may be heavily discounted "because of quality issues and to compete with Middle Eastern grades", says Paola Rodriguez-Masiu, an analyst at Rystad Energy.
But there is certainly a demand for heavy crude oil such as that found in Venezuela.
There is a global shortage because of sanctions on Iranian oil, while lower levels of production in Canada, Mexico and Opec member countries has also had an impact.
US importers will need to find new suppliers of heavy crude, which it uses to produce diesel and jet fuel.
"The Venezuelan crisis has made heavy crude more expensive for the US," says Ms Rodriguez-Masiu.
But this will not help Venezuela, desperate to find new markets for its oil at a time of deepening economic and political crisis.
The sanctions will continue to hit the country hard.
https://www.bbc.com/news/world-latin-america-47239060
February 21, 2019, 10:37:42 AM
Its true all over the world no matter the stated politics of that nation, government does not run the best business. The most efficiency comes from open competition where the entrants will lose their own money if they fail to improve absolutely every point of the process, its worry for them everyday and its not just a job but their livelihood and outlook for life. If people are just doing a job and waiting for it to finish they are massively less incentivized, we all had work like this and you get it done but often its not as well done and you leave as soon as possible.
Its impossible to dictate this kind of quality, really the only way is by allowing private loss or private gains. Even the nation with the biggest government should allow private innovation at some point, I read some South American countries there is a great many people who operate a business out of a car because anything larger becomes a victim of endless paper work.
Also in USA read the small print on any of their latest government 'initiatives' it often allows the exclusion of business with less then 50 employees, why is because it would squash and end those business otherwise. Everywhere needs some small gap for the light to break through, I hope Venezuela finds this
Its impossible to dictate this kind of quality, really the only way is by allowing private loss or private gains. Even the nation with the biggest government should allow private innovation at some point, I read some South American countries there is a great many people who operate a business out of a car because anything larger becomes a victim of endless paper work.
Also in USA read the small print on any of their latest government 'initiatives' it often allows the exclusion of business with less then 50 employees, why is because it would squash and end those business otherwise. Everywhere needs some small gap for the light to break through, I hope Venezuela finds this
February 20, 2019, 03:51:52 AM
"If you want your baby to be prettier than it is, do not put any imported diapers on, put on Venezuelan diapers: El Guayuco. The petrochemical revolution ". The phrase, which slogan advertising campaign, came out on the lips of Hugo Chavez on June 21, 2009. The head of state inaugurated a Socialist State Enterprise for the production of diapers, under Chinese technology.
The promise was to produce 144 million diapers a year, 5% of the total annual national market demand, which the Executive then placed at 1,300 million. "Your support is very important. This is only the first factory, but we need 20, 40, 50 factories like this one. In addition, I propose something, that we set up a factory here, that we can manufacture these equipment here, "a proud Chávez told Chinese businessmen.
The Guayucos had to reach the shelves of the state food distribution network, such as Mercal and Pdval, in May 2010, because initially they were willing to satisfy the needs of the government's social programs. However, the goal was never met and the investment of 9.3 million dollars that the Government allocated for the start-up of the factory, located within the Ana María Campos industrial park, of the El Tablazo petrochemical complex, was lost. Zulia
DISPOSABLE PROMISE
The lack of planning and control over the plant prevented the production of 894 million diapers to date, based on the estimated calculation of production by the late Hugo Chávez in 2009. A promise that would have been very useful to fulfill, since at least since In early 2011 there are recurrent failures in the supply of disposable diapers, a trend that has worsened in the last year.
The promise was to produce 144 million diapers a year, 5% of the total annual national market demand, which the Executive then placed at 1,300 million. "Your support is very important. This is only the first factory, but we need 20, 40, 50 factories like this one. In addition, I propose something, that we set up a factory here, that we can manufacture these equipment here, "a proud Chávez told Chinese businessmen.
The Guayucos had to reach the shelves of the state food distribution network, such as Mercal and Pdval, in May 2010, because initially they were willing to satisfy the needs of the government's social programs. However, the goal was never met and the investment of 9.3 million dollars that the Government allocated for the start-up of the factory, located within the Ana María Campos industrial park, of the El Tablazo petrochemical complex, was lost. Zulia
DISPOSABLE PROMISE
The lack of planning and control over the plant prevented the production of 894 million diapers to date, based on the estimated calculation of production by the late Hugo Chávez in 2009. A promise that would have been very useful to fulfill, since at least since In early 2011 there are recurrent failures in the supply of disposable diapers, a trend that has worsened in the last year.
The state is a bad business manager is a fact! It took Russia 18 years to come from an aliharkhichnogo state that had a monopoly on the country's resources and robbed the people. Even now, this issue is not fully resolved and there is a struggle with neo-feudalism and clans that can take Vlas into their own hands as soon as the current government weakens. They are like jackals waiting for the right moment. In my opinion, what Hugo Chavez did was about the same as in Russia and Kitai. And now Maduro is doing, the process is not fast. It will take more time, perhaps 10 years, to restore the economy. It is on this point that President Maduro consults with Moscow and Pikin for them this is a past stage.
February 18, 2019, 08:28:27 AM
Indian Oil Corp, the country’s top refiner, has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 to diversify its crude sources, its chairman said on Monday.
https://uk.reuters.com/article/us-india-ioc-usa/indian-oil-signs-first-annual-deal-for-u-s-oil-idUKKCN1Q70BU
https://uk.reuters.com/article/us-india-ioc-usa/indian-oil-signs-first-annual-deal-for-u-s-oil-idUKKCN1Q70BU
February 17, 2019, 08:07:33 PM
Really that could be the most important question, if Russia or China were to be able to refine the oil that Venezuela has then at least that end of the problem is solved for them. They just have to handle the production side, I have heard Russian personal will be deployed to Venezuela to ensure production continues and the country can meant its payment obligations
How the worlds largest reserve nation for oil comes to have such a problem when its entirely foreseeable has to be some appalling planning, even excluding every other reason this is enough reason for resignation and would be patriotic imo but these people never go easily or with any larger regard for others sadly
I do know India has developed a large capacity to refine crude oil and I guess they are a potential customer, they have little oil of their own to process. However they are already a main customer to Iran who are not lacking in capacity so it would come down to competitiveness. I also believe the world economy is not growing as fast as it could or should be, generally this is bearish for oil pricing but efficiency is always bullish
from today's news:
- Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday.
another article about indian oil:
https://uk.reuters.com/article/us-india-ioc-usa/indian-oil-signs-first-annual-deal-for-u-s-oil-idUKKCN1Q70BU
https://www.reuters.com/article/us-venezuela-politics-gazprombank/russias-gazprombank-decided-to-freeze-pdvsa-accounts-source-idUSKCN1Q60BK
I think India will look twice before buying venezuelan oil. Also as you said Russians staff take care of part of oil production, they will, as Chinese take care of their investments by keeping Maduro in governance unless opposition give them strong warranties ( that still will not happen imo). Now even if economy is doing better and oil barrel price rise again, venezuela will be not abble to restart production fully within years due to poor maintenance and lake of qualified personals that went abroad. Also many naturals ressources like fishing area suffered due to polution from pipelines leaks or gold extraction that seems to be booming.
February 17, 2019, 06:51:47 PM
"If you want your baby to be prettier than it is, do not put any imported diapers on, put on Venezuelan diapers: El Guayuco. The petrochemical revolution ". The phrase, which slogan advertising campaign, came out on the lips of Hugo Chavez on June 21, 2009. The head of state inaugurated a Socialist State Enterprise for the production of diapers, under Chinese technology.
The promise was to produce 144 million diapers a year, 5% of the total annual national market demand, which the Executive then placed at 1,300 million. "Your support is very important. This is only the first factory, but we need 20, 40, 50 factories like this one. In addition, I propose something, that we set up a factory here, that we can manufacture these equipment here, "a proud Chávez told Chinese businessmen.
The Guayucos had to reach the shelves of the state food distribution network, such as Mercal and Pdval, in May 2010, because initially they were willing to satisfy the needs of the government's social programs. However, the goal was never met and the investment of 9.3 million dollars that the Government allocated for the start-up of the factory, located within the Ana María Campos industrial park, of the El Tablazo petrochemical complex, was lost. Zulia
DISPOSABLE PROMISE
The lack of planning and control over the plant prevented the production of 894 million diapers to date, based on the estimated calculation of production by the late Hugo Chávez in 2009. A promise that would have been very useful to fulfill, since at least since In early 2011 there are recurrent failures in the supply of disposable diapers, a trend that has worsened in the last year.
"When my children were young they used to be cloth diapers," Chavez laughed at the opening of the plant. Now, in 2015, some parents have had to resume this practice, because even by order of the Executive is required to deliver the birth certificate to acquire diapers when they appear on the shelves of commercial establishments.
NEVER PROSPERED
The plant seemed destined to fail. It did not even serve the first group of diapers that were produced, the ones that Chávez showed on his VTV show . "The first batch of diapers did not work. They have planned to supply the second lot only in Zulia, because there is no production for the whole country, "a factory worker told the newspaper La Verdad de Maracaibo, in a report published in September 2009.
For the debut, the source said, the error was in not having the absorbent gel required by the diapers, a cellulose that they would also bring from China. "To Chavez this gave him rage," the worker swore.
No government official is referring to the socialist diapers, nor to the production of sanitary napkins that the deceased head of state also offered. In 2011, the Company of Social Production of the Guayucos ceased to be in the hands of Pequiven, was absorbed by the Ministry of Science, Technology and Intermediate Industries, without this guaranteeing its reactivation.
The promise was to produce 144 million diapers a year, 5% of the total annual national market demand, which the Executive then placed at 1,300 million. "Your support is very important. This is only the first factory, but we need 20, 40, 50 factories like this one. In addition, I propose something, that we set up a factory here, that we can manufacture these equipment here, "a proud Chávez told Chinese businessmen.
The Guayucos had to reach the shelves of the state food distribution network, such as Mercal and Pdval, in May 2010, because initially they were willing to satisfy the needs of the government's social programs. However, the goal was never met and the investment of 9.3 million dollars that the Government allocated for the start-up of the factory, located within the Ana María Campos industrial park, of the El Tablazo petrochemical complex, was lost. Zulia
DISPOSABLE PROMISE
The lack of planning and control over the plant prevented the production of 894 million diapers to date, based on the estimated calculation of production by the late Hugo Chávez in 2009. A promise that would have been very useful to fulfill, since at least since In early 2011 there are recurrent failures in the supply of disposable diapers, a trend that has worsened in the last year.
"When my children were young they used to be cloth diapers," Chavez laughed at the opening of the plant. Now, in 2015, some parents have had to resume this practice, because even by order of the Executive is required to deliver the birth certificate to acquire diapers when they appear on the shelves of commercial establishments.
NEVER PROSPERED
The plant seemed destined to fail. It did not even serve the first group of diapers that were produced, the ones that Chávez showed on his VTV show . "The first batch of diapers did not work. They have planned to supply the second lot only in Zulia, because there is no production for the whole country, "a factory worker told the newspaper La Verdad de Maracaibo, in a report published in September 2009.
For the debut, the source said, the error was in not having the absorbent gel required by the diapers, a cellulose that they would also bring from China. "To Chavez this gave him rage," the worker swore.
No government official is referring to the socialist diapers, nor to the production of sanitary napkins that the deceased head of state also offered. In 2011, the Company of Social Production of the Guayucos ceased to be in the hands of Pequiven, was absorbed by the Ministry of Science, Technology and Intermediate Industries, without this guaranteeing its reactivation.
February 17, 2019, 06:45:14 PM
In Venezuela it has been some time since anyone talks about Petro. It was just another failure of the regimen.
February 17, 2019, 06:39:28 PM
The government led to the collapse of more than 1,000 companies expropriated in 12 years
"We called them recovered companies, but they ended up being the biggest failure and defeat," said Marcela Maspero, president of the union. He reported that Maduro increased corruption and harassment
By CARLOS SEIJAS MENESES | [email protected]
AUGUST 13, 2018 07:00 AM | UPDATED ON AUGUST 13, 2018 07:06 AM
The collapse of the ship Tallink 5 of Conferry, a shipping company that was nationalized by the late President Hugo Chávez in 2011, illustrates the state to which the government administration led the 1,359 companies that it expropriated between 2005 and 2017, a figure calculated by the Observatory of Property Rights of Cedice.
Even the Executive recently admitted that it had failed in the administration of the state companies, of which many passed into the hands of the State through the means of expropriation, confiscation and nationalization. "The productive models that we have tried so far have failed, and the responsibility is ours, mine and yours," said President Nicolás Maduro on July 30 at the PSUV congress.
Ana Carrasquero, researcher of the Observatory, affirmed that the fall of the production is not due to the fact that the government does not know how to administer, but that it is part of "a policy of systematic attack" against the right of property, which was established in the First Socialist Plan of the Nation 2007-2013.
The expert said that both state and re-nationalized companies have demonstrated that they are a loss of monetary resources and that they lack the capacity to generate, effectively, products for the domestic market. "After the number of sugar mills that were expropriated, why is sugar not easily available now? The same happens with the number of coffee companies, "he said.
In the end, the State contributed to the fall of domestic production and generated a process of scarcity of goods of all kinds, something that had never been seen in the history of Venezuela, added the researcher.
The NGO Transparencia Venezuela noted in the report State-Owned Enterprises in Venezuela that the dramatic situation in the country, considered a humanitarian crisis since 2016, is partly the responsibility of "the poor management" of public companies in the manufacturing, agro-industrial and commercial sectors . "The State has important manufacturing companies of the basic items that are scarce in the country and instead of increasing the production of them, it has decreased."
More intervention, less production . Cedice indicates in the report Cost and impact of the expropriations: causes of a patrimonial state that was in 2005 when they began to register the interventions to the private property; the starting point was El Charcote, which belonged to the British Vestey group and to which the government bought the herd for 4.1 million dollars in 2006, after a long period of negotiations.
After expropriating companies in sectors such as oil, electricity, telephone and food, in 2008 the government agreed to pay 270 million dollars for 89% of the local unit of France's Lafarge and 552 million for 85% of Holcim Switzerland with French cement companies Lafarge and the Swiss Holcim, while expropriated the subsidiary of the Mexican Cemex, so it became the owner of the cement monopoly.
After the nationalization of the cement industry, production fell and currently the paralysis in all plants is 80%, said Abner Mendoza, of Venezolana de Cementos. He pointed out that the country has an installed capacity of 10 million metric tons, but now what they produce does not even reach 3 million.
In that year the government also set its sights on Lácteos Los Andes, founded in 1984 and acquired by Pdvsa in 2008. Although its production grew 33% between 2007 and 2012, according to Transparencia Venezuela, in the last 6 years it has fallen due to lack of material premium and deficiency in the maintenance of equipment and plants.
A trade unionist of Dairy Los Andes, who asked not to name his name, said that production is completely paralyzed since 2017 due to lack of raw materials. "We have met with several ministries, but they ignore the problem," he said.
Transparencia Venezuela indicated that the production of milk, sugar and cement fell below the levels prior to the nationalization of the respective companies and that Venezuela, from being an exporter of coffee, became an importer. Fama de América, producer of this item, was expropriated in 2009. In 2016, they worked at 10% of their capacity due to lack of raw material and now the product is seldom available in the market.
In 2010 the tsunami of expropriations also devastated the supermarket chains Cada and Éxito, which were replaced by the Bicentennial Supply Network.
Jorge Lastra, director of the Rabsa union, said that when those supermarkets were private the shelves were always full and offered several brands. But later, when it passed into the hands of the State, products began to run short.
"Abastos Bicentenario has rotted," Maduro said in February 2016 and ordered a restructuring of the network. After the measure, more than 10,000 workers were dismissed. The liquidations to the employees have continued in the branches that close to become CLAP Stores, now in private hands.
Eight years ago, the government also nationalized Sidetur. When it was private, it produced more than 40% of the bars in the national market. Alejandro Álvarez, general secretary of Sidernac, affirmed that currently the Casima Plant has been paralyzed for more than a year.
From the promise to failure . "We called them recovered companies, but they ended up being the biggest failure and defeat," said Marcela Maspero, president of the National Union of Workers of Venezuela.
He pointed out that at first the workers supported the expropriations that Chávez made with the hope and intention of maintaining productivity, improving the distribution of products and services and working conditions and guaranteeing and increasing the distribution of wealth, to the benefit of workers to improve their rights. This happened with companies such as Venepal, Cantv and the electrical system.
But none of the promises were fulfilled, he said. "The people who were at the forefront of what they did was to try to put an end to the trade union organizations, divide, disperse, persecute, harass, imprison and even assassinate trade union leaders who even fought for production," he said.
Later, under the presidency of Maduro, the government took out another letter that it had up its sleeve: the Bolivarian National Armed Forces. "Now we have the militarism present in the companies, which is much more serious because, in addition to implanting the military regime, corruption, harassment and persecution have increased," Maspero said.
He added that all state-owned companies are a failure due to lack of maintenance, corruption, lack of labor rights, union persecution and absolute lack of production.
________________________________________
They denounce Invecem's technical paralysis
The deputy to the National Assembly, Carolina de Miranda, affirmed that workers of the Industria Venezolana de Cemento plant, a subsidiary of the Cemento Socialista Corporation, located in the town of San Sebastián de los Reyes, in the state of Aragua, protested against the paralysis technique of the state company for lack of raw material.
He said that the president of the workers' union of Invecem, Luis Carrillo, informed him that they decided to activate the labor dispute and, among them, to make peaceful protests at the doors of the plant during the morning hours until the company was reactivated.
De Miranda said that, in addition to the wage issue and demand economic demands, the nearly 300 workers are concerned about the paralysis of the 3 production lines, including the one that was inaugurated in March 2016 with an investment of 126 million dollars. of the China-Venezuela agreement. "There are workers with up to 30 years of service who are worried about their job stability," he said.
________________________________________
Failure in the hands of the State
Dairy Los Andes
Founded in 1984, it was acquired by Pdvsa in March 2008. Although its production grew 33% between 2007 and 2012, according to Transparencia Venezuela, in the last 6 years it has fallen due to lack of raw materials. It is paralyzed from 2017.
National Cement Industry
Since the government took control of companies such as Lafarge, Holcim and Cemex in 2008, production fell. Not even 30% of the installed capacity is produced, which is equivalent to 10 million metric tons.
Fame of America
The coffee producing company was expropriated in 2009. In 2016, it operated at 10% of its capacity due to the lack of raw material and since then production has remained in a tailspin. Workers have protested for fear of losing their jobs.
Agroisleña
In 2010 it was expropriated by the late President Hugo Chávez, who renamed it Agropatria. Since then, producers have denounced the increasingly meager supply of inputs for agricultural production.
Hypermarkets Success
In 2010, Chávez expropriated the Franco-Colombian supermarket chain, whose premises became part of the Bicentennial Supply. The official network was privatized by Nicolás Maduro. Now it's called CLAP Stores.
Sidetur
In 2010 the government nationalized Sidetur. Alejandro Álvarez, general secretary of the Syndicate of the Casima National Steel Complex, has reported that the plant has been paralyzed for more than a year now
"We called them recovered companies, but they ended up being the biggest failure and defeat," said Marcela Maspero, president of the union. He reported that Maduro increased corruption and harassment
By CARLOS SEIJAS MENESES | [email protected]
AUGUST 13, 2018 07:00 AM | UPDATED ON AUGUST 13, 2018 07:06 AM
The collapse of the ship Tallink 5 of Conferry, a shipping company that was nationalized by the late President Hugo Chávez in 2011, illustrates the state to which the government administration led the 1,359 companies that it expropriated between 2005 and 2017, a figure calculated by the Observatory of Property Rights of Cedice.
Even the Executive recently admitted that it had failed in the administration of the state companies, of which many passed into the hands of the State through the means of expropriation, confiscation and nationalization. "The productive models that we have tried so far have failed, and the responsibility is ours, mine and yours," said President Nicolás Maduro on July 30 at the PSUV congress.
Ana Carrasquero, researcher of the Observatory, affirmed that the fall of the production is not due to the fact that the government does not know how to administer, but that it is part of "a policy of systematic attack" against the right of property, which was established in the First Socialist Plan of the Nation 2007-2013.
The expert said that both state and re-nationalized companies have demonstrated that they are a loss of monetary resources and that they lack the capacity to generate, effectively, products for the domestic market. "After the number of sugar mills that were expropriated, why is sugar not easily available now? The same happens with the number of coffee companies, "he said.
In the end, the State contributed to the fall of domestic production and generated a process of scarcity of goods of all kinds, something that had never been seen in the history of Venezuela, added the researcher.
The NGO Transparencia Venezuela noted in the report State-Owned Enterprises in Venezuela that the dramatic situation in the country, considered a humanitarian crisis since 2016, is partly the responsibility of "the poor management" of public companies in the manufacturing, agro-industrial and commercial sectors . "The State has important manufacturing companies of the basic items that are scarce in the country and instead of increasing the production of them, it has decreased."
More intervention, less production . Cedice indicates in the report Cost and impact of the expropriations: causes of a patrimonial state that was in 2005 when they began to register the interventions to the private property; the starting point was El Charcote, which belonged to the British Vestey group and to which the government bought the herd for 4.1 million dollars in 2006, after a long period of negotiations.
After expropriating companies in sectors such as oil, electricity, telephone and food, in 2008 the government agreed to pay 270 million dollars for 89% of the local unit of France's Lafarge and 552 million for 85% of Holcim Switzerland with French cement companies Lafarge and the Swiss Holcim, while expropriated the subsidiary of the Mexican Cemex, so it became the owner of the cement monopoly.
After the nationalization of the cement industry, production fell and currently the paralysis in all plants is 80%, said Abner Mendoza, of Venezolana de Cementos. He pointed out that the country has an installed capacity of 10 million metric tons, but now what they produce does not even reach 3 million.
In that year the government also set its sights on Lácteos Los Andes, founded in 1984 and acquired by Pdvsa in 2008. Although its production grew 33% between 2007 and 2012, according to Transparencia Venezuela, in the last 6 years it has fallen due to lack of material premium and deficiency in the maintenance of equipment and plants.
A trade unionist of Dairy Los Andes, who asked not to name his name, said that production is completely paralyzed since 2017 due to lack of raw materials. "We have met with several ministries, but they ignore the problem," he said.
Transparencia Venezuela indicated that the production of milk, sugar and cement fell below the levels prior to the nationalization of the respective companies and that Venezuela, from being an exporter of coffee, became an importer. Fama de América, producer of this item, was expropriated in 2009. In 2016, they worked at 10% of their capacity due to lack of raw material and now the product is seldom available in the market.
In 2010 the tsunami of expropriations also devastated the supermarket chains Cada and Éxito, which were replaced by the Bicentennial Supply Network.
Jorge Lastra, director of the Rabsa union, said that when those supermarkets were private the shelves were always full and offered several brands. But later, when it passed into the hands of the State, products began to run short.
"Abastos Bicentenario has rotted," Maduro said in February 2016 and ordered a restructuring of the network. After the measure, more than 10,000 workers were dismissed. The liquidations to the employees have continued in the branches that close to become CLAP Stores, now in private hands.
Eight years ago, the government also nationalized Sidetur. When it was private, it produced more than 40% of the bars in the national market. Alejandro Álvarez, general secretary of Sidernac, affirmed that currently the Casima Plant has been paralyzed for more than a year.
From the promise to failure . "We called them recovered companies, but they ended up being the biggest failure and defeat," said Marcela Maspero, president of the National Union of Workers of Venezuela.
He pointed out that at first the workers supported the expropriations that Chávez made with the hope and intention of maintaining productivity, improving the distribution of products and services and working conditions and guaranteeing and increasing the distribution of wealth, to the benefit of workers to improve their rights. This happened with companies such as Venepal, Cantv and the electrical system.
But none of the promises were fulfilled, he said. "The people who were at the forefront of what they did was to try to put an end to the trade union organizations, divide, disperse, persecute, harass, imprison and even assassinate trade union leaders who even fought for production," he said.
Later, under the presidency of Maduro, the government took out another letter that it had up its sleeve: the Bolivarian National Armed Forces. "Now we have the militarism present in the companies, which is much more serious because, in addition to implanting the military regime, corruption, harassment and persecution have increased," Maspero said.
He added that all state-owned companies are a failure due to lack of maintenance, corruption, lack of labor rights, union persecution and absolute lack of production.
________________________________________
They denounce Invecem's technical paralysis
The deputy to the National Assembly, Carolina de Miranda, affirmed that workers of the Industria Venezolana de Cemento plant, a subsidiary of the Cemento Socialista Corporation, located in the town of San Sebastián de los Reyes, in the state of Aragua, protested against the paralysis technique of the state company for lack of raw material.
He said that the president of the workers' union of Invecem, Luis Carrillo, informed him that they decided to activate the labor dispute and, among them, to make peaceful protests at the doors of the plant during the morning hours until the company was reactivated.
De Miranda said that, in addition to the wage issue and demand economic demands, the nearly 300 workers are concerned about the paralysis of the 3 production lines, including the one that was inaugurated in March 2016 with an investment of 126 million dollars. of the China-Venezuela agreement. "There are workers with up to 30 years of service who are worried about their job stability," he said.
________________________________________
Failure in the hands of the State
Dairy Los Andes
Founded in 1984, it was acquired by Pdvsa in March 2008. Although its production grew 33% between 2007 and 2012, according to Transparencia Venezuela, in the last 6 years it has fallen due to lack of raw materials. It is paralyzed from 2017.
National Cement Industry
Since the government took control of companies such as Lafarge, Holcim and Cemex in 2008, production fell. Not even 30% of the installed capacity is produced, which is equivalent to 10 million metric tons.
Fame of America
The coffee producing company was expropriated in 2009. In 2016, it operated at 10% of its capacity due to the lack of raw material and since then production has remained in a tailspin. Workers have protested for fear of losing their jobs.
Agroisleña
In 2010 it was expropriated by the late President Hugo Chávez, who renamed it Agropatria. Since then, producers have denounced the increasingly meager supply of inputs for agricultural production.
Hypermarkets Success
In 2010, Chávez expropriated the Franco-Colombian supermarket chain, whose premises became part of the Bicentennial Supply. The official network was privatized by Nicolás Maduro. Now it's called CLAP Stores.
Sidetur
In 2010 the government nationalized Sidetur. Alejandro Álvarez, general secretary of the Syndicate of the Casima National Steel Complex, has reported that the plant has been paralyzed for more than a year now
February 17, 2019, 05:12:36 PM
Hey I hope you are right for the sake of people who would benefit from working systems. However I dont think it can only be done exclusively for PTR, it would have an open attitude towards all crypto for the reason an open market is always best to sort through positive and negatives concepts and discard the non working quickly.
If crypto is done only with a large bias it could end up as a failure there. Many do not regard any crypto which has bias towards select individuals as properly implemented. If somehow they make it work anyway then ok, I guess thats to their benefit but also I expect an unbalanced system to shake itself apart and not be a useful addition to the economy
Really that could be the most important question, if Russia or China were to be able to refine the oil that Venezuela has then at least that end of the problem is solved for them. They just have to handle the production side, I have heard Russian personal will be deployed to Venezuela to ensure production continues and the country can meant its payment obligations
How the worlds largest reserve nation for oil comes to have such a problem when its entirely foreseeable has to be some appalling planning, even excluding every other reason this is enough reason for resignation and would be patriotic imo but these people never go easily or with any larger regard for others sadly
I do know India has developed a large capacity to refine crude oil and I guess they are a potential customer, they have little oil of their own to process. However they are already a main customer to Iran who are not lacking in capacity so it would come down to competitiveness. I also believe the world economy is not growing as fast as it could or should be, generally this is bearish for oil pricing but efficiency is always bullish
If crypto is done only with a large bias it could end up as a failure there. Many do not regard any crypto which has bias towards select individuals as properly implemented. If somehow they make it work anyway then ok, I guess thats to their benefit but also I expect an unbalanced system to shake itself apart and not be a useful addition to the economy
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
Really that could be the most important question, if Russia or China were to be able to refine the oil that Venezuela has then at least that end of the problem is solved for them. They just have to handle the production side, I have heard Russian personal will be deployed to Venezuela to ensure production continues and the country can meant its payment obligations
How the worlds largest reserve nation for oil comes to have such a problem when its entirely foreseeable has to be some appalling planning, even excluding every other reason this is enough reason for resignation and would be patriotic imo but these people never go easily or with any larger regard for others sadly
I do know India has developed a large capacity to refine crude oil and I guess they are a potential customer, they have little oil of their own to process. However they are already a main customer to Iran who are not lacking in capacity so it would come down to competitiveness. I also believe the world economy is not growing as fast as it could or should be, generally this is bearish for oil pricing but efficiency is always bullish
February 17, 2019, 09:52:42 AM
I'm surprised people don't understand what's going on at all.
You Venezuelans are given a chance to raise the cryptocurrency market and the Blockchain industry to a new level. And you are not aware of this, the ability to attract foreign Blockchain companies that have the potential and opportunities to operate in your country, so in their jurisdictions they are strictly limited and do not have a cryptocurrency law allowing them to legitimately exist and earn.
And you have a great opportunity to create conditions for them
You are given an excellent tool in the form of crypto-Pet Petro backing by the state. And it is incomprehensible to me because of what conflicts arise between you. Doesn’t each of you want prosperity for Venezuela, you have a chance to correct this situation that has developed today. And no matter k o rights and blame
Start with the crypoobshchestva in this will play an important role.
Yes, I believe in Petro more than many of you.
And I’m ready for my team to implement the crowdbuilding platform using smart contracts where Petro’s cryptocurrency will be the means of payment.
Everything is already clear that projects that produce their tokens or who do not need as a payment, since neither has liquidity, special projects associated with the real sector of the economy.
I propose to keep this thread in exactly this vein, based on the proposed Petro tool, we will use the crypto-community for the purposes for which it was created, namely, to introduce services as a universal means of payment in Blockchain and not only. Let while only in Venezuela. In this way, we can influence the well-being of the country and its citizens, and make the country investment-attractive for foreign capital.
And for politics we find another place)))
You Venezuelans are given a chance to raise the cryptocurrency market and the Blockchain industry to a new level. And you are not aware of this, the ability to attract foreign Blockchain companies that have the potential and opportunities to operate in your country, so in their jurisdictions they are strictly limited and do not have a cryptocurrency law allowing them to legitimately exist and earn.
And you have a great opportunity to create conditions for them
You are given an excellent tool in the form of crypto-Pet Petro backing by the state. And it is incomprehensible to me because of what conflicts arise between you. Doesn’t each of you want prosperity for Venezuela, you have a chance to correct this situation that has developed today. And no matter k o rights and blame
Start with the crypoobshchestva in this will play an important role.
Yes, I believe in Petro more than many of you.
And I’m ready for my team to implement the crowdbuilding platform using smart contracts where Petro’s cryptocurrency will be the means of payment.
Everything is already clear that projects that produce their tokens or who do not need as a payment, since neither has liquidity, special projects associated with the real sector of the economy.
I propose to keep this thread in exactly this vein, based on the proposed Petro tool, we will use the crypto-community for the purposes for which it was created, namely, to introduce services as a universal means of payment in Blockchain and not only. Let while only in Venezuela. In this way, we can influence the well-being of the country and its citizens, and make the country investment-attractive for foreign capital.
And for politics we find another place)))
February 07, 2019, 05:01:22 PM
By: Javier Antonio Vivas Santana | Wednesday, 02/06/2019 04:09 PM|
They had to spend six years of economic hardship, wrapped up with a terrible hyperinflation that exceeds 1,000,000%, combined with a permanent shortage of food and medicines, in the midst of a collapse of essential public services such as water, electricity and transportation so that the madurismo will end up recognizing a rate of change superior to the one of the parallel market, and with it that in Venezuela the effective minimum wage is of 18 cents of dollar per day, which is to say, that we have the lowest salary of the continent - and probably the world - which does not even approach the daily dollar established by the United Nations (UN) as survival income for those who are in critical poverty.
Faced with this reality, no salary in Venezuela can cope with the severe economic crisis. That has been the madurista legacy during the sexenio of economic destruction that the now usurping dome of Miraflores has originated for the Venezuelans. Today, from the most humble worker, to the most prepared of the Venezuelan doctors, he receives miserable incomes that do not even add up the highest of the levels in the level of public administration exceeds the daily dollar of income.
So we have that both a university professor with doctorate studies, and a general who has completed his formation of the General Staff with Security and Defense, comes to have as salary not even the 30 dollars a month. That is a shame for the oil nation that Maduro boasts so much in its permanent chains, in which he lives telling us that we have the largest oil reserves on the planet, and which supposedly represent the ultimate goal of the United States for wanting to "overthrow it". "
Nothing more fake and removed from reality as a political argument. Because if so, then what have been the reasons that have oriented to the madurismo to continue selling during all these years to that country the maximum possible amount of oil? How can Venezuelaism justify having such a large amount of reserves, its main oil industry has decreased its production levels in the last six years by approximately two million barrels per day? In what way can the maduristas justify, especially the resentful old age that lives us talking about "economic war - that we Venezuelans have to suffer this reality?How can the maduristas justify that the people of the homeland of Bolívar have to live on remittances because the neo-communist and neo-Nazi system completely destroyed the national currency ?
To top it all, the educational system is in deplorable conditions. Visiting a school, high school or university is a reflection of the moral and ethical bankruptcy of Venezuela. Not only is seeing how both students and teachers are subjected in humiliating conditions of what should be a suitable environment for learning, but the school dropout increases daily, along with the abandonment of the teaching career as a means of existence of life, without forgetting that both the school feeding program and university canteens disappeared as a social policy, and when they "work" they call "feeding" a miserable spoonful of lentils that the Turks of Erdogan change us for gold ingots.
In relation to the healthcare system, the crisis is more vulnerable. In hospitals and outpatient clinics there is not a headache pill, or even gauze or cotton. However, the maduristas as well as they did not know the value of the parallel currency market, dare to tell us that we have the health system "more human" and "quality", as Tareck El Aissami says ², reason why which, one should ask these individuals, when they or their family members are affected by any pathology will they be "cured" in the public welfare centers? Hypocrites!
Those who defend the madurismo, defend hyperinflation. Those who defend the madurismo, defend that you do not have water or light in their homes or work spaces. Those who defend the madurismo, defend that crime act with impunity, stealing, robbing and murdering. Those who defend madurism defend corruption. Those who defend the madurism, defend that the madurista dome live as a capitalist elite. Those who defend the madurismo, defend corruption. Those who defend the madurismo, defend with their smiles that most Venezuelans suffer because they have nothing to eat. Those who defend the madurismo, defend that our children die for lack of a vaccine or medicine. Those who defend the madurismo, They defend that our pensioners sleep in the streets and avenues to collect a miserable pension. Those who defend the madurismo, they are glad that we give away the little oil that we produce to the Cuban corruption. Those who defend Madurism, only want to see the Venezuelans suffer.
Venezuela is dying. Those who still defend this political slop that still remains in Miraflores by the force of arms and the blackmail of hunger, know that their days are in countdown. After six years of economic destruction, the maduristas are happy because they have achieved that Venezuelans have a salary of 18 cents per day. About being blind. Anyone with eyes to see.
They had to spend six years of economic hardship, wrapped up with a terrible hyperinflation that exceeds 1,000,000%, combined with a permanent shortage of food and medicines, in the midst of a collapse of essential public services such as water, electricity and transportation so that the madurismo will end up recognizing a rate of change superior to the one of the parallel market, and with it that in Venezuela the effective minimum wage is of 18 cents of dollar per day, which is to say, that we have the lowest salary of the continent - and probably the world - which does not even approach the daily dollar established by the United Nations (UN) as survival income for those who are in critical poverty.
Faced with this reality, no salary in Venezuela can cope with the severe economic crisis. That has been the madurista legacy during the sexenio of economic destruction that the now usurping dome of Miraflores has originated for the Venezuelans. Today, from the most humble worker, to the most prepared of the Venezuelan doctors, he receives miserable incomes that do not even add up the highest of the levels in the level of public administration exceeds the daily dollar of income.
So we have that both a university professor with doctorate studies, and a general who has completed his formation of the General Staff with Security and Defense, comes to have as salary not even the 30 dollars a month. That is a shame for the oil nation that Maduro boasts so much in its permanent chains, in which he lives telling us that we have the largest oil reserves on the planet, and which supposedly represent the ultimate goal of the United States for wanting to "overthrow it". "
Nothing more fake and removed from reality as a political argument. Because if so, then what have been the reasons that have oriented to the madurismo to continue selling during all these years to that country the maximum possible amount of oil? How can Venezuelaism justify having such a large amount of reserves, its main oil industry has decreased its production levels in the last six years by approximately two million barrels per day? In what way can the maduristas justify, especially the resentful old age that lives us talking about "economic war - that we Venezuelans have to suffer this reality?How can the maduristas justify that the people of the homeland of Bolívar have to live on remittances because the neo-communist and neo-Nazi system completely destroyed the national currency ?
To top it all, the educational system is in deplorable conditions. Visiting a school, high school or university is a reflection of the moral and ethical bankruptcy of Venezuela. Not only is seeing how both students and teachers are subjected in humiliating conditions of what should be a suitable environment for learning, but the school dropout increases daily, along with the abandonment of the teaching career as a means of existence of life, without forgetting that both the school feeding program and university canteens disappeared as a social policy, and when they "work" they call "feeding" a miserable spoonful of lentils that the Turks of Erdogan change us for gold ingots.
In relation to the healthcare system, the crisis is more vulnerable. In hospitals and outpatient clinics there is not a headache pill, or even gauze or cotton. However, the maduristas as well as they did not know the value of the parallel currency market, dare to tell us that we have the health system "more human" and "quality", as Tareck El Aissami says ², reason why which, one should ask these individuals, when they or their family members are affected by any pathology will they be "cured" in the public welfare centers? Hypocrites!
Those who defend the madurismo, defend hyperinflation. Those who defend the madurismo, defend that you do not have water or light in their homes or work spaces. Those who defend the madurismo, defend that crime act with impunity, stealing, robbing and murdering. Those who defend madurism defend corruption. Those who defend the madurism, defend that the madurista dome live as a capitalist elite. Those who defend the madurismo, defend corruption. Those who defend the madurismo, defend with their smiles that most Venezuelans suffer because they have nothing to eat. Those who defend the madurismo, defend that our children die for lack of a vaccine or medicine. Those who defend the madurismo, They defend that our pensioners sleep in the streets and avenues to collect a miserable pension. Those who defend the madurismo, they are glad that we give away the little oil that we produce to the Cuban corruption. Those who defend Madurism, only want to see the Venezuelans suffer.
Venezuela is dying. Those who still defend this political slop that still remains in Miraflores by the force of arms and the blackmail of hunger, know that their days are in countdown. After six years of economic destruction, the maduristas are happy because they have achieved that Venezuelans have a salary of 18 cents per day. About being blind. Anyone with eyes to see.
February 01, 2019, 07:36:32 AM
with russian contractors backing Maduro for safety, and heavy Chinese and Russian loans, I think Maduro and Petro is not yet gone, my only concern is that in the location of the supposed Oil plant, there is nothing more than hungry/angry people and no oils plants yet supposed to back Petro token.
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
it seems you were born yesterday
It seems you did not got your morning coffee because of socialists
January 31, 2019, 06:42:06 PM
with russian contractors backing Maduro for safety, and heavy Chinese and Russian loans, I think Maduro and Petro is not yet gone, my only concern is that in the location of the supposed Oil plant, there is nothing more than hungry/angry people and no oils plants yet supposed to back Petro token.
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
it seems you were born yesterday
January 31, 2019, 09:35:34 AM
with russian contractors backing Maduro for safety, and heavy Chinese and Russian loans, I think Maduro and Petro is not yet gone, my only concern is that in the location of the supposed Oil plant, there is nothing more than hungry/angry people and no oils plants yet supposed to back Petro token.
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
Also venezuelan oil is heavy oil mean specific technics are require to make gazoline, and those rafineries are in united states, also the oil venezuela production fall from 3 millions barrells to 1.4- 0.7 million, as venezuela exchange trade balance is 90% dependant on oil sells, the situation is not going to change without external help.
Finaly even if the oil is there, It will require years to build oil facilities, and who's gonna supply materials ? who's money ?
January 31, 2019, 09:03:30 AM
Well, guess the whole project is probably going down the shitter right about now, seeing as how the whole Petro thing was Maduro's idea from Day 1, and expressly disowned by congress. I don't think he'll be in power this time next year. It's been interesting to watch.
January 31, 2019, 06:50:06 AM
that makes middle class Chinese and Indians rich in comparaison...
January 30, 2019, 11:58:31 AM
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