Venezuela’s state oil company PDVSA has got a new management that plans to boost production of crude to 1.17 million barrels daily by the end of the year, Reuters has reported, citing an internal document. As of April, PDVSA was producing over 800,000 bpd - the first time it had topped the 800,000-bpd mark in more than a year. Per plans, oil production should rise by 390,000 bpd by the end of the year and gas production should also increase, to some 645 million cubic feet daily to a total of 2.27 billion cubic feet. The new management is…
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