Venezuela plans to increase its oil production to 1.5-1.6 million barrels per day in 2019, while the current output does not reach 1 million barrels per day, thus regaining 2018 level, Oil Minister Manuel Quevedo said on Thursday
MOSCOW (Pakistan Point News / Sputnik - 03rd October, 2019) Venezuela plans to increase its oil production to 1.5-1.6 million barrels per day in 2019, while the current output does not reach 1 million barrels per day, thus regaining 2018 level, Oil Minister Manuel Quevedo said on Thursday.
"Our current production level is less than 1 million [barrels] daily ... We have enough instruments now, we are changing our work with new clients. This year we have a plan to regain the 2018 level, 1.5-1.6 million [barrels per day]," Quevedo said at a plenary session at the Russian Energy Week.
The Russian Energy Week runs from October 2-5 in Moscow. The Rossiya Segodnya International Information Agency is an official media partner of the event.
