July 28, 2024

Venezuela oil production on tentative upswing

Courtesy of El Nacional

The volume compares to 360,000-390,000 b/d in the second half of 2020, and it is still shy of an average of 650,000 b/d pumped in March last year, according to Argus estimates. Orinoco production is running close to 350,000 b/d from Venezuelan state-owned PdV’s joint ventures with foreign minority partners, including PetroSinovensa with China’s state-owned CNPC, PetroPiar with Chevron and PetroMonagas with Russian partners. Full Text -> ArgusMedia

Translation/ Traducción