Venezuelan state-owned oil company PDVSA aims at increasing its crude oil production, currently at 1.9 million thousand barrels per day, to 2.5 million bpd, said Manuel Quevedo, the company’s chairman, in a televised interview.
“We already took the first steps. The 1.5 million level was left behind, and we are already close to 1.9 million a day, and I thank the workers for these achievements,” said Quevedo.
Regarding PDVSA’s lower production in the last few years, Quevedo said that it was due to the drop in oil price abroad, which in 2016 reached US$ 20 per barrel.
The material has been provided by InstaForex Company – www.instaforex.com
Disclaimer: Please note all prices are for information only, they should not be relied upon for accuracy or trading. All prices quotes are based on CFD prices and are similar though not always identical to real exchange prices. STOCKTRKR or anybody connected with STOCKTRKR will not accept any liability for loss or damage arising from use of any information/commentary/charts or articles which is provided 'as is' for educational purposes only, nothing contained on this website should be considered as investment advice - please seek proper investment advice from registered financial broker or institution if you wish to trade on global markets and ensure you are familiar with the risks.
