The Daily Journal.- Gasoline production in Venezuela has reached a strategic milestone of at least 100,000 barrels per day, according to recent data from the hydrocarbons sector. This figure marks significant progress for PDVSA and helps stabilize the country’s energy supply. According to sources at the Ministry of Hydrocarbons, this production level “makes it possible […]
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Austrian company SBO received an order to deploy its precision technology in Venezuela The Daily Journal.- Venezuela has returned to the business radar of oil equipment supplier SBO after the company received an order to deploy its precision technology in the South American country. According to Klaus Mader, CEO of the Austrian company, the Venezuelan […]
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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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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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