Travieso made these statements in the program En Confianza, broadcast by the Venezuelan state-owned television channel Venezolana de Televisión (VTV), where one of the opposing analyst, Juan Carlos Sosa, was also invited. The latter always defended the transnational company ExxonMobil during the show.
Furthermore, Travieso pointed out that Venezuelan state-run oil company Petróleos de Venezuela (PDVSA) “is the solidest company of the world because it has the world's largest reserve”.
He explained that the strength of an oil company at the international market is strictly based on the reserves owned and not because its selling income profits.
“A company worths as much as its certified reserves and not for its yearly incomes. World market analysts give more value to the amount of reserves owned by a company than the money it (the company) is spending”, said Travieso.
Regarding ExxonMobil pretentions against PDVSA and comparing both of them, he pointed out that “the one who needs Venezuela is ExxonMobil, who needs to take a plane, run, and wait three hours to talk to the Minister of Energy and Oil of Venezuela is ExxonMobil's Chairman”.
“PDVSA is one thousand times solider than ExxonMobil and than any other oil transnational, the strength of a company lies in its reserves”, reiterated.
Moreover, Travieso stated that, because following North American policies, “Exxon is damaging with its decisions its own shareholders, because when they decided to go out of the Orinoco Belt they lost the support of the reserves that the Belt supplied them”.
He pointed out that this measure took by Exxon was a mistake because it was the only company that, at the end, “did not accept to sign the transformation into mixed companies, as the other companies in the Belt did accept”.
Likewise, he underscored that works at the Orinoco Oil Belt “are now under Venezuelan control, in shares and strategically, and we also have more than 30 companies working in joint with PDVSA”.
In this regard, he added: “what North Americans and Europeans do not like is the presence of countries like China, Russia, Libya, Iran, Belarus; because the multi-polarity at the Orinoco Belt is, definitely, a policy for world's development”.
Travieso reminded that Bush said, recently, that currently his main objective is to change Iraq's Law on Hydrocarbons. In order to “classify Iraq's reserves as future production and strengthen his companies because the current law does not allow it, which was the law promulgated by Sadam Hussein”, explained.
In Travieso's opinion, “the strategical objective of the transnationals and first world countries is to own world's oil reserves”.
He warned that “as the difference between the amount of barrels consumed and new oil reserves discoveries keeps growing, the pressure on Venezuela will increase”.
Travieso also stated that “when ExxonMobil was at the Orinoco oil Belt, they were going to restock 107 barrels for every 100 barrels sold, and after they went out they only restocked 76 barrels for every 100”.
He took advantage of the opportunity to make clear that “everything that has been said by Venezuelan opposition is a lie, it has been just a mass media campaign against Venezuela”.
By the other hand, Juan Carlos Sosa tried to explain how the National Government, in his opinion, should carry out better oil policies.
According to Sosa, the Government should negotiate with transnational companies like ExxonMobil because, he assures, that “Exxon is the first oil company of the world”.
He stated that his affirmation is because “as long as we have in Venezuela competent companies like Exxon, with experience and several years of trajectory, which would guarantee us to have partners and allies allowing us to be more productive and have more doors and markets opened”.
Sosa apologized his statements and assured that “when I talk about the Exxon, what I try to show and open the eyes to the country, because I think the oil matter has been treated wrong”.
When he was questioned about the oil opening treaties signed in Venezuela in the 90s, agreements that were revoked by the Government of the President Hugo Chávez Frías, Sosa avoided the subject saying that, currently, Exxon's issue is more important and that the past oil opening does not have anything to do with the current matter.
Nevertheless, ExxonMobil's case is closely linked to the so-called oil opening because the agreements signed in that period were the ones that allowed ExxonMobil's aggressions against PDVSA.
In Sosa's opinion, “National Government's policies slow down and restrict country's possibilities”.
Nevertheless, during the Orinoco Oil Belt nationalization process, which ended in 2007 when a set of mixed companies were created, Venezuela opened itself to an energy market and signed agreements with more than 30 oil companies of all over the world.
Likewise, when Sosa defended ExxonMobil, he said that “National Government kicked Exxon and discredited it worldwide, cornered it, and that's why Exxon took legal actions against PDVSA in order to defend its interests”.
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