Venezuela’s oil extraction is getting back on its feet
Jan, 04, 2022 Posted by Gabriel MalheirosWeek 202201
Venezuela’s oil exports doubled in December vis-a-vis the same period last year, after rising for the third consecutive month in a challenge to US sanctions.
Shipments totaled an average of 619,000 barrels/day in December, with the support of its ally Iran, which has increased the supply to Venezuela of key inputs.
Oil production hit the 1 million barrel mark in one day in December, according to the state-owned Petroleos de Venezuela (PdVSA). On average, production totaled 625,000 barrels/day in November. But there are still questions about whether the growth in shipments is sustainable, as China, Venezuela’s biggest oil buyer, continues to restrict its energy sector.
Source: Valor Econômico
To read the original article please visit:
-
Other Cargo
Feb, 07, 2022
0
Exports of Brazilian Cosmetics and Personal Hygiene products reach US$ 1.4 billion in 2021
-
Other Cargo
Apr, 28, 2022
0
Petrobras dismisses plan to sell a fertilizer-producing plant to Acron
-
Ports and Terminals
Nov, 12, 2021
0
São Francisco sets new import records for steel and agricultural inputs
-
Economy
Jan, 28, 2020
0
Brazil’s trade balance registers deficit for fourth week of January