Chevron Could Be Key To Rebuilding Venezuela’s Oil Industry ...Middle East

OILPRICE - Economy
Chevron Could Be Key To Rebuilding Venezuela’s Oil Industry
source : OILPRICE ( Middle East ) () 14
Despite outside assistance from Russia, China and Iran, the embattled socialist regime of President Maduro has proven incapable of rebuilding Venezuela’s once-mighty petroleum industry. According to the latest OPEC Monthly Oil Market Report Venezuela’s December 2020 oil output averaged 431,000 barrels of oil equivalent daily. While that represents a 4% increase over a month earlier, it is still less than a quarter of Venezuela’s average daily production for 2017 when the U.S. first placed sanctions on crude oil exports. The Latin…

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