25/08/2022 17:17 (UTC)

Venezuela's oil production falls short of Maduro's promise

Caracas, Aug 25 (EFE), (Camera: Ivan Cardenas).- Venezuela's oil production, which fell 28% since last December after a fleeting increase in the last months of 2021, is increasingly distant from the goal set by President Nicolas Maduro to pump 2 million barrels per day (bpd) by the end of the year, which requires a 218% increase compared to 629,000 bpd in July.

Despite this drop, the president did not reduce his forecasts and, with only four months to go, he maintains that the target will be achieved, and that growth will continue thereafter, until pumping 3 million bpd in 2023.

Metadata

Date: 25/08/2022 12:00 (UTC)
Source: EFE
Topic: Economy, business and finance
Type: Rough cut
Duration: 76 seconds
Reference: 7001193583
Relevance: Normal