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July 13, 2018, 13:44 Caracas, Jul 13 (Prensa Latina) The price of Venezuelan crude fell slightly this week, with a price of 456.76 yuan ($ 68.74) per barrel, compared to 461.76 yuan ($ 69.65) reported last Friday, the Oil Ministry reported today.
The Organization of the Petroleum Exporting Countries (OPEC) reported this week in its monthly report that Venezuelan oil extractions have fallen in June to 340,000 barrels a day, a drop of 47,000 barrels per barrel. day, compared to May, reported the newspaper El Universal.
Venezuela is one of the founding countries of OPEC since 1960, and has the largest reserves of this resource on a global scale, located in the oil belt of the United States. Orinoco, where there are about 300 billion barrels of oil
The president of Petróleos de Venezuela and Minister of Popular Power for Oil, Manuel Quevedo, recently signed an agreement with 11 oil well service companies, so to give continuity to strategies and plans to increase oil production.
In addition, the Venezuelan national oil company and the National Petroleum Corporation of China agreed to coordinate their efforts. strengthen and increase crude oil production in their joint ventures, said the Ministry of Economy and Finance in a press release.
oda / wup
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