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وكالة الأنباء القطرية
US Energy Secretary Sees Venezuelan Oil Doubling
The U.S. Energy Secretary announced that the agreements to be signed between American and foreign oil companies in Venezuela will lead to more than doubling crude oil production in the coming years, after a period of decline caused by a lack of investment and sanctions. Venezuelan oil production had exceeded 3 million barrels per day in the late 1990s but has since decreased to around 1.1 to 1.2 million barrels currently, with expectations that production will rise as a result of these agreements. The minister also indicated that deals with companies like Chevron and Eni will boost oil output and increase energy supplies, potentially putting downward pressure on gasoline and diesel prices in the United States.
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