Chavez,
who
has
begun
campaigning
for
an
October
re-election
bid
despite
a
lengthy
battle
with
an
undisclosed
type
of
cancer,
is
relying
on
high
oil
prices
to
finance
large
spending
increases
on
social
programs,
Dow
Jones
reported.
Crude
oil
makes
up
95%
of
the
South
American
country's
exports.
In
an
interview
broadcast
on
state
television,
Chavez
said
that
government-run
oil
monopoly
PDVSA
is
on
track
to
boost
its
output
to
4
million
barrels
a
day
by
2014
and
will
begin
to
produce
6
million
barrels
a
day
in
2019.
Venezuela's
oil
ministry
stopped
publishing…
