Tag: Francisco Monaldi

Slight increase in Venezuelan oil production contrasts with sharp drop in exports

Tatiana Da GamaLeave a Comment on Slight increase in Venezuelan oil production contrasts with sharp drop in exports

The Daily Journal.- Venezuela’s oil industry showed conflicting signals in July: while production continued to expand slightly, crude exports fell sharply, according to OPEC’s monthly report and shipping data. Secondary sources cited by OPEC placed Venezuelan production at 1.117 million barrels per day (bpd) in July, just 13,000 bpd above June’s 1.104 million bpd. The […]

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Recovery of Venezuela’s oil industry will require at least US$100 billion and a decade of work

Tatiana Da GamaLeave a Comment on Recovery of Venezuela’s oil industry will require at least US$100 billion and a decade of work

The Daily Journal.- Rebuilding Venezuela’s energy infrastructure, which has suffered severe damage from corrosion and years of accumulated deterioration, will require multibillion-dollar investments that industry estimates place between US$100 billion and US$220 billion. Economist Francisco Monaldi, director of the Latin America Energy Program at Rice University’s Baker Institute for Public Policy, estimates that the minimum […]

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