Venezuelan Oil Minister Says Orinoco Heavy Oil Output Climbing

摘要

Oil Minister Rafael Ramirez said this week that Venezuela’s Orinoco Belt heavy crude output would soon rise to 1.63 million barrels per day from 1.16 million b/d today. “The plan that we presented to increase current production of about 3 million b/d to 3.5 million b/d is based on 470,000 b/d of new output from the Orinoco belt and 88,000 b/d from the west of the country,” said Ramirez, who also heads state-owned Petroleos de Venezuela (PDV).