Tag Archives: Venezuela

Maduro says this is a way of boosting country'.s international reserves.

Anticorruption probes advanced by the Public Ministry caused that 90 executives of Pdvsa were arrested over the last 11 months.

Venezuela’s crude oil production dropped in June by 47.500 bpd from May. to average 1.340 million bpd last month.

A National Assembly-proposed bankruptcy law shows the depths of the challenges PDVSA faces.

China has decided to invest &.25 million to help slow the decline underway in Venezuela.

These funds will allow Venezuela to upgrade the development of its key industry.

Caracas will support those OPEC + decisions that will lead to an acceptable oil price for all producers.

Most of the shortfall has come from Venezuela. where an economic crisis has savaged the nation’s petroleum production.

OPEC members. including Saudi Arabia. and other oil producers will meet in Vienna this week.

IEA forecasts that Venezuela’s oil production could drop to Just 800.000 bpd or even lower next year.