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Venezuela reported today that it has managed to "stop the decline" of its oil production and that it is pumping 1.57 million barrels a day, which figures contrast with those of the Organization of Exporting Countries. Caribbean country governor Ongel González said Venezuela has produced 1,570,000 barrels of crude oil per day in the first six months of 2018, and could be raised to 1,735,000 barrels by the end of the year. "condensates" and hydrocarbons derived from gases are included.
"But we are reporting to OPEC only 1,570,000 (barrels per day) in the first half of the year." VTV
According to González, the secondary sources that OPEC uses to calculate Venezuelan pumping, which in its latest report of 1.39 million barrels per day, "do not include" heavy crude oil and additional While Venezuelan oil minister Manuel Quevedo has rejected the figures offered by the country's media on the production of the state-owned oil company PDVSA.
the media have been close to defamation, the figures we give to production are easily verifiable, audited, in addition to matching the revenues obtained by our national marketing product, "he said.
added that the disclosure of the figures officers have "perverse interest in hitting the morale" of oil workers.
The South American country has become the third largest producer of OPEC, but after the problems his industry had to occupy eighth place among the fifteen members, with 4.15% of the total oil produced by the cartel in June.
Studies state that the oil belt of 39 Orinoco in Venezuela With nearly 300 billion barrels of oil, this region has the largest proven reserves in the world.
Despite this wealth, Venezuela suffers a serious economic crisis that translates into a peninsula. of food products and basic medicines. as in hyperinflation, a phenomenon that has pulverized the purchasing power of workers.
EFE
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