Tag Archives: Venezuela

Exxon drilled its first successful well off the coast of Guyana in 2015 and since then has made nine more discoveries.

Libya has been given a pass due to its chronic production outages.

Venezuela stopped sending its gold to Switzerland for processing last year to circumvent EU sanctions and turned to Turkey for the purpose.

Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp.

Venesuela'.s oil production has fallen to just 1.17 million barrels-per-day. a 37 percent drop in the last year.

Venezuela’s crude production could soon sink to below 1 million bpd.

OPEC member Venezuela last year produced more than 2 million bpd.

Tthis country is the biggest in terms of crude oil reserves.

Experts and analysts are skeptical that the Venezuelan cryptocurrency is really backed by oil assets and minerals.

Venezuela. which pumped 1.22 million b d in August. could see output fall to 1 million b d in 2019.