12 Days
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المشهد العربي
Venezuelan President affirms Oil Sector Stability
Venezuela's Acting President, Delsy Rodriguez, confirmed that the country's oil sector was unaffected by the two earthquakes last month, which resulted in the death of more than 4,500 people. Venezuela continues to produce around 1.2 million barrels per day, marking an increase of nearly 10% over the year, despite a decline from over 3 million barrels at the beginning of the millennium to 350,000 barrels in 2020 due to corruption and mismanagement. The government plans to implement widespread reforms to boost foreign investment and open international cooperation in order to prepare the oil sector for future challenges.
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