Head of State: Venezuela stands out for its low costs in oil production processes

Published at: 11/03/2025 07:44 PM

The President of the Bolivarian Republic of Venezuela, Nicolás Maduro Moros, during a working day dedicated to the activation of the Hydrocarbon Engine, stressed that the new economic model is based on low Production, Supply and Export (PAE) costs,

Along these lines, the National President pointed out that this new model has been established after the economic war that was orchestrated and raged against all Venezuelans, through sanctions aimed at weakening the national economy.

The head of state, referring to the complex stages that the country has had to overcome, alluded to the current meaning of the thirteen (13) engines of the Bolivarian Economic Agenda, which are active and in the productive phase to increase their acceleration and depth in the formation of an integral, national model, articulated with the world and that complies with three (3) fundamental elements, such as production, supply and export.

He pointed out that in order to build a strong economy and market, it is necessary to guarantee quality and affordable products for all the people of Venezuela, and with this, to generate with more impetus the export vocation to create new sources of convertible currencies of international currency and thus strengthen the internal stability of the currency and of the entire economy in a progressive, ascending plan that consolidates all the factors of Venezuelan wealth.

He highlighted the work that the team of the Ministry of People's Power of Hydrocarbons has been carrying out, stressing that they are prepared, professional and capable people.

Mazo News Team