abce certificate
Tuesday, 14 October, 2008, 18:20 GMT | more prices >>

Caracas pledges 8% output increase


News services

Venezuelan state oil company PDVSA has said it hopes to increase crude production by nearly 8% this year to more than 3.4 million barrels per day.

Company vice president Luis Vierma says PDVSA will do so in part by raising investments this year.

Venezuela is producing about 3.2 million barrels per day, the Associated Press quoted Vierma as saying.

More conservative estimates from the Paris-based International Energy Agency put the country’s production at around 2.6 million barrels per day.

Vierma’s comments were published in the Venezuelan newspaper Panorama on Wednesday.


Wednesday, 18 June, 2008, 19:21 GMT  | last updated: Friday, 20 June, 2008, 20:17 GMT

Output increase: Company vice president Luis Vierma says PDVSA will increase investments this year
 

e-mail this article to a colleague


to email:  from:
comments: