First New Twist
posted on
Nov 28, 2018 10:02AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
The deputy of the National Assembly, Jorge Millan described as "suspicious" the fact that the Venezuelan government agreed to pay about a billion dollars to the Crystallex company to avoid the appeal and loss of Citgo shares.
"Itdoes not seem suspicious to you that the Maduro government intends to pay that sum of money. It is striking that a country that has been broken by a corrupt government continues to commit the State with new debts and new payments, "said Millán on November 27, in response to the 1.2 billion dollars that the Executive must pay to avoid the appeal. and loss of Citgo shares.
The parliamentarian "seems strange" and wonders where they will get that money. To which, he responds that he fears that the agreement is based on delivering more territory. It is worth remembering that Crystallex is in charge of marketing gold.
Millán said that the Parliament's Energy and Petroleum Commission will investigate the agreement and what was compromised in the negotiation, while reminding that it is illegal by not going through the National Assembly. Also, the deputy participated on Tuesday along with other parliamentarians in the installation of the inter-institutional commission to recover the oil industry.
"This government has done away with the oil industry. We see information every month about the fall in production while the government lies in saying that this production will be increased, "said the deputy who warns that" we are on the verge of producing one million barrels per day. We have refineries stopped by the inability of the government and by corruption. "
In that sense, he insists that a political and economic change is urgently needed to recover the largest company in Venezuela: PDVSA.
Decent management and legal adjustments for the operation of joint ventures are part of the proposals received. All revolve in the need to create a framework of trust for external and internal investment. Also, expand the capacity of drills and the return of prepared professionals integrate the proposals made in this commission.