Former PDVSA CEO Giusti Says Venezuela Needs a Big Roadshow

The video discusses the challenges faced by Venezuela's oil industry, emphasizing the need for significant investment to fix refineries and develop new projects. It highlights the impact of sanctions on oil exports, particularly to the Gulf Coast, and the efforts to find alternative markets. The video also covers Venezuela's oil dealings with China and Russia, noting that these transactions do not generate revenue due to existing debts.

What is the primary focus of the initial efforts to fix Venezuela's oil industry?

• Expanding domestic oil consumption

• Reducing oil prices

• Gaining control over physical and cash assets

• Increasing oil production

Which markets were affected by the sanctions on Venezuelan oil?

• European markets

• African markets

• Middle Eastern markets

• Gulf Coast refineries

What is the main challenge Venezuela faces in replacing the Gulf Coast market?

• Low oil quality

• Lack of oil production

• High transportation costs

• Inability to find alternative buyers

Why do oil shipments to China not generate revenue for Venezuela?

• The shipments are delayed

• The oil is of low quality

• China pays in non-monetary terms

• They are part of a debt repayment

How much debt does Venezuela owe to Russia's Rosneft?

• $5 billion

• $11.7 billion

• $20 billion

• $15 billion