Venezuela’s Maduro says to recover 70 percent of oil output decline

Venezuela's Maduro says to recover 70 percent of oil output declineVenezuelan President Nicolas Maduro promised on Saturday to recover 70 percent of the country’s lost oil production in the first half of 2018. “I can tell you, the unprecedented injustices led to an important fall of a million barrels of oil,” Maduro said in an interview with state television without giving more specific figures or defining a time period for the output decline. Venezuela’s oil production dropped by nearly 13 percent last year according to figures released by OPEC in January, hitting a 28-year low that suggested a deepening economic crisis and increased chances of a debt default.



Yahoo Finance

You may also like...