August 7, 2024

Venezuela Needs $58B to Bring Oil Output to 1998 Levels

Courtesy of El Nacional

Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen by Reuters shows. By Luc Cohen. Full Text -> Offshore Engineer

Translation/ Traducción