Venezuela’s President Nicolas Maduro offered to extend the work of the Joint OPEC-Non-OPEC Monitoring Committee for at least five more years. He also made proposal to the members of the deal to work out a joint cryptocurrency backed by oil.
According to Maduro, possible US sanctions against his country would fail to harm Venezuelan oil industry, adding that the country wants to maintain good relations with the United States. However, if the US aggression continues, Venezuela could stop selling oil to the US.
Nicolas Maduro also said he was ready to offer OPEC and other oil producing nations to create the mechanism of issuing cryptocurrencies.
He stressed that OPEC's Secretary General Mohammed Barkindo listened to his proposal with interest.
