Venezuelan Oil Industry continues to struggle as private sector set to play bigger role
Trudiann Lowe2021-01-19T13:02:17-05:00January 19, 2021 Venezuela’s oil output has remained at historic lows at the close of 2020. The latest OPEC Monthly Oil report placed the Caribbean nation’s production at 431,000 barrels per day (bpd) in December. The number represents a 17,000 bpd increase compared to November. The numbers reported directly by state oil company PDVSA stood