Venezuela's Minister of Mines and Oil, Hugo Perez la Salvia, met Friday (27 Feb.) with top Washington officials to discuss his country's oil exports to the United States.
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Background: Venezuela's Minister of Mines and Oil, Hugo Perez la Salvia, met Friday (27 Feb.) with top Washington officials to discuss his country's oil exports to the United States. The officials included Secretary of State William Rogers and President Nixon.
Perez la Salvia noted that 90 per cent of Venezuela's exports come from oil. And he told a news conference that may change in U.S. policy on oil imports would worth of goods and services from the United States and this helps the United States balance of payments situations in a major way.
He said President Nixon had stressed the importance of Venezuelan oil to U.S. security and he said the President understood his problems very well.
He said: "In general, the main purpose of this visit to Washington was to policy, to exchange ideas with the top officials in the government and mainly this visit or this meeting with President Nixon I have the impression after all these conversations that a final decision on this important matter will take a long time.
I was very well impressed in the meeting I had this morning with President Nixon because I understood from this meeting that he is very well aware of all the facts, and knows the problems very well. And I would say he has an awareness of finding some formula or system that can be satisfactory for all the countries and all the people involved in the problem."