Caracas.- President of the Bolivarian Republic of Venezuela, Nicolás Maduro, said that it is necessary to undo the current 'oil war' that has caused the biggest drop in prices in the last 12 years.

The president spoke from Miraflores Palace, where he welcomed the march of workers of Petróleos de Venezuela S.A. (PDVSA), in support of their collective bargaining agreement 2015-2017.

President Maduro urged People's Minister of Petroleum and Mining and President of Petróleos de Venezuela, S.A. (PDVSA), Eulogio Del Pino, to revive all efforts before the Organization of Petroleum Exporting Countries (OPEC) to stop the price war that has brought the barrel down to $24. 'We must work with OPEC and non-OPEC countries on a formula for the recovery of the market and the oil prices'.

Finally, he said that the empire is betting on bringing OPEC down and overwhelm producing countries. 'We are determined to be free, independent and sovereign. We are not going to kneel before the transnational interests', he said.

PDVSA - Petróleos de Venezuela SA issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-12 22:45:03 UTC

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